Bank staff receive jail terms over £1 million fraud
Banking insiders working with an organised crime group have been sentenced on charges of stealing up to £1 million from customer accounts
Trio sentenced for £380 per month crime-as-a-service operation
Three men have been sentenced for running a website enabling criminals to defraud victims by circumventing banking anti-fraud checks.
OneMain COO on Foursight acquisition
OneMain Financial’s completed acquisition of Foursight Capital this week will expand the lender’s dealer network and enhance its technology stack….
Ripple to acquire Standard Custody
Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.
India central bank convenes digital payments panel
Reserve Bank of India (RBI) has recruited the Infosys chairman Nandan Nilekani to head up an advisory panel on the development of digital payments.
HSBC to issue accessible vertical cards
HSBC UK has teamed up with Alzheimer’s Society to design a new range of cards with features that will support people with dementia, as well as visual impairments, learning difficulties and dyslexia.
Digital origination volume jumps 32%
The volume of digitally originated auto loans jumped year over year in the fourth quarter, reflecting dealers’ and lenders’ efforts…
AI credit intelligence platform Kaaj raises $3.8m
AI credit intelligence platform for small business lending Kaaj has raised $3.8 million in a seed funding round led by Kindred Ventures.
Airwallex to double London office space as UK revenues soar
Business payments outfit Airwallex is to double its office space in London after experiencing 109% year-on-year growth in the UK.
Singapore warns of uptick in impersonation scams
Police and banking authorities in Singapore are warning people to beware of a sophisticated impersonation scam that netted crooks $10.6 million in June alone.
Powell cites inflation risk as Fed holds interest rates steady
Federal Reserve Chair Jerome Powell said interest rates are in the right place to manage continued uncertainty around tariffs and…
Kinexys by JP Morgan launches blockchain-based fund flows tool
JP Morgan’s blockchain unit Kinexys has unveiled an offering that promises to enable the seamless distribution and servicing of alternative investment funds.
Finnovating unveils MatchGPT ‘Business Tinder’
AI startup Finnovating has launched its own Generative Pre-Trained Transformer (GPT) designed to help tech companies find, match and deal with corporate partners and clients.
Lucid EV deliveries up over 70%
EV manufacturer Lucid Motors delivered more vehicles in the second quarter of 2024 than a year ago as EV sales…
Live: Swift Latin American Regional Conference – day two
Welcome to Finextra’s live coverage of the Swift Latin American Regional Conference 2019, in Panama City. This event will focus on important issues affecting the financial industry in the region, and how the financial community can accelerate digital transformation.