Automotive Credit Corp. lays off 12 employees
A dozen Automotive Credit Corp. employees were reportedly laid off today following the company’s decision to pause originations last month….
JPMorgan Chase to replace US retail core with Thought Machine’s Vault
JPMorgan Chase is to replace its current retail core banking system in the US with technology from Thought Machine.
Ghana pilots blockchain-based credentials and CBDC for global trade
The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.
WildEarth NFTs show conservation is about supporting people as much as wildlife
In a bid to help protect endangered animals, British TV channel, WildEarth, has launched its own NFTs. Crucially, 40% of the primary sale proceeds go to local custodians of the land on which the animals live.
In an exclusive interview with Finextra, Graham Wallington, co-founder, CEO, WildEarth, explained the philosophy behind this approach: nature can look after itself – it just needs a home. The real mission is to ensure local populations have an economic incentive to not poach.
Edmunds spots multiple new highs among Q1 financing data
Financing a used-vehicle acquisition almost seems like a bargain when compared to new-car trends included in first-quarter data from Edmunds released on Monday. Edmunds reported the average amount financed for a used-vehicle delivery in Q1 came in at $28,610 for … [Read More]
Moneybox raises £35 million
British savings and investment app Moneybox has raised £35 million in a funding round led by Fidelity International Strategic Ventures ahead of a second crowdfunding campaign in early May.
UK mobile networks to block spoofed numbers in crackdown on impersonation scams
Top mobile networks including BT EE, VodafoneThree and Virgin Media 02, are to introduce a raft of new measures to protect consumers from fraud, under a new Telecoms Charter agreed with the UK government.
AI threatens as many as 200,000 jobs in global banks – Bloomberg
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to a market survey conducted by Bloomberg Intelligence.
Money 20/20: EPI details drive on Wero with Worldline and Revolut
Revolut users in France, Belgium, and Germany will be able to send and request payments using EPI’s digital wallet, Wero, from July.
Slumping Bain-backed BRP makes bet on quiet electric motorbikes
Snowmobile manufacturer BRP Inc. hasn’t made a motorcycle in nearly four decades, but the company believes growing interest in electric…
MAS to fund quantum and AI projects for financial sector
The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector.
Bank of Ireland fraud prevention team received over 10,000 calls during festive period
Bank of Ireland has revealed that its fraud prevention team fielded over 10,000 calls from customers during the peak holiday period – Monday 23 December to Sunday 29 December – with more than 550 calls from customers on Christmas day alone.
Europol takes down EUR700m crypto fraud network
European police have dismantled a large-scale cryptocurrency fraud and money laundering network that laundered over EUR700 million, according to Europol.
UK ready to make 2027 T+1 switch without EU
The UK will push ahead with the move to a T+1 settlement cycle for securities trades by the end of 2027, regardless of whether the European Union makes the switch at the same time.
Irish fintech spending falls by 90% in H1
The first half of 2024 has seen a dramatic decline in spending within Ireland’s fintech industry, reflecting cautious investor sentiment.