Ex-Revoluters raise $10 million for compliance startup
Condukt, an AI-based compliance startup founded by former employees of Revolut, has raised $10 million to support expansion into regulated financial services.
Sibos 2025: AI, quantum, CBDCs, tokenised assets and stablecoins to lead the agenda
In the opening plenary of Sibos 2025 in Frankfurt, executives at Swift and leading German banks Deutsche Bundesbank and Deutsche Bank introduced the themes of the conference and what can be accomplished on ‘the next frontier of global finance’.
COMMENTARY: Most dealers aren’t aware of this specific FTC Safeguards Rule
As many dealers are aware, the Federal Trade Commission (FTC) recently issued new requirements to its Safeguards Rule that take effect Dec. 9. The rule requires auto dealerships with more than 5,000 customer records in their database to develop, implement … [Read More]
US tariff uncertainty delays economic ‘power’ Lutnick predicted
President Donald Trump’s latest legal setback on tariffs increases uncertainty for American importers while delaying the economic dividends Commerce Secretary…
Deutsche Bank prototypes carbon consumption app
Deutsche Bank has developed a prototype app that can track a clients’ carbon footprint and help them save money by challenging their behaviour.
Citi shifts 1000 tech jobs to India
Citi has moved about 1000 technology jobs to support centres in India after slashing its workforce in China, according to Bloomberg.
NatWest integrates Tink PFM tech into app
British bank NatWest is integrating personal finance management and data enrichment technology from Sweden’s Open Banking outfit Tink into its mobile app.
UK funds given green light for tokenisation
Investment funds authorised in the UK may now be able to progress their tokenisation strategies following the publication of the first report from a government-backed industry working group.
Citi, HSBC, Morgan Stanley, RBC fined for disclosing UK bond pricing
UK regulator, the Competition and Markets Authority (CMA) has fined Citi, HSBC, Morgan Stanley, and the Royal Bank of Canada £104.5 million for sharing sensitive information about UK bonds between 2009 and 2013.
CarMax Auto Finance originations down 1% year over year
CarMax Auto Finance’s originations declined in the third quarter as the lender looked to improve collections and underwriting for better…
American Honda urges dealers to tap into CPO leasing
American Honda is aiming to bolster sales and consumer loyalty by training dealers on certified pre-owned vehicle leasing. The company…
Informed.IQ makes inroads in subprime with CPS & DriveTime
Informed.IQ, a provider of artificial intelligence-based software for financial institutions, has made notable inroads with providers in the subprime auto finance space. First, continuing its focus on artificial intelligence and machine learning, Consumer Portfolio Services last month partnered with Informed.IQ … [Read More]
Co-operative Bank shifts treasury operations to the cloud
The UK’s Co-operative Bank is to migrate its treasury operations to the cloud, utilising Finastra’s Kondor platform running on Microsoft Azure.
May sales mixed across OEMs
May sales were mixed across the major auto manufacturers as overall new-vehicle retail sales declined following a vehicle-purchasing frenzy in…
Cox Automotive sells off another F&I tool as Vitu to acquire Dealertrack’s titling division
Cox Automotive began the year by selling its product cancellation and refund tool to F&I Sentinel. Then on Monday, Vitu, an innovator in vehicle-to-government (V2Gov) technology, announced it has entered into a definitive agreement to acquire the Dealertrack registration and … [Read More]