Kima bids to build a ‘DeFi credit card’
Israeli startup Kima is running a project with Mastercard’s FinSec Innovation Lab to connect decentralised finance (DeFi) applications with fiat systems.
Accenture boosts analytics skills with Mudano acquisition
Accenture has agreed to buy Mudano, a data consultancy that works with UK financial services firms. Financial terms were not disclosed.
Australians embrace digital banking as digital wallet use surges
Australian consumers are adopting digital banking services in increasing numbers with 99.3% of transactions taking place over digital channels, including A$160bn in payments made via mobile wallets.
Finextra launches new market intelligence app
Finextra Research has launched its new market intelligence and financial search engine, Finextra Pro.
Charitable giving fintech Overflow raises $20m
A church pastor has raised $20 million for his startup, called Overflow, that aims to make charitable giving frictionless.
DBS and Goldman Sachs claim crypto options first
Two investment banks have made what they claim is the first over-the-counter options trade involving cryptocurrencies.
US Bank completes first fully digital trade finance transaction
US Bank has completed its first trade finance collection transaction using the WaveBL electronic trade documentation platform.
2 experts on implications of more interest-rate rises in 2023
While smaller than the increases policymakers unfurled last year, the Federal Reserve made the expected move on Wednesday of pushing the target for the Federal Funds Rate up by another 25 basis points to the 4.50% to 4.75% range. The … [Read More]
SoFi adds crypto services and blockchain-powered remittances
US fintech SoFi is taking advantage of the changing regulatory landscape under the Trump administration to reintroduce crypto services.
Elastacloud runs hackathon to devise sustainable finance solutions
The first Sustainable Finance hackathon run by data science specialists Elastacloud in association with Finextra and Responsible Risk, took place on 16 and 17 January bringing together 38 professionals from the finance and technology sectors.
Auto loan delinquencies climb, VantageScore drops
Auto loan delinquencies increased for the second consecutive month in February, and overall late-stage delinquencies across all asset types rose…
MoneyGram says hackers stole customer data
MoneyGram has confirmed that the cyberattack that knocked out its service for several days last month saw crooks steal customer data, including bank account numbers.
PODCAST: More from compliance expert Randy Henrick about Safeguards Rule
Dealer compliance expert Randy Henrick acknowledged moderate surprise that the Federal Trade Commission didn’t delay December implementation of the revamped Safeguards Rule even as industry associations and a fellow government agency recommended it. In this episode of the Auto Remarketing … [Read More]
Singapore central bank pledges $150 million to support new fintech projects
Singapore’s central bank is to commit up to $150 million to support startups developing innovative financial technologies over the next three years.
Davis+Gilbert achieves Mansfield Certification Plus
Davis+Gilbert announced that the law firm has achieved Mansfield Certification Plus status as part of its ongoing commitment to diversity, equity and inclusion (DEI). The firm highlighted its Certification Plus status indicates that, in addition to meeting the consideration and … [Read More]