CFPB to cut financial firm supervision, curb fintech focus
America’s top consumer financial watchdog has spelled out its priorities under the Donald Trump era, including a dramatic cut to…
Mondo releases secret API; runs hackathon
Digital banking startup Mondo is calling on third-party developers to participate in a two-day hackathon in London as it unveils an early iteration of its Application Programming Interface (API).
Resolvion appoints Thomas as CEO
Resolvion has a new CEO and it’s someone who finance companies and repossession agents likely know from his most recent role. The provider of repossession management solutions announced this week the appointment of Mike Thomas as CEO. From 2015 to … [Read More]
TransUnion spots 2 possible upbeat trends from Q2
Perhaps two trends from the auto segment of the Q2 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion might calm finance companies on the risk front. TransUnion reported the average amounts financed for new vehicles have stabilized year-over-year, while … [Read More]
Honda-Nissan deal thrown into doubt weeks after talks began
Honda Motor Co. and Nissan Motor Co. called into question an agreement reached less than two months ago to consider…
Ant Group launches AI-powered ‘life assistant’ app
Ant Group has launched a new ‘life assistant’ app, Zhixiaobao, connecting users to a multitude of AI-agents trained for shopping, fitness and language learning.
Aussie banks hit by internet outages
ANZ, CommBank and Westpac all faced issues with their online banking services on Thursday thanks to a problem with a DDoS mitigation tool run by cloud services provider Akamai.
FIS buys account origination tech provider Amount
FIS has acquired Chicago-based digital banking origination and decisioning technology provider Amount. Financial terms were not disclosed.
PODCAST: Why ‘rehashing the deal’ remains valuable F&I tool
Becky Chernek of Chernek Consulting appeared on the Auto Remarketing Podcast for her monthly visit to discuss F&I strategy. During this episode, Chernek explained why “rehashing the deal” can be a valuable process that can help dealerships, finance companies and … [Read More]
Fed holds rates steady, pausing for further inflation progress
Federal Reserve Chair Jerome Powell said officials are not in a rush to lower interest rates, adding the central bank…
ICBC pays ransom after US hack
The US arm of Industrial and Commercial Bank of China has reportedly paid a ransom to restore its systems after a hack attack last week that disrupted trading in US Treasuries.
SEC creates Cyber and Emerging Technologies Unit
The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.
Mastercard unveils A2A Protect in the UK
Mastercard is rolling out A2A Protect in the UK, a new service designed to help banks protect consumers from account-to-account payment fraud and resolve disputes.
JPMorgan hires ex-PayPal exec as CTO – Reuters
JPMorgan Chase has appointed former PayPal executive Sri Shivananda as chief technology officer, according to Reuters.
TransBnk secures $25 million in funding from Bessemer Venture Partners – Techcrunch
Combined with this most recent funding, TransBnk has raised around $26 million in total, increasing its valuation seven times according to the Indian startup’s leadership team.