Vista-backed auto data firm Solera files confidentially for IPO
Vista Equity Partners-backed automotive data and software services provider Solera Global Corp. has filed confidentially for an initial public offering….
Mast raises £1.2m for mortgage origination platform
London-based cloud-native mortgage origination platform Mast Technologies has raised £1.2 million in a funding round led by Antler VC.
Circle lines up banking partners for stablecoin-based Swift competitor
Stablecoin platform Circle is working with Standard Chartered, Deutsche Bank, Société Générale and Santander to build a cross-border payment network to rival Swift.
UBS to acquire robo advisor Wealthfront for $1.4 billion
UBS is to buy robo addvisor Wealthfront for $1.4 billion, marking the Swiss bank’s first fintech acquisition under the tenure of CEO Ralph Hamers.
Trump Media raises $2.5bn to buy bitcoin
Donald Trump’s media company says it is raising $2.5 billion from institutional investors to build a bitcoin reserve.
Fund services firms lagging in digital journey
Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.
Deutsche Börse bids $5.5bn for Allfunds
German stock exchange operator Deutsche Börse has bid $5.5bn to acquire investment funds platform Allfunds in a move that could have ramifications for Europe’s asset and wealth management market.
BofA CEO says bank prepared to launch own stablecoin
Bank of America will look to launch its own dollar-backed stablecoin if US lawmakers make it legal to do so, says CEO Brian Moynihan.
Fed cuts rates quarter point, sets end to balance-sheet runoff
Federal Reserve officials delivered their second consecutive interest-rate reduction to support a softening labor market, and said they would stop…
ARA highlights 4 primary compliance features of new 50-State Solution
For agents, 50 states can mean as many as 50 different sets of regulations to follow when repossessing vehicles. To help them handle those potential complexities, the American Recovery Association launched what it called a “groundbreaking” resource on Wednesday. Called … [Read More]
CFPB looking to add 75 employees to enforcement department
The Consumer Financial Protection Bureau is calling for reinforcements. CFPB enforcement director Eric Halperin revealed in a public appearance last week that the bureau is looking to add about 75 new full-time employees to the office of enforcement. Halperin told … [Read More]
Revolut’s Storonsky switches residency from UK to UAE
Revolut’s billionaire co-founder and CEO Nik Storonsky has changed his residency from the UK to the United Arab Emirates.
Tricolor’s busted money machine has Wall Street rethinking risks
When Tricolor founder Daniel Chu made his pitch to investors, he touted the used-car company’s end-to-end model: They sold cars,…
US charges crypto exchange KuCoin with AML violations
The United States has charged cryptocurrency exchange KuCoin and two of its founders with flouting money laundering laws.
Consumer sentiment seems to be rebounding, but struggles to maintain payments remain
Cox Automotive reported unique credit applications per dealer using Dealertrack ticked up 2% year-over-year last week. So, does that mean consumers feel more comfortable pushing forward with a financing commitment and taking vehicle delivery? It depends on which reading of … [Read More]