US WealthTech Orion hires Arun Anur as COO
US WealthTech Orion has appointed fintech veteran Arun Anur as chief operating officer.
Binance Kazakhstan gains consent for full regulatory license
Binance Kazakhstan has been granted consent for a full regulatory licence from Astana Financial Services Authority (AFSA).
Massachusetts probes Robinhood over predictions market hub
Massachusetts regulators are investigating Robinhood over the trading app’s recently announced ‘Predictions Hub’, which enables people to bet on the outcomes of various events.
TransUnion & Credit Sesame to launch new education and monitoring offering
Your customers who have soft credit profiles could benefit from a new program from TransUnion enabled by its collaboration with Credit Sesame. Announced last week, this new offer is expected to enable the credit bureau to more fully serve the … [Read More]
Diebold Nixdorf joins digital euro innovation platform
Diebold Nixdorf is working with the European Central Bank to integrate its payment processing technology with the digital euro interfaces.
Goldman Sachs-backed WealthTech Elinvar secures €25 million funding round
Berlin-based WeathTech outfit Elinvar has secured €25 million in a funding round led by ToscaFund Asset Management.
Record surge in past-due student loans adds to US debt burden
The share of US consumer debt in serious delinquency rose in the second quarter to the highest level since early…
Swift on the hunt for new IT talent
Interbank payment network Swift is positioning itself as a cutting edge IT shop as it seeks to recruit 150 talented IT professionals worldwide.
Robo-advisers are facing their first major downturn
The expected global recession brought on by the Covid-19 pandemic will prove a stern test for robo-advisers that have attained a healthy degree of popularity in recent years.
Experts explain auto-finance & general-economy implications after another rate cut comes during ‘challenging situation’
The primary result of this week’s meeting of the Federal Open Market Committee (FOMC) was the Federal Reserve reducing the federal funds rate below 4% for the first time since 2022. The reduction of the target rate to 3.75% to … [Read More]
The predictive qualities of vinegar dressing (Under the Hood)
Lenders might soon have another tool in their arsenals to measure the creditworthiness of unbanked consumers: grocery transaction data. The…
BBVA ships tool to help companies calculate their carbon footprint
BBVA has released a new tool which scans client’s aggregated transaction data to determine the amount of greenhouse gases they emit into the atmosphere with their daily activities.
CFPB unveils ‘humility pledge’ for supervision division
Perhaps compliance departments at auto lenders and other companies involved in financial services had something extra to be thankful for last week. Just ahead of Thanksgiving, the Consumer Financial Protection Bureau made significant changes to how its supervision division conducts … [Read More]
Bank of England tests AI to spot real-time payment fraud
A project by the Bank of England and the London BIS Innovation Hub to use AI to spot unfolding and novel financial crime patterns in real-time retail payment systems showed promise but threw up a number of limitations to its efficacy.
Rivian, Lucid eye finance growth
EV manufacturers Rivian Automotive and Lucid Motors are expanding the scope of their finance arms as deliveries increased in the…