Nasdaq expands digital bank presence in Latin America
Digital bank Nubank has selected Nasdaq’s regulatory reporting system, AxiomSL, for its Latin American offering.
Rand Merchant Bank invests in KOKO to boost climate financing in Africa
South Africa’s Rand Merchant Bank (RMB) has announced its partnership with climate technology company KOKO to drive growth in climate financing.
‘Buckle up’ amid volatility in labor market & elsewhere
Twice during a nine-minute video presentation this week, Cox Automotive chief economist Jonathan Smoke suggested auctions, dealerships, finance companies and other operations involved with cars nowadays should “buckle up.” Especially considering the soft metrics coming from the labor market, with … [Read More]
Sibos: Financial institutions are “nowhere near” 2027 G20 targets
Alan Marquard, executive vice president, applications at Mastercard commented on their current progress towards 2027 goals as reported by FSB in their second annual assessment in a session on G20 targets at Sibos in Beijing: “we’re four years in the journey to 2027, and we’re nowhere near there. I find that completely unsurprising. The metrics were set up as quantitative metrics, but set at a global level without clarity on who was responsible for achieving them.”
Auto Finance Composite Index down 12% YoY (Big Wheels)
Auto asset-backed securitization volume was a major driver of auto finance industry performance in May, while vehicle sales were steady…
Revolut’s Storonsky sells $300 million in company stock
Founder and chief exec at fintech giant Revolut, Nik Storonsky, has reportedly sold shares worth up to $300 million (£230 million) in the company.
Datricks raises $15m for AI-powered risk management platform
Datricks, an AI-powered “financial integrity” platform, has raised $15 million in a Series A funding round led by Team8’s VC arm.
Dealertrack Credit Availability Index sags again from record high
While declining now for two months in a row, Cox Automotive reiterated that the streak connected with the Dealertrack Credit Availability Index began with the measurement at its all-time high. A Cox Automotive Data Point distributed this week showed the … [Read More]
SumUp releases suite of new product features
Global fintech SumUp has announced its array of new product features to support small businesses at the company’s annual event.
Deutsche Bank goes live with Swift Instant Cash Reporting
Deutsche Bank has gone live with Swift’s new API-driven Instant Cash Reporting (ICR) tool for accessing real-time account and balance information with a single, standardised connection.
Wells Fargo Auto originations fall 34% amid tightened credit
Wells Fargo Auto tightened credit in the fourth quarter, contributing to a decline in auto originations and outstandings. Auto originations…
Nigerian Exchange preps dollar settlement platform for fintechs
The Nigerian Exchange has enlisted the Central Securities Clearing System (CSCS) and Euroclear to help build a dollar settlement platform that will enable tech startups to raise in dollars.
Financial Cloud Summit 2023: BaaS and IT talent – the backbone of future business
During the Financial Cloud Summit’s afternoon Optimise session, titled ‘BaaS: Entering new and niche markets,’ Finextra reporter Niamh Curran guided panellists through a technical discussion that explored how embedded finance and BaaS can help to transform the backbone of business operations.
Untangled Finance raises $13.5m to bring institutional grade private credit on-chain
UK fintech Untangled Finance has raised $13,5 million for it platform to bring institutional-grade credit with a built-in liquidation mechanism on-chain.
ASX opens customer development centre for blockchain settlement system
The Australian Securities Exchange has moved closer to its goal of rolling out a blockchain-based settlement system with the opening of a new Customer Development Environment for users to test and interact with the new system.