HSBC to bring money market trading to the masses
HSBC in Hong Kong is offering mobile customers with as little as HK$100 to invest the opportunity to build a stake in six bond and equity index funds.
Onbe releases survey about refund processes amid CFPB examinations
One of the processes to draw ire during examinations in the past year by the Consumer Financial Protection Bureau was refunds associated with voluntary protection products. This week, Onbe published its 2024 Auto Finance Payments Survey, exploring consumers’ refund preferences. … [Read More]
Solera Auto Finance to rebrand as Arra Finance
Solera Auto Finance will be rebranded as Arra Finance after asset management firm Obra Capital acquired the company. Solera Auto…
Westpac upgrades branch bandwidth with SD-WAN roll out
Westpac is rolling out fibre optic network technology across all of its branches in an initiative to boost download speeds for customers and improve video-conferencing connectivity.
Barclays ups spending on climate-tech startups to £500 million
Barclays bank is to ramp up invesments in climate tech startups to £500 million, with a specific focus on decarbonisation opportunities.
Finastra to rewrite developer terms to counter algorithmic bias
Finastra has published a five-point plan to tackle gender bias in algorithms.
Deutsche Bank culls Dublin workforce
Deutsche Bank has announced plans to axe as many as 450 full time and contractor roles in its Dublin office.
Fed ‘not on any preset course’ regarding interest rates
Perhaps finance companies and dealerships can take solace in the seven-word sentence Federal Reserve chair Jerome Powell said during his opening statement on Wednesday after the Federal Open Market Committee (FOMC) decided to maintain the target range for the federal … [Read More]
Barclays drives impact investing through digital marketplace
In the wake of Finextra Research’s SustainableFinanceLive event, Richard Peers of ResponsibleRisk spoke with Damian Payiatakis, head of impact investing at Barclays and David Newman, co-founder of software fintech Delio, to dissect their new impact investing platform, Impact Agora.
Worldline to raise €500 million to support turnaround plan
Struggling French payment firm Worldline plans to raise €500 million in fresh equity to support a turnaround programme aimed at restoring cash flow generation.
Revolut secures in-principle approval for a UAE payments licence
Revolut is to launch in the UAE after securing in-principle approval from the Gulf region’s central bank.
2 new consumer surveys show mixed feelings about auto activity amid soft savings level
Two looks at consumer confidence released this week offered mixed views on individuals’ current views of their finances and whether they might purchase a vehicle during the next six months. Beginning first with the 2023 Consumer Spending Survey by Provident … [Read More]
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.
Podcast: Capital One’s Annie Fallows talks AI evolution
Capital One is looking at ways to expand the use of AI-based agents on the heels of launching its agentic…
X to offer trading services soon, claims CEO
Social media app X will roll out investing and trading services “soon” and is also pondering its own debit or credit card, claims CEO Linda Yaccarino.