Refunds and sales tactics: Navigating vague aftermarket oversight
It’s not easy these days for lenders to navigate increased regulatory oversight on aftermarket product sales. (Photo/Canva) The Consumer Financial…
Sustainability fintech WeeFin raises €25 million
WeeFin, a fintech that helps financial institutions manage their sustainability strategies, has completed a €25m financing round Series B, led by Blackfin Capital Partners.
Thor Industries sales rise 3%
RV manufacturer Thor industries’ sales increased during its fiscal third quarter as promotions ticked up and inventory shrank. Elkhart, Ind.-based…
JPMorgan to acquire OpenInvest
JPMorgan has agreed to acquire OpenInvest, a provider of ESG tools for the wealth management industry.
Deutsche Bank signs multi-year database deal with Oracle
Deutsche Bank has entered into a multi-year collaboration with Oracle to overhaul its myriad databases with the aim of providing a dedicated platform to support the bank’s trading, payments processing, risk and capital planning, and regulatory reporting
Google unveils Agent Payments Protocol to power AI commerce
Google has unveiled an open protocol designed to serve as the foundation needed to enable AI agents to transact payments on behalf of users and merchants.
AFP 2022: ‘L word’, a top topic for today’s treasurers
To borrow a sports metaphor, for businesses, liquidity is the ‘name of the game’.
Bank of London faces regulatory probe as auditor raises uncertainty over future
The Bank of London says it is under investigation by UK regulators in a move its auditors warn could cast “significant doubt” over its future.
Auto lenders tap private credit to expand their funding tool kit
Strong investor interest has spurred increased asset-backed securitization volume and an uptick in private credit transactions, contributing to a shifting…
Curve taps Thought Machine for new credit product
Card consolidation app firm Curve has picked cloud-native core banking vendor Thought Machine to power a new credit and loan offering.
Nissan job cuts double to 20,000 in huge overhaul, NHK says
Nissan Motor Co. will eliminate 11,000 more jobs than previously planned, NHK reported Monday, as part of a plan to…
Set pricing, agency model gain steam outside U.S.
Agency sales models, in which auto manufacturers sell vehicles directly to consumers and use dealerships to deliver the cars, are…
1.2m UK customers affected by February bank outages
A major outage suffered by UK high street banks on the last Friday of February affected more than 1.2m customers, according to a recently released House of Commons report.
Vervent CEO says Tricolor ‘vaporized’ over a weekend amid sudden collapse
Tricolor’s sudden slide into Chapter 7 bankruptcy forced backup servicer Vervent to take on additional operational tasks on top of…
Citi wealth management pushes private bankers to record client calls – FT
Citigroup now monitors the frequency at which private bankers call their clients to push for growth in the wealth management branch of the business, according to reporting from the Financial Times.