Vehicle Inventory Index ticks up to 115 in May (Big Wheels)
Auto inventories may be normalizing after a pre-tariff sales surge drove available units down in the spring. The Big Wheels…
Asset managers fear disruption as digital technology comes of age
Typically sluggish adopters of new technology, asset managers are slowly waking up to the threats posed by the emergence of faster and cheaper digital rivals, with fully 80% of industry participants expecting significant disruption in the industry over the next ten years.
Coinbase says SEC has agreed to drop enforcement case
Coinbase is claiming victory in its long-running tussle with the Securities Exchange Commission, stating that the regulator has agreed to drop its enforcement case against the crypto firm.
Marlin makes majority stake investment in Napier AI
Marlin Equity Partners has taken a majority stake in UK financial crime RegTech Napier AI. Terms were not disclosed.
South African payments fintech Stitch closes $25 million Series A extension
South African embedded payments platform Stitch has closed a $25 million Series A Extension, led by Ribbit Capital.
Revolut launches AI-based scam detection feature
Revolut has launched an AI-powered anti-scam feature to protect customers from falling victim to authorised push payment fraud.
FundGuard raises $100m
FundGuard, the cloud-native, AI-powered, multi-asset class investment accounting platform, has closed a $100 million Series C funding round led by Key1 Capital.
Northern Trust applies machine learning to securities lending
Northern Trust has developed a pricing engine for securities lending that utilises machine learning and advanced statistical techniques to forecast lending rates for 34 global markets.
United Fintech appoints Rupsa Mukherjee as head of M&A
United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors, is preparing for a new wave of M&A activity with the appointment of Deutsche Bank’s Rupsa Mukherjee as head of mergers and acquisitions.
PCMI gains strategic growth investment from Thoma Bravo
This week, Thoma Bravo announced a strategic growth investment in PCMI, a provider of administration software for F&I products in the automotive and consumer end markets. According to a news release, Thoma Bravo said existing shareholders — including PCMI management, … [Read More]
Ripple opens developer portal; gets accelerator programme
Ripple is set to get a kick-start, with the outfit behind it opening up a developer portal and CrossCoin Ventures launching an accelerator to help startups working with the cypto-currency protocol.
Metro Bank cuts 300 jobs; inks Infosys deal
UK lender Metro Bank is axing around 300 jobs and calling in Infosys for an IT overhaul as it bids to find £80 million a year in savings.
ING reveals $12.4 trillion required to green Asia’s transport sector
Powering a new generation of net-zero transport with clean energy – in China, Japan, and South Korea – will cost US$12.4 trillion, a ING bank report has just revealed. This equates to over 90% of China’s 2020 GDP.
New report calls out failing Open Banking API services
A new report published by Finextra and authored by API performance monitoring specialists, APImetrics, has identified three major British banks failing to deliver adequate service levels to consumers of the UK’s CMA9 Open Banking APIs.
Carleton addresses 3 questions about Leap Year
Carleton reminded the financial services industry that February doesn’t end until Thursday because it’s Leap Year. While sales personnel might see the extra day as an opportunity to lift performance, the provider of compliant financial calculations and lending document generation … [Read More]