Stellantis CFO Doug Ostermann will also lead Stellantis Financial Services
Stellantis named Doug Ostermann as head of Stellantis Financial Services, according to a LinkedIn post he shared Aug. 1. This…
UK fintech Tide reaches unicorn status
A $120m investment led by asset manager TPG has seen the valuation of Tide, the UK-based business management platform, reach $1.5bn
UK’s high street banks see profits fall as online rivals gain ground
High street banks in the UK have seen their profits drop in 2024 as customers opt for alternative lenders and online banks offering both higher savings rates and more digital services.
UK companies backsliding on sanctions screening
UK companies are failing to keep up with the requirements for sanction-screening prospective clients despite the high level of global geopolitical unrest, according to a recently published survey.
FIS vows to help community banks set up digital units in 90 days
Fintech behemoth FIS has unveiled a tech package it promises will help US community banks and credit unions roll out standalone digital banks in just 90 days.
Starling revaluation jump starts shares in Chrysalis
Shares in growth capital fund Chrysalis jumped by 10% on a significantly upgraded valuation of portfolio company Starling Bank.
HDFS transaction expected to close in Q3
A transaction involving Harley-Davidson’s financial arm, Harley-Davidson Financial Services, is expected to close in the third quarter, according to a…
Organizations upbeat about auto refinancing outlook
While the Federal Reserve hasn’t lowered interest rates yet this year, institutions that participate in auto refinancing are upbeat about the volume they could generate in the coming months. Two examples of the bullish perspective recently came from iLending and … [Read More]
Financial trade groups call on Basel Committee to rethink crypto exposure standards
A coalition of global finance trade associations has called on the Basel Committee on Banking Supervision (BCBS) to make changes to its “excessively conservative and overly punitive” upcoming Cryptoasset Exposures Standard.
Lloyds seeks out startups for ‘Launch Innovation’ programme
Lloyds Banking Group is opening applications for this year’s ‘Launch Innovation’ programme to discover potential business partnerships.
Troubled EV maker Fisker said to be in talks with Nissan
Fisker Inc. is in talks with Japan’s Nissan Motor Co., people familiar with the matter said Friday, as the electric…
Mastercard opens developer gateway
Mastercard is opening up to developers through the launch of a single gateway to a host of Application Programming Interfaces (APIs) covering payments, data, security and ‘new and experimental’ areas such as virtual reality.
ID.me hits $2bn valuation on funding to tackle AI fraud
Digital identity wallet ID.me has hit a $2 billion valuation after raising $340 million across a funding round, combined with a credit facility.
Liberis builds AI underwriting agent
Embedded business finance platform Liberis has launched a proprietary AI underwriting agent built to boost accuracy and slash decision times.
Regtech Salv raises €4m
Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.