BNP Paribas and BPCE announce strategic payments partnership
The banking groups have publicised plans to jointly acquire payments processing technology for card holders and merchants.
KfW to issue blockchain-based digital bond
German bank KfW is preparing to issue its first blockchain-based digital bond in the form of a crypto security in accordance with the German Electronic Securities Act (eWpG).
Experian sees affordability improve slightly in Q3
Perhaps the affordability hurdle that’s been a challenge throughout the year for dealerships and finance companies to get deals done with consumers is starting to fade. According to Experian’s State of the Automotive Finance Market Report that contained third quarter … [Read More]
India to introduce exclusive domains for banks
India is rolling out new domains for banks and other financial services providers in an effort to tackle cybercrime.
Santander survey uncovers more positive impact of auto financing & future prospects
The newest research by Santander Holdings USA reinforced a long-held belief by auto finance companies, especially ones that work with consumers who might not be the wealthiest or have softer credit backgrounds: Access to a vehicle remains essential to financial … [Read More]
Q3 auto outstandings rise 0.9% year over year (Big Wheels)
Industrywide auto outstandings increased year over year and sequentially in the third quarter, but growth is slower compared with previous…
BofA granted hundreds of patents
Bank of America scored a record 341 US patents in the first half of 2022, a 50% year-on-year increase, with information security and AI seeing the most action.
JPMorgan taps young talent through Code for Good Challenge
JPMorgan Chase is to get a good look at the next generation of software geeks emerging from US colleges by launching a ‘Code for Good’ challenge at its offices across the US.
Senate strikes One Big Beautiful Bill’s attempt to cut CFPB funding to 0%, AFSA says
The U.S. Senate reportedly slashed the provision to drop the Consumer Financial Protection Bureau’s funding to 0% from 12% in…
Rivian Q4 deliveries up 1.5%
EV manufacturer Rivian’s deliveries ramped up in the fourth quarter, contributing to a jump in revenue. The Irvine, Calif.-based company…
Wise US relisting plan faces pushback from co-founder and proxy advisers
Wise’s plan to move its primary listing to the US is drawing fire from co-founder Taavet Hinrikus and proxy advisory firms because the vote on the move will also ask shareholders to greenlight an extension of the money transfer company’s dual-class share structure.
EBAday 2025: What is the implementation feasibility of VoP and instant payments?
At EBAday 2025, two expert panels explored the challenges of Verification of Payee and fraud prevention, as well as how growing volumes of instant and real-time payment systems impact PSPs and their customers.
FS giants prep for cyber defence exercise
The Financial Services Information Sharing and Analysis Center (FS-ISAC) has brought together nearly 30 financial firms for a Nato live-fire cyber defence exercise.
Eloquent AI raises $7.4m to automate FS customer support
Eloquent AI, a startup focused on customer support automation for financial services, has launched its AI Operator platform and closed a $7.4 million seed round.
Smart lending fintech Abound raises £500 million
Abound, a UK-based fintech that uses a combination of open banking and artifical intelligence to offer better loan deals to consumers, has raised £500 million in a mixture of debt and equity finance.