US average FICO score holds steady after first-in-decade fall
The average consumer credit score in the US has steadied after its first slip in a decade. The national average…
Starling eyes NYSE listing
UK-based challenger bank Starling is considering listing on the New York Stock Exchange as part of its US expansion plans.
US Justice Department uncovers $1.89 billion cryptocurrency fraud scheme
The Justice Department has charged two individuals and accepted the guilty plea of a third for orchestrating a massive $1.89 billion cryptocurrency fraud scheme.
Deutsche Bank applies for digital asset licence
Deutsche Bank has become the latest investment bank to announce its push into the crypto custody market.
Industrywide originations rise 1.6% YoY
Auto loan originations rose modestly in the third quarter as the industry stabilizes, with stronger growth expected in 2025. Auto…
Theia Insights raises $6.5m to bring AI to investment community
A former Amazon Alexa scientist has raised $6.5 million for a startup vowing to bring foundational AI to the global investment community.
Sibos 2022: Open banking in the UK – it’s high time for a review
In the lead up to Sibos 2022, Finextra spoke to Dan Globerson, head of Bank of APIs at NatWest, to explore how he is leading the bank’s regulatory commitments in the UK and Europe, driving a culture of API enablement, and collaborating across the industry by establishing standards.
Under the Hood: Dealer markup probe may hamstring UK market
An expansive investigation into U.K. auto finance practices dating back to 2007 could stymie market growth across the pond for…
Cumbuca launches to help international firms enter Brazilian payments market
Y Combinator startup Cumbuca has launched as the first proxy for Brazil’s regulated payments ecosystem, offering international firms the opportunity to use its license to enter the lucrative market.
IBM launches digital asset platform
IBM has launched a platform for financial institutions, governments, and corporations to securely manage and scale their digital asset operations.
Lucid Motors’ CEO steps down amid planned production increase
Peter Rawlinson has stepped down as Lucid Motors’ chief executive as the EV automaker plans to double production in 2025. …
Clim8 closes £2.85 million crowdfund campaign
Sustainable investment app Clim8 has closed its latests crowdfunding campaign on Crowdcube, hitting £2.85 million from 1800 investors.
Bank profits face $170bn hit from AI – McKinsey
Failure to adapt to consumers’ increased use of AI could see banks lose as much $170bn, according to a report from McKinsey.
US Bank launches spend management platform for business owners
US Bank has unveiled a spend management platform to help businesses monitor, track, and control their card-based spending.
Tesla lease portfolio down 12% year over year
Tesla Finance’s lease penetration and lease portfolio shrank on a year-over-year basis in the third quarter as deliveries rose. Sales…