Lendbuzz streamlines approvals with AI
AI-driven auto lender Lendbuzz is using AI to streamline loan approvals for borrowers with thin to no credit. The Boston-based…
FTC sees swell of fraudsters impersonating agency officials
The latest spike in fraud spotted by the Federal Trade Commission caught the agency’s attention for a notable reason. The FTC issued a warning that scammers are pretending to be affiliated with the regulator to steal consumers’ money. The FTC … [Read More]
Capital One auto originations surge 53%
Capital One Auto Finance’s originations surged year over year in the fourth quarter of 2024 as auto delinquencies improved. Auto…
Used-vehicle values climb 1% (Big Wheels)
Used-vehicle values are climbing as demand is rising throughout the industry. Sales, however, are mixed. The Exponential Used Vehicle Index, measuring wholesale…
Temenos opens up the box with GenAI co-pilot
Temenos has launched a GenAI co-pilot for its retail banking core product, enabling banks to test and launch new products faster.
Goldman Sachs enlists startup for quantum computing push
Wall Street giant Goldman Sachs is teaming up with Silicon Valley startup QC Ware to investigate the use of quantum algorithms in finance.
Mentorship spurs DEI promotion, retention
For auto finance companies looking to achieve workplace diversity, mentorship programs can be a catalyst for increasing diversity in leadership…
Emirates NBD’s Deniz Ventures, Rasmal Ventures provide Mena securitisation innovation $7.6m boost
The world’s first AI-powered securitisation platform, TeamSec, aims to transform the structured finance industry through a securitisation-as-a-service platform.
TTV Capital raises $250 million for early-stage fintech fund
Atlanta-based TTV Capital, an early-stage fintech venture capital firm, has closed its sixth fund at $250 million, the largest since the firm was founded over two decades ago.
UK’s Paymentsense scores Irish e-money licence
UK-based PaymentSense is entering the Irish market under the Dojo trading name after securing an e-money licence from the country’s central bank.
Fed’s preferred inflation gauges cool, reinforcing rate-cut tilt
The Federal Reserve’s preferred gauge of underlying inflation barely rose in November and trailed policymakers’ 2% target by one measure,…
LSEG plans new blockchain-powered marketplace
The London Stock Exchange is drawing up plans for a new digital marketplace that would be built on blockchain technology.
FCA fines Macquarie Bank for fictitious trades
The FCA has fined the London branch of Macquarie Bank £13 million for “serious failings” that allowed one of its employees to record over 400 fictitious trades.
FNZ acquires South African wealth administrator Silica
FNZ is to expand the accessibility of wealth management services in the South African market with the acquisition of third party administrator Silica.
JP Morgan rebrands Onyx to Kinexys for blockchain charge
JP Morgan has rebranded its Onyx blockchain unit as Kinexys by JP Morgan as the banking giant prepares to bring the technology into mainstream financial services.