Visa unveils AI fraud fighting tool
Visa has unveiled Aric Risk Hub, an AI-based fraud prevention platform designed to help protect banks, acquirers, and financial institutions against a broad spectrum of fraud and financial crime.
Ant International ships Alipay+ GenAI Cockpit
Ant International has unveiled Alipay+ GenAI Cockpit, an AI-as-a-Service (AIaaS) platform that empowers fintech companies and super apps to build AI-agentic and ultimately AI-native financial services.
Floorplan lenders see boost as banks pull back
Independent dealership floorplan financing providers First Business Bank and NextGear Capital’s floorplan financing portfolios have grown year to date as…
UniCredit runs European Appathon; opens virtual doors to startups at digital expo
Italy’s UniCredit is to simultaneously run three 24-hour mobile and wearable finance hackthons in Milan, Vienna and Munich.
Sustainable Finance Live: Environmental sector isn’t “investable or professional yet”
Dr Rich Stockdale, founder of Oxygen Conservation, gave the closing keynote of Sustainable Finance Live 2024, looking into how the investment into natural capital can evolve in the future.
Stellantis North America shipments down 20.2%
Stellantis’ North America shipments and sales declined in the first quarter, while captive Stellantis Financial Services’ lease portfolio was up…
Powersports market slows down
Debt burdens, elevated interest rates and dampened consumer demand have contributed to an overall slowdown of the powersports market so…
DOGE-Backed halt at CFPB comes amid Musk’s plans for ‘X’ Digital Wallet
In another weekend takeover of a federal agency’s operations, staffers from an efficiency initiative led by billionaire Elon Musk helped…
Li Auto revenue goal misses estimate as competition heats up
Li Auto Inc. forecast first-quarter earnings that missed analyst estimates amid intensifying competition in China, the world’s largest automobile market….
Trump Media launches fintech brand
Donald Trump’s social media company has launched a financial services and fintech brand, dubbed Truth.FI, for a push into crypto and customised exchange-traded funds.
FIs, regulators rev up anti-fraud strategies
The democratization offered by AI is making it easier for low-skilled, inexperienced bad actors to launch high-impact schemes. Even the…
Bank of England proposals to cap stablecoin holdings draws fire
The Bank of England has come under fire for proposals to impose strict caps on the value of stablecoins that individuals and companies can hold.
Australia seeks industry participation in CBDC project
The Reserve Bank of Australia is calling on industry players to take part in the experimental research phase of a project exploring the development of a wholesale CBDC and tokenised bank deposits.
Chase originations fall 2% year over year
Chase Auto’s origination volume fell year over year in the third quarter while delinquencies inched up. Originations dipped to $10…
Quinn raises $11m for AI-powered financial advice platform
AI-driven financial planning and advice platform Quinn has emerged from stealth with $11 million in seed funding led by Viola Fintech.