Standard Chartered hails “pivotal moment” with launch of digital asset custody service in UAE
Standard Chartered has launched a digital asset custody service in the UAE.
Wearable UK tipping app launches
UK startup thankyü has unveiled an app that lets customers tip hospitality staffers with a tap of their phone against a wearable tipping band.
BofA invests in iCapital
Bank of America has built on its partnership with iCapital Network by making a strategic investment in the alternative investment platform.
JP Morgan, Morningstar and Broadridge invest in Tifin
The Tifin Group, an umbrella group operating a host of fintech companies in the asset and wealth management industry, has raised $22.3 million in a Series B funding round joined by JP Morgan Asset Management, Morningstar and Broadridge.
CFTC reiterates support for crypto asset trading facilitation in US
While this news primarily reiterates existing policy, the reminder signals that the CFTC is increasingly receptive to offshore exchanges that operate in jurisdictions that the US considers as having ‘credible’ regulatory frameworks.
Used-EV values up 1% ahead of tax credit expiration (Big Wheels)
Used-EV values have climbed as the federal tax credit expiration date approaches, creating uncertainty around demand. The Exponential Used Electric…
Portugal’s fintech sector passes €1bn milestone
Funding for Portuguese fintechs has exceeded the €1bn mark for the first time.
Car-purchasing plans rise in August amid Fed turmoil & slightly sagging consumer confidence
With turmoil at the Federal Reserve getting as intense as ever, perhaps dealerships and finance companies can focus on one part of the newest Consumer Confidence Index from the Conference Board. While the overall reading and other parts of the … [Read More]
Goldman Sachs leads $50m round for Striim
Goldman Sachs Growth Equity has led a $50 million Series C funding round for Striim, the firm behind a platform that helps businesses move data in real-time to the cloud.
Australian banks roll out raft of scam protection measures
The Australian banking industry is ushering in a raft of reforms to keep customers safe from scammers, including a $100 million investment to build a new Confirmation of Payee system.
Intesa Sanpaolo buys bitcoin
Italian bank Intesa Sanpaolo has made its first cryptocurrency purchase, buying 1 million euros worth of bitcoin.
AFSA asks NH officials to delay major changes to auto financing processes
This week, the American Financial Services Association followed up on its letter to New Hampshire Banking Commission with a petition to state officials asking for a delay of major restructuring of documents associated with the financing and retailing of vehicles … [Read More]
PODCAST: More insight into near- & non-prime financing with Open Lending
Just before last month’s Vehicle Finance Conference hosted by the American Financial Services Association, Open Lending released initial findings from its newest study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers. Open Lending senior vice president … [Read More]
Ford joins Harley in scaling back DEI policies amid backlash
Ford Motor Co. told employees it would modify its diversity, equity and inclusion initiatives and end participation in a notable…
As rates stay unchanged, headwinds build against auto retailers & financiers
In what economists said was “universally expected,” the Federal Reserve left the federal funds target rate unchanged on Wednesday. The Federal Open Market Committee (FOMC) kept that rate at a range of 4.25% to 4.50% and reiterated a deliberate approach … [Read More]