BNP Paribas is to acquire a 22.5% stake in wealth mangement technology company Allfunds as part of an alliance to build a new fund distribution platform.
Thailand’s central bank has teamed up with IBM to launch the world’s first blockchain-based platform for government savings bonds, issuing a total of $1.6 billion within two weeks.
Singapore’s DBS Bank claims to have launched the largest bank API developer platform in the world.
A growing share of US consumers say they’re not seeking loans because they expect to be refused amid tight credit…
The European Central Bank says it could launch a digital euro pilot in 2027 ahead of a 2029 launch for the CBDC.
US payments giant Stripe is bidding to build on its momentum in Asia with a host of new AI features to support cross-border commerce in the region.
In Ken Booth’s more than 20 years at Credit Acceptance Corp., he has focused on technology enhancements, portfolio growth, and…
In Frankfurt, Finextra’s own managing director Gary Wright led a conversation on how modernisation and innovation is reshaping the industry.
Asbury Automotive and Penske Automotive’s finance and insurance profits tumbled in the second quarter as sales were mixed and dealerships…
Nasdaq is to migrate its North American markets to Amazon Cloud, beginning next year with options mart MRX.
Revolut has been granted a trading licence by the Financial Conduct Authority, paving the way for the fintech to start offering UK-listed stocks.
JPMorganChase is launching the largest fraud and scam prevention initiative in the bank’s history, including components related to consumer education, prevention, awareness and continuing investments in technology to reduce scam attacks.
The US arm of Industrial and Commercial Bank of China was hit by a ransomware attack on Thursday, forcing clients to reroute some trades.
Deutsche Bank has taken a minority stake in Qplix as part of a cooperation agreement with the Munich-based wealth management software firm.