Insurance costs burden nonprime borrowers
FORT WORTH, Texas — Rising insurance costs are burdening consumers, making it more difficult for borrowers to keep current on their auto…
Nutmeg founder Nick Hungerford dies
Nick Hungerford, Nutmeg co-founder and one of Britain’s most successful fintech entrepreneurs has died at the age of 43.
Rent reporting platform Boom raises $4.5m
Rent reporting platform Boom has raised $4.5 million in a seed funding round joined by Plaid co-founders William Hockey and Zach Perret.
Allied Solutions forges partnership with MANTL
Allied Solutions added to its portfolio of industry partnerships last week. The providers of insurance, financing, risk management and data-enabled products announced a new relationship with MANTL, a leading provider of account origination solutions for banks and credit unions. Allied … [Read More]
Electric car models eligible for $7,500 tax credit cut to 13
The number of electric vehicle models eligible for a consumer tax credit of as much as $7,500 fell sharply as…
Citi rolls out digital investment tool
Citi’s consumer business has introduced a digital wealth investment tool for clients with as little as $1500 to invest.
Tink launches risk engine to unlock instant payments
Open banking platform Tink has launched a rules-based risk engine to protect merchants from fraud on instant payment rails.
Fitch & KBRA see more positive signs within current & future auto ABS performance
This week, Fitch Ratings and Kroll Bond Rating Agency (KBRA) offered their latest analysis of recent and potential future auto finance performance based on securitizations, with Fitch seeing the possibility of the subprime segment remaining “resilient,” while KBRA is anticipating … [Read More]
Standard Chartered uses ‘skills passport’ to match employees to projects
Standard Chartered is making the most of its internal talent by using an AI-based marketplace to match employees’ skills with project-specific ‘gigs’.
JP Morgan to buy share plan management software provider
JP Morgan has agreed to buy Global Shares, an Irish cloud-based provider of share plan management software. Financial terms of the deal were not disclosed.
Eric Schmidt invests in cross-border payments platform Keeta
Cross-border payments startup Keeta has launched with $17 million in funding from investors including former Google CEO Eric Schmidt.
Powersports dealers, lenders eye used market for growth as new-vehicle sales drop
Powersports lenders and dealers are tapping the used-vehicle market for growth as dealers grapple with falling new-vehicle sales across most…
JPMorgan invests in Eye Security
JPMorgan Chase’s growth equity investment unit has led a €36 million Series B funding round for Dutch cybersecurity firm Eye Security.
BBVA doubles AI staff numbers
BBVA has doubled the number of staff working on artificial intelligence to more than 400 as it opens new ‘AI Factories’ in Mexico and Turkey.
US online trading platforms launch in UK
The UK’s retail trading platform market has become more crowded following the launch of two separate US ventures.