5 questions with … Michelle Corson, CEO of On the Road Companies
Chief Executive Michelle Corson founded On the Road Companies in 2013 with money from friends and family to provide low-credit-score…
US House is likely to kill EV tax credit, Speaker Johnson says
Republicans in the US House are more likely than not to kill a consumer tax credit for electric vehicles, according…
ANZ overhauls operations
Australia’s ANZ is overhauling its business to create a new unified operations unit and a group-wide data and analytics function.
CaixaBank turns on instant cross-border mobile transfers
The European Payments Alliance (EuroPA) has hit a milestone in its efforts to bring instant cross-border payments to the continent with customers of Spain’s CaixaBank now able to send money to people in Portugal, Italy and Andorra via the Bizum mobile transfer scheme.
Terraform’s Do Kwon sentenced to 15 years in prison for ‘epic’ fraud
Do Kwon, the former CEO of crypto firm Terraform Labs, has been sentenced to 15 years in prison over an “epic fraud” related to the $40 billion collapse of his company and its ecosystem.
John & Perla Lewis to retire from Intellaegis; new leadership planned
Oct. 31 will be more than just Halloween for John and Perla Lewis. The Intellaegis founders will be retiring on the last day of October from their respective roles in company management with John Lewis as CEO and Perla Lewis … [Read More]
Experts project potential impact in auto after Fed’s 50-basis-point rate cut
The interest-rate cut by the Federal Reserve finally came on Wednesday afternoon, and it was more than what many experts anticipated. Policymakers trimmed the federal funds rate by 50 basis points. But, unfortunately, don’t expect an avalanche of car buyers … [Read More]
Neighbors FCU fights growing fraud with tech
Neighbors Federal Credit Union is grappling with a surge in sophisticated fraud schemes, prompting the lender to adopt new fraud…
New NYDFS chief fleshes out third-party risk
Deficient risk-management procedures create new risk threats. That premise, backed by evidence from examinations conducted by the New York Department…
Infinox hit with first transaction reporting fine under MiFir rules
The FCA has issued its first fine for transaction reporting failures under MiFir regulations.
Make carbon accounting as pervasive as financial accounting – Greenly
Speaking to Alexis Normand, the founder of carbon accounting platform Greenly, Finextra learned how carbon accounting has become a necessity in the banking sector today.
Mastercard launches sustainable card programme
Mastercard is launching a sustainable card programme to get its card issuers to switch to greener alternatives such as recycled, biodegradable and ocean plastics.
New Singapore digital bank Trust selects Thought Machine core
Trust Bank, the Standard Chartered and FairPrice-backed digital challenger that recently launched in Singapore, is running on Thought Machine’s cloud-native core platform.
Visa and dtcpay team on crypto-to-fiat card
Singapore’s dtcpay is teaming up with Visa on a card that enables ultra high net worth individuals to convert their digital currencies such as stablecoins into fiat at real-time rates.
Portuguese banks back Open API platform
Portugal has taken a major step towards Open Banking after local payments processor Sibs launched an API platform that brings together 24 financial institutions.