£1.5m Open Banking challenge finalists named
The UK’s Open Up 2020 Challenge has named the 15 fintech firm finalists to each receive £50,000 to help unlock the power of open banking.
Credit conditions & consumer confidence moving in opposite directions
Credit conditions are improving, but consumer confidence is sagging. Those are the primary assertions from S&P Global Ratings and the Conference Board from their newest insights released this week. S&P Global Ratings said credit conditions for borrowers in North America … [Read More]
Sibos: GenAI will be more impactful than ecommerce and the internet, says panel
“There have been many fundamental shifts in the IT space, such as the internet and the ecommerce revolution. This is the biggest one,” warned Dorian Selz, CEO and co-founder of Squirro, at Sibos today. “Leadership in companies needs to be on top of this revolution.”
Money 20/20 Asia: Confronting the open banking monster
Money 20/20 Asia day two kicked off with a discussion on open banking and how regulatory mandates and open API guidelines are driving this initiative in this region. With Asia learning lessons from early adopters in Europe, panel sessions highlighted what the challenges are for banks and regulators.
BIS and central banks test post-quantum cryptography in payments
The Bank for International Settlements in tandem with Swift and central banks from Italy, France and Germany has uncovered key challenges facing the financial system to ensure resilience in a post-quantum world.
Auto finance fraud up 16.5% to record $9.2B
Auto fraud exposure hit a record high in 2024, spurred by affordability challenges and increasingly sophisticated fraud tactics. Auto lenders’…
PitchBook: AI disruption rises, VC optimism cools in H1 2025
The latest PitchBook survey finds that venture capital investors are making “strategic adjustments as they navigate geopolitical uncertainty and technological transition.”
NatWest selects first five startups for Fintech Growth programme
NatWest has selected five startups to take part in its first ‘Fintech Growth’ programme.
Bitwise makes European play with ETC Group acquisition
US crypto index fund manager Bitwise Asset Management has expanded into Europe through the acquisition of London-based crypto exchange-traded product issuer ETC Group. Financial terms were not disclosed.
Ga. woman sentenced to more than 18 years in federal prison for complex fraud scheme
Federal authorities secured at least one conviction of an individual orchestrating a complex fraud scheme that could have impacted your dealership or finance company. According to a news release from the U.S. Attorney’s Office for district of South Carolina, Quinae … [Read More]
Tricolor interest payouts clawed back from bondholder accounts
Some Tricolor Holdings asset-backed bond holders who received interest payments last week have seen those funds clawed back in recent…
Mastercard adds crypto, open banking and ESG consulting services
Mastercard is expanding its consulting services with new practices dedicated to open banking, open data, crypto and digital currencies, and ESG.
June views of credit performance & defaults continue seasonal moves
It might ease concerns from finance companies to see watchers of credit performance and defaults observe seasonal movements, according to the newest updates released this week. The auto portion of the S&P/Experian Consumer Credit Default Indices generated just a 1 … [Read More]
Live: FusionONE 2019 – day two
Welcome to Finextra’s live coverage of FusionONE 2019. The second day of the conference will tackle issues that concern the developers before breaking into streams, focusing on different products.
Wells Fargo partners SigFig on robo-advisor service
Wells Fargo is working with San Francisco-based wealth management technology startup SigFig on a digital advisory service that the bank will begin piloting next year.