Report calls for more support for female founded fintechs
UK startups outside of London should have more than one founder, ensure gender diversity and join an accelerator, according to the findings of a recently published report.
Binance exec escapes Nigerian custody
A Binance executive detained by Nigerian authorities last month has escaped, according to local media reports. Meanwhile, the West African country has charged the cryptocurrency exchange with a host of tax evasion charges.
US consumers hit the brakes while goods imports sink by a record
US consumers hit the brakes in April while goods imports plummeted by a record as companies adjusted to higher tariffs….
AI risk management tool secures $20m fund raise
Blackbird AI, which develops AI-driven narratives for risk management, has raised $20m in a series B funding round.
Goldman mulls industry-specific financial cloud
Goldman Sachs is weighing the potential to build an external cloud platform for use by other financial institutions, according to a memo seen by Yahoo Finance.
BBVA lets customers use Apple AI to create their own card designs
BBVA and Visa are letting customers use their iPhones’ AI-powered Image Playground feature to personalise their payment cards.
Schroders buys stake in digital assets firm
Global asset manager Schroders has acquired a minority share in Forteus, an asset manager focused on blockchain and digital assets.
Franklin Templeton targets millennials with digital WM platform
Global asset manager Franklin Templeton has set its sights on penetrating the millennial investment market by recruiting a fintech from the gaming sector to help it build a digital wealth management platform.
Dark web study reveals Brits are Europe’s biggest card fraud victims
Research into a dark web database of six million global card details showed only America and India had more payment data stolen than the UK.
Keep raises C$33m to build Canada’s Brex
Keep, an all-in-one financial platform for small businesses, has emerged from stealth with C$33 million in equity financing to build a Canadian Brex.
Editor’s pick: Top features of 2023
Auto lenders may have slowed loan production in 2023, but they were busy. From fighting new forms of fraud to…
Carvana’s 9,000% rally faces profit test as used-car woes mount
The used-car industry isn’t exactly on firm footing, going by recent events. A major lender went bust just before a…
Latest TransUnion study examines new-to-credit consumers
Perhaps those new-to-credit consumers — individuals early in their credit journeys — might be some of the best applicants to land in your finance company’s underwriting department. The main finding from a newly released TransUnion global study showed new-to-credit consumers … [Read More]
Visa unveils agentic commerce and stablecoin plays
Visa has unveiled its plans for two of the next big things in payments: agentic commerce and stablecoins.
Finance companies facing ‘tough’ credit conditions, too
Dealertrack regularly watches what conditions are like for consumers to obtain auto financing; a landscape that’s been tightening in recent months.
What about the credit environment for finance companies to get the resources they need to book originations? Especially in the non-prime and subprime spaces?
While perhaps an interest rate reprieve is arriving sometime this year, Kyle Birch, who is president of North America operations at GM Financial, described the rough sledding the industry is experiencing … [Read More]