ThetaRay partners Microsoft for GenAI financial crime detection suite
ThetaRay has integrated with Microsoft Azure OpenAI Service to develop a GenAI financial crime detection suite.
Virgin Money and TSB scolded over online security risks
Starling Bank and HSBC top the charts for online banking security acording to tests carried out by Red Maple Technologies on behalf of consumer champion Which?, while Virgin Money and TSB brought up the rear.
Viamericas raises $113.6m for remittance network
US-based remittance and international money transfer firm Viamericas has raised $113.6 million in a funding round led by Old National Bank.
Crunchbase declares historical data dead; relaunches as AI-powered predictions engine
Crunchbase is getting an AI-powered makeover, moving away from historical company data towards predictive intelligence that it says will help users forecast with unerring accuracy how private firms are set to grow, what their funding rounds will look like, and future acquisitions.
Citizens delivers open finance payment features and direct deposit tools
In an exclusive interview with Finextra, Chris Powell, head of deposits and customer engagement at Citizens, reveals how open finance has powered simpler switching and streamlined mobile payments.
Auto loan rates dip, tariff-driven inflation clouds outlook (Big Wheels)
Auto loan interest rates for both new and used vehicles declined year over year in March, but rising inflation, partly…
Coutts MD: Sustainability is about ‘unpeeling’ investment decision making
Mohammad Kamal Syed, managing director and head of investment management at Coutts & Co, tells Finextra Research of the ‘root and branch uplift’ in the firm’s investment decision making to address ESG goals.
RVIA lowers yearend shipment estimates
The RV Industry Association has lowered its expectations for yearend wholesale shipments given that high interest rates continued to hamper…
CFPB priority shift won’t absolve lenders
The latest shift in focus from the Consumer Federal Protection Bureau should prompt auto lenders to pay close attention to…
US jobless claims fell a fourth week during July 4 holiday
Applications for US unemployment benefits fell for a fourth week to the lowest in two months during a period that…
Truist’s auto book shrinks in shift away from low returns
Truist continued to move away from lower-margin business lines, contributing to a decline in its auto portfolio in the fourth…
Indonesia’s Amar Bank taps Google Cloud for launch of smart phone bank
Indonesia’s Amar Bank has launched an app-only banking offshoot housed entirely in Google Cloud.
PayPal offers 3.7% yield on stablecoin balances
PayPal is bidding to encourage uptake of its stablecoin by offering US users an annual rewards rate of 3.7% on their holdings.
Sustainable development goals take G20 TechSprint centre stage
The Bank for International Settlements (BIS) and the Banco Central do Brasil have put sustainable finance at the centre of the latest G20 TechSprint hackathon competition.
Klarna set to revive IPO
After pausing plans for its US initial public offering amid market turbulence in the spring, Klarna will restart the process next month, according to Reuters.