Enova, an American lending company, has announced its agreement to acquire Grasshopper Bancorp, including its subsidiary Grasshopper Bank, for $369 million.
Standard Chartered has formed a joint venture partnership with Animoca Brands and HKT to issue a Hong Kong dollar-backed stablecoin.
Nomura’s Laser Digital and fintech hub the WebN group are set to launch Libre, a tokenization platform for the asset management industry.
Former UK government minister Gavin Williamson has been cleared to take up a position on the advisory board of fintech Lanistar. Separately, the startup, which has previously found itself in hot water with the FCA, has ended its Electronic Money Directive (EMD) agent relationship with Modulr.
Elevated interest rates contributed to a competitive landscape that prompted some banks to slow auto lending activity in the fourth…
86 400, an Australian banking startup led by a host of industry heavyweights, has inked a deal with open source API specialists Open Bank Project.
The Consumer Financial Protection Bureau is withdrawing from a lawsuit against subprime lender Credit Acceptance Corp. that it filed alongside…
BBVA is deepening its relationship with Google Cloud through the deployment of Google Workspace with Gemini, as part of the global bank’s AI adoption strategy.
Royal Bank of Canada has teamed with AI vendor Cohere to co-develop a security and data privacy application using generative AI.
A wave of new digital tools will complement, not replace, finacial advisors, according to senior Credit Suisse exec Marco Abele, who says it’s not yet time to worry about the rise of the robo-advisors.
Nearly three quarters of bank IT executives think that moving to the cloud will help their firms achieve their business priorities, according to a report from the Economist Intelligence Unit.
U.S. Bank continued to scale back auto lending during the fourth quarter due to market competition and lower return levels. …