FICO scores for some with auto loans drop 100 points as student loan payments resume
The first effects of the U.S. Department of Education’s January decision to resume reporting delinquent student loan payments to credit…
Agentic AI: Citi GPS explores future of finance in the ‘do it for me’ economy
Citi GPS, Citi’s thought leadership product, last week released a report exploring the transformative potential of agentic artificial intelligence (AI), a cutting-edge advancement enabling AI systems to make decisions and execute tasks autonomously.
Lloyds collaborates with Red Hat on InnerSource engineering programme
Lloyds Banking Group is collaborating with Red Hat on a programme to drive the adoption of open source software across its engineering teams.
Launcher finalizes another alliance; this time with goal of serving Hispanics
Launcher landed its second alliance of the week on Thursday with the newest one aimed at expanding access to credit within the Hispanic market. Launcher now is integrated with Conecta Marketing Group in order to help finance companies optimize their … [Read More]
Nutmeg CEO to step down
UK robo-adviser Nutmeg has announced its chief executive Martin Stead is to step down early in the new year.
Upstart auto originations surge 357%
AI-powered lending platform Upstart’s auto originations soared 357.1% year over year in the third quarter despite tightened lending standards. Upstart…
JP Morgan launches Payment Partner Network
JP Morgan has unveiled its Payments Partner Network, a B2B digital marketplace, powered by Salesforce, that allows the bank’s merchants and corporate treasury clients to tap into an ecosystem of third party integrations for their end-to-end payments and working capital needs.
KBC spins off wealthtech business
The asset management arm of Belgian bank KBC has created a weathtech spin-off to sell its digital investing technology to other financial institutions.
LianLian Global adopts stablecoin payments with BVNK
Chinese cross-border payments platform LianLian Global is to introduce stablecoin payments for its merchant base in collaboration with BVNK.
Currensea smashes crowdfunding target
Travel debit card Currensea has raised over £1.7m from 760 investors in just four hours on crowdfunding platform Seedrs.
SEC creates Cyber and Emerging Technologies Unit
The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.
Ex-FDIC official McKernan nominated as new CFPB director
Amid the uncertainty surrounding the Consumer Financial Protection Bureau, President Donald Trump has nominated a new director to lead the agency. Trump nominated…
Wise entered European remediation plan over AML controls – FT
Money transfer giant Wise was ordered by European regulators to put in place a formal remediation plan over issues with its anti-money laundering controls, according to the Financial Times.
Fintech pioneers unite to build bank for high net worth individuals
A group of well-known fintech pioneers behind the likes of Monzo, Starling and Nutmeg are launching a bank for high net worth individuals.
Fed’s Waller highlights why, ‘It is an exciting time to work in payments’
After stating his case for cutting interest rates in July, Federal Reserve governor Christopher Waller was back on the public appearance circuit on Wednesday discussing a process that’s important to every auto-finance company. Payments. Speaking at the Wyoming Blockchain Symposium … [Read More]