FCA launches open finance accelerator
The UK’s financial watchdog, the Financial Conduct Authority (FCA) has announced details of its strategy and roadmap for promoting open finance.
FTC defends responsiveness to Congressional inquiries
Last week, Jeanne Bumpus, director of the office of Congressional relations at the Federal Trade Commission, testified before the House Judiciary Subcommittee on Responsiveness and Accountability to Oversight. Bumpus told lawmakers the FTC “has established its clear responsiveness” to House … [Read More]
24 state AGs send amicus brief to Supreme Court, supporting CFPB
A coalition of 24 attorneys general threw their support behind the Consumer Financial Protection Bureau this week, submitting an amicus brief to the Supreme Court The group is urging the court to overturn a decision by the U.S. Court of … [Read More]
DQs rise across prime, nonprime securitized loans in June
Credit performance across securitized auto loans weakened year over year and month over month in June, following seasonal trends. Securitized…
easypaisa and TNG Digital adopt Ant International’s AI-as-a-Service platform
Ant International is partnering with TNG Digital, operating company of TNG eWallet, and Pakistani neobank easypaisa to deliver AI-powered customer experiences.
QuantCube launches real-time indicators to track economic and environmental change
Alternative data specialist QuantCube has today launched four new real-time economic indicators, which use intelligence gathered from European Space Agency (ESA) global satellite data to track environmental change.
Natwest becomes first bank accepted into UK Open Banking DPS
NatWest Bank has been confirmed as the first UK Bank to become a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking.
Biden opposes digital asset bill
President Biden and SEC chair Gary Gensler have both criticised a new cryptocurrency bill ahead of a US House of Representatives vote.
Lloyds puts leadership team through AI training programme
Lloyds Banking Group is calling in edtech Cambridge Spark to help run an AI training programme for its senior leaders.
Algo trading firm XTX to build €1bn data centre hub in Finland
Algo trading form XTX Markets is investing €1 billion in a large-scale data centre complex in Finland to support its growing use of machine learning.
October U.S. boat registrations sink 9% year over year
U.S. retail boat registrations sank year over year in October, in part due to hurricanes Helene and Milton. Retail registrations…
CACC sees 200% increase in dealer real-time payment adoption
The number of dealers enrolled in subprime lender Credit Acceptance Corp.’s real-time payment services program has jumped about 200% in…
Fraudsters turning to encrypted messaging platforms to scam users Revolut warns
Revolut reports that fraud originating from WhatsApp and Telegram now accounts for well over a third of reported scams (39%), as criminals are increasingly turning to encrypted messaging services to exploit victims.
Lloyds names sustainability competition winners
Lloyds has named four winners of a competition to find the next generation of green tech businesses that will support its transition to net zero carbon operations.
JP Morgan to buy investment analytics player Aumni
JP Morgan has struck a deal to buy Aumni, an investment analytics platform that provides the data infrastructure for private capital markets. Financial terms were not disclosed.