HSBC trials quantum protection for AI-powered FX trading
HSBC has piloted the use of quantum key encryption to protect client FX trading data from the threat of increasingly powerful cyber attacks.
Inside Autonomy’s $25M funding, expansion plans
Electric vehicle subscription company Autonomy will double the size of its fleet and expand beyond Tesla vehicles after securing a $25 million investment. The…
HSBC and BNY Mellon early adopters for Quantexa GenAI suite
HSBC and BNY Mellon are among the early adopter programme participants for Quantexa’s Q Assist context aware generative AI technology suite.
BIS Innovation Hub launches new prototype CBDC
Tourbillon is a new project which aims to explore how to improve cyber resiliency, scalability, and privacy as a prototype CBDC. The project has been launched by BIS Innovation Hub’s Swiss Centre.
Big Wheels: Auto finance industry improves in March
The auto finance sector continued a positive trajectory in February and March after a notable decrease in auto loan rejection…
Former Simple exec joins BBVA as head of Open API
Shamir Karkal, a former co-founder and CFO of Simple, has joined the neobank’s parent company BBVA in a newly-created role as head of Open API.
APCO Holdings recaps finalizations of 4 acquisitions
It’s been a busy year on the acquisition front for APCO Holdings. On Monday, the provider and administrator of automotive F&I products and home to the EasyCare, National Auto Care, GWC Warranty and MemberCare brands recapped that it has completed … [Read More]
Renault CEO’s resignation throws fragile turnaround into doubt
Renault SA’s impending loss of Chief Executive Officer Luca de Meo calls into question the French carmaker’s recovery, with the…
NextGear Capital reaches multiple milestones associated with audit transformation
Saying “it’s by no means the finish line,” NextGear Capital recently hit notable numbers in its service as an inventory finance company for independent dealers. On Tuesday, the company said it surpassed 50% adoption of its self-audit feature in its … [Read More]
Agora Data hires Pratt as VP of sales strategy
Agora Data said through a post on LinkedIn that the fintech innovator of advanced capital solutions in subprime and non-prime consumer finance has hired Wendy Pratt as its new vice president of sales strategy. “Wendy is an experienced and recognized … [Read More]
CommBank halves customer scam losses
Australia’s Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.
FCA finalises access to cash rules
Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules from the Financial Conduct Authority (FCA).
Fed’s Powell says strong labor market depends on price stability
Federal Reserve Chair Jerome Powell again stressed the central bank must ensure tariffs don’t trigger a more persistent rise in…
Australian startup Stables to issue USDC to fiat Mastercard
Australian stablecoin startup Stables is to issue a Marqeta-powered Mastercard for USDC to fiat currency conversion at merchant checkouts, both instore and online.
Capital One suspect indicted
Seattle-based software engineer Paige Thompson faces up to 25 years in prison after being indicted on two counts related to the Capital One data breach that affected 106 million customers.