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Taurus launches private token standard for banks

Swiss blockchain startup Taurus has released what it describes as an open-source token standard for debt and equity transactions in a move designed to boost the digital assets market.

Wealth management startup Sidekick scoops £3.33 million in pre-seed funding

The UK investment and wealth management landscape is set to see a new challenger in the shape of Sidekick, a fintech startup co-founded by former Pariti founder Matthew Ford, which has raised £3.33 million in pre-seed funding ahead of a launch next year.

Auto defaults remain stable, as credit availability tightens

Following a month when the auto default rate remained steady, credit availability for new paper tightened. Those findings are among the latest observations from Cox Automotive, S&P Dow Jones Indices and Experian. Based on data through November for the S&P/Experian … [Read More]

Portfolio moves Griggs to board chair & hires new CEO

Portfolio made changes at the top of its leadership. On Wednesday, the provider of reinsurance and F&I programs announced the promotion of Brent Griggs from president and CEO to chairman of the company’s board of directors. Succeeding Griggs as CEO … [Read More]

Deutsche Bank conducts first euro transaction via blockchain

Deutsche Bank has carried out its first euro-denominated cross-border payment via Partior’s blockchain platform.

Consumers hit the gas on hybrids

Hybrid vehicle adoption is expected to increase exponentially as state and federal policy shifts pull back consumer incentives for pure…

Safe-Guard promotes longtime execs to be CFO and chief risk officer

Safe-Guard Products International promoted two professionals who have combined to be with the provider of third-party private label protection products for the automotive, RV, marine, and powersports industries for nearly 20 years. Appointed to be chief financial officer is Joe … [Read More]

Euronext makes €5.5bn indicative offer for Allfunds

Exchange operator Euronext has made an indicative offer to buy B2B wealthtech platform Allfunds for about €5.5 billion in cash and stock.

FDIC plans to strengthen custodial deposit rules following Synapse collapse

In the wake of the collapse of fintech Synapse, a US regulator has outlined plans to strengthen recordkeeping requirements for bank deposits received from third party companies on behalf of their customers.

Lloyds launches in-app barcode cash deposit scanning at PayPoint stores

Lloyds is the first major UK bank to launch a mobile app feature which allows cash to be paid in at over 30,000 PayPoint high street locations nationwide, using a simple barcode.

Wealth management app ikigai readies for launch

As it gears up for launch, London-based wealth management and banking app ikigai has enlisted the help of regtech platform TruNarrative.

Tariff implementation eroding consumer confidence & credit predictors

A fact sheet posted on the White House website late Wednesday connected with the administration imposing a 25% tariff on imports of automobiles and certain automobile parts contained this bullet point: a 2024 study on the effects of President Trump’s … [Read More]