US Judge throws out CFPB’s cap on credit card late fees
A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.
ING invests in EIT InnoEnergy
ING has acquired a stake in EIT InnoEnergy, an EU-backed climate and renewable energy tech investor.
Sibos 2019: Cloud, AI and privacy are the building blocks of a new digital world
How does an organisation decide if cloud and AI is right for them? This question was hotly debated at Sibos 2019 in London and discussions were also had around how IT leaders need to constantly assess the benefits of the cloud and AI in the context of the businesses they serve.
Open banking – an open shop but empty shelves
Banks that are struggling to harness the potentials of open banking can be compared to opening a shop and neglecting to fill it with any products that people want to buy, according to ABN Amro’s lead product owner.
Millennials eye return to vehicle market
Consumers looking to purchase a vehicle in 2025 are likely to apply for credit, prompting lenders to review market trends….
Ripple to acquire prime brokerage Hiddden Road for $1.25 billion
Ripple is to acquire crypo-friendly prime brokerage Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space.
Swiss AI firm Unique raises €30m in series A funding
Unique, a Switzerland-based startup providing AI platforms to the financial services market, has secured €28.6 in funding.
Beeks Financial Cloud buys Velocimetrics
Beeks Financial Cloud Group has acquired network monitoring and trade analytics software firm Velocimetrics for a base consideration of £1.3 million in cash and equity, plus contingent earn-out.
Miller & Cleveland are now co-CEOs of ComplyAuto
Brad Miller joined ComplyAuto a little more than a year ago after being with the National Automobile Dealers Association. Now, Miller is co-CEO of the regulatory compliance firm developed “for dealers, by dealers.” ComplyAuto announced Miller has been appointed co-CEO, … [Read More]
Sustainable Finance Live 2024: UK Foreign Secretary pledges to prioritise nature and climate finance
In a speech at Kew Gardens on Monday, UK Foreign Secretary David Lammy spoke on how the UK government will be realigning its priorities to commit to green initiatives and combatting climate change.
Protective Asset Protection launches hybrid solution that combines benefits of reinsurance and dealer-owned warranty companies
Protective Asset Protection unveiled another wealth-building program option for dealerships on Thursday. Called the Protective DOWC Re Program, the company highlighted this solution merges the best of traditional reinsurance with the benefits of a Protective dealer-owned warranty company (DOWC), giving … [Read More]
Morgan Stanley invests in 3forge
Morgan Stanley has made a strategic investment in 3Forge, a provider of code platforms for building mission-critical applications in financial services.
Fed officials hold rates again, still see two cuts by year end
Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over…
UK finance industry faces urgent skills crisis
Urgent action is needed to tackle a skills and talent crisis in UK financial services, according to an independent review commissioned by HM Revenue which warns the industry is in for a bumpy ride in the face of the technological revolution and Brexit.
Schroders explores digital asset fund in Singapore
Global asset manager Schroders has teamed up with the Monetary Authority of Singapore (MAS) to develop a tokenised digital asset fund.