Visa to buy UK fraud fighting tech provider Featurespace
Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.
Financial Cloud Summit 2024 sneak peek: Finextra’s Niamh Curran
As we’re heading towards the second annual Financial Cloud Summit on March 7th, 2024 at King’s Place in London, Finextra is interviewing industry experts who will be attending and speaking at this year’s conference.
U.S. Bank names Gunjan Kedia CEO
U.S. Bank has named Gunjan Kedia chief executive, effective April 15. Kedia will succeed CEO Andy Cecere, who will serve as executive chairman and…
After Fed rate cut, Powell says jobs market no longer very solid
Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this…
European Court of Auditors flags concerns over EU price interventions in card market
The European Court of Auditors has raised concerns over how the EU goes about price interventions in the card market and its approach to open banking data sharing.
Thought Machine launches cards and payments processing platform
UK core banking vendor Thought Machine has launched a cloud-native cards and payments processing platform.
Citi taps ex-JP Morgan exec for tech role
Citi has named former JP Morgan executive Pankaj Goel as the co-lead of its technology investment banking team.
AutoPayPlus finalizes endorsement deal with PGA Tour pro
Many deals and relationships are forged on the golf course, and AutoPayPlus likely is looking to have the same thing happen via its latest marketing endeavoer. The provider of automated biweekly and early payoff services for automotive, RV, boat, home … [Read More]
Starling rolls out AI-based ‘Spending Intelligence’ tool
Starling Bank is putting Generative AI into the hands of its customers with the roll out of a new ‘Spending Intelligence’ Large Language Model that customers can interrogate to get insights into their spending habits.
Podcast: Incentives pick up, dealers eye LTV requirements
Affordability, credit performance, leasing and digital innovation have been top of mind for auto lenders in 2024. Car shoppers saw…
Tariffs pose risk to stabilizing auto market, experts say
The shares of many of the world’s largest automakers fell today after tariff negotiations executed by President Donald Trump fueled…
Deutsche Bank to spend €13bn on tech amid massive job cuts
Deutsche Bank has announced swingeing job cuts as part of a radical overhaul of its operations that will also see it spend €13bn on new technology over the next four years.
Moov raises $5.5m for open source banking platform
Moov Financial, the US startup behind an open source embedded banking platform, has raised $5.5 million in a seed funding round led by Bain Capital Ventures.
Industry groups call on SEC to ditch cyber disclosure rule
A coalition of US financial trade associations are calling on the Securities and Exchange Commission to rescind its cyber incident disclosure rule, claiming that it endangers victims.
Customer loses £60,000 to criminal posing as Santander’s head of fraud
A customer of Santander Bank had £60,000 scammed from her account after transferrring funds to a criminal impersonating the bank’s head of fraud, Chris Ainsley.