US consumer sentiment rises to six-month high on rate relief
Sentiment among US consumers increased in October to a six-month high as households grew more upbeat about buying conditions, partly…
FCA sues crypto exchange HTX
The UK’s Financial Conduct Authority has filed a lawsuit against HTX, a cryptocurrency exchange linked to Justin Sun, a billionaire who has invested millions of dollars in the Trump family’s crypto ventures.
Safe-Guard opens expanded facility in SC
Safe-Guard Products International now has more brick-and-mortar resources to house its platform for private label protection products for the automotive, RV, marine, and powersports industries. On Tuesday, Safe-Guard said it has opened an expanded call center in Greenville, S.C. Located … [Read More]
Climate fintechs are faring better than their peers in attracting VC funding
Climate-related startups are beating the wider downturn in fintech funding, with Europe leading the way, according to new data from CommerzVentures, the VC funded by Germany’s Commerzbank.
Dealer new-vehicle inventory mixed in Q2
Inventory levels across the industry were mixed for new and used vehicles in the second quarter, evidenced by VIN-level data…
Lloyds to run two-month Data and AI Summer School for employees
Lloyds Banking Group is expecting to play host to tens of thousands of employees at a two-month Data & AI Summer School as part of a commitment to building a digitally-confident workforce.
Deutsche Börse forms wide-ranging digital asset partnership with Kraken
Deutsche Börse is teaming up with crypto exchange Kraken in a bid to bridge traditional financial markets and the digital asset economy, spanning trading, custody, settlement, collateral management, and tokenised assets.
Sustainable Finance Live 2023 sneak peek: Gresham House’s Peter Bachmann
Finextra’s annual Sustainable Finance Live conference will take place at Events@No6 in London on 10th October, bringing together experts from all over the sustainable finance industry to discuss plans and strategies to make the financial sector greener for the future. Leading up to the event, Finextra spoke to upcoming speakers for a sneak peek into what’s to come.
Fraud prevention platform Seon raises $80m
Fraud prevention and AML compliance specialist Seon has raised $80 million in a series C funding round led by Sixth Street Growth.
Ripple wins NYDFS approval for stablecoin launch
Ripple has won approval from the New York Department of Financial Services for the upcoming launch of its dollar-backed stablecoin RLUSD.
Carvana originations rise 29%
Carvana earnings exceeded expectations in the first quarter as originations increased 29.3% year over year and retail sales strengthened. Originations…
Ziglu enters administration
Ziglu, the crypto startup launched by former Starling co-founder Mark Hipperson, has entered administration.
AFSA & 5 other associations ask CFPB to reconsider statement on abusive practices
The American Financial Services Association and five other trade associations are pushing back against a proposed statement of policy regarding prohibition on abusive acts or practices released by the Consumer Financial Protection Bureau this spring. To recap, the bureau said … [Read More]
Atelier rewards property developers who go green with cheaper finance
Real estate lender Atelier is to price the interest on its loans according to the sustainability of developer-led projects.
Climate X raises $5.4m
London-based climate risk analytics provider Climate X has raised $5.4 million in a seed funding round co-led by CommerzVentures and A/O PropTech.