Stripe bids to kickstart carbon removal industry
Stripe is teaming up with Alphabet, Meta, Shopify and McKinsey to commit $925 million to spur the nascent carbon removal sector.
GM Financial’s lease originations up 14% year over year
GM Financial’s originations increased in the third quarter as an uptick in leasing volume offset a decline in new retail…
Australia orders Binance audit over AML concerns
The Australian Transaction Reports and Analysis Centre (Austrac) has ordered the local unit of crypto giant Binance to appoint an external auditor over “serious concerns” about money laundering controls.
Banks must mimic edge computing implementation of tech giants – Gartner
At this year’s Gartner IT Infrastructure, Operations & Cloud Strategies Conference, research vice president and agenda manager Bob Gill from the advisory firm suggested that banks in need of improving customer experience must look at what the big tech players are doing.
Podcast: ‘Weekly Wrap’ on sales, incentives
June marked mixed vehicle sales and an uptick in incentives ahead of the July Fourth holiday, while the industry continues…
Nissan applies to form Nissan Bank U.S.
Captive Nissan Motor Acceptance Corp. applied today to form Nissan Bank U.S., an industrial bank chartered in Salt Lake City….
CFPB finalizes Personal Financial Data Rights Rule
On Tuesday, the Consumer Financial Protection Bureau (CFPB) finalized a rule the regulator said will give consumers greater rights, privacy, and security over their personal financial data. The bureau said the Personal Financial Data Rights Rule requires financial institutions, credit … [Read More]
Used-vehicle turnover rate rises 8% YoY
Used-vehicle demand has remained strong despite price pressures this year. The average number of days to turn for a…
UBS under observation from pricing supervisor after acquiring Credit Suisse
Following UBS’s takeover of Credit Suisse earlier this year, Swiss consumer pricing supervisor has put the bank under observation amid competition concerns that could bring about higher loan charges.
PalmPay and Jumia partner to develop Nigerian digital payment ecosystem
In an attempt to grow the use of the cashless economy, operator of Nigeria’s most used mobile wallet PalmPay has partnered with African e-commerce giant Jumia.
Kaia and Line to launch stablecoin superapp
Two Asia-based fintechs, Line Next and Kaia, have launched what is described as a stablecoin superapp, designed to facilitate cross-border payments.
Agora welcomes Mancero as managing director
A familiar name in the subprime auto finance industry now is part of Agora Data. The fintech company — which provides technology, capital and guidance with predictable contract performance and analytics for the subprime space — announced the appointment of … [Read More]
NYCB in talks to offload mortgage risk, plans to sell RV loans
New York Community Bancorp has been reaching out to investors for capital to finance a large portfolio of residential mortgages…
Auto stocks down 2.8% after tariffs announcement
Auto stocks continued their tumble today after President Donald Trump signed an executive order on March 26 imposing tariffs on foreign-built…
Icici Bank opens API portal to developers
India’s Icici Bank has opened an online marketplace comprising nearly 250 APIs for third party developers to connect to and communicate with the bank’s applications.