Powell flags rising risks to jobs while avoiding rate-cut timing
Federal Reserve Chair Jerome Powell said officials are increasingly wary of potential risks to the labor market from high borrowing…
F&I Sentinel welcomes Zucco to leadership team
According to a news release distributed this week, Scott Zucco joined F&I Sentinel as vice president of sales, in a move effective Jan. 3. The automotive compliance and regulatory risk mitigation solutions provider highlighted Zucco is “an accomplished sales professional … [Read More]
Hyundai, Kia face $5 billion hit from US-Korea auto tariff deal
Hyundai Motor Co. and affiliate Kia Corp. could face as much as $5 billion in additional costs this year under…
ECB ready to penalise UniCredit for continuing business in Russia – Reuters
The European Central Bank (ECB) is ready to impose sanctions on Italy’s UniCredit as the bank continues to participate in business with Russia.
First Direct tops the charts for customer experience
First Direct and Nationwide top the UK’s first retail banking customer experience (CX) index, created by data analysis and consulting firm Kantar
Generative AI governance targeted in proposed EU rules
The EU’s AI Act has been pushed through to the trilogue stage after nearly two years of drafting. The draft includes requirements for generative AI tools, like ChatGPT, to disclose the copyrighted material used in developing their programmes.
Tesla braces for ‘rough’ quarters as US ends EV incentives
Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first…
EC and CFPB meet on consumer risks from AI and BNPL
US and European officials have begun an “informal dialogue” on consumer financial protection issues, focusing on the rise of Big Tech in payments; the use of AI in lending; and the emergence of buy now, pay later.
Westlake offering free trial of DealerCenter amid cyberattacks
Westlake Financial Services is offering dealers a free trial to use dealer management system DealerCenter to continue operations after consecutive…
Bank of Israel investigates anonymous digital shekel payments
The Bank of Israel has been experimenting with technology that would allow some CBDC payments to be made anonymously.
New blockchain utility claims to cut 80-90% of MiFID costs
A new blockchain-based reporting platform set to launch later this year has vowed to cut 80-90% of asset managers’ regulatory reporting costs once it goes live later this year.
Robinhood co-founder steps down
Baiju Bhatt, the co-founder and chief creative officer of online stock trading firm Robinhood, has resigned from the company to “pursue other entrepreneurial interests”.
Asset-backed debt sales top $313 Billion, beating post-financial crisis record
Sales of debt backed by everything from auto loans to airplane leases to Subway franchise fees have hit their highest…
Up Bank launches BNPL alternative, Maybuy
Australian neobank Up Bank, has launched savings service Maybuy. Maybuy is designed as an alternative to Buy Now Pay Later (BNPL) products which have become increasingly popular in recent years.
Entrust opens talks to take over Onfido
Entrust, a provider of security services for payment cards, passwords and access controls, has confirmed that it has entered exclusive negotiations to acquire ID verification outfit Onfido.