Banks receiving APP scam payments pushed to step up standards
The UK’s Lending Standards Board is pursuing a harder line on authorised push payment fraud, requiring banks receiving scam payments to take further measures to stop such transfers.
4 must-know insights to understand stablecoins
As stablecoins become the favoured topic by many, arguably overtaking the attachment to AI adoption, and as we face a future of de-dollarisation, what exactly are the key things to note?
Financial trade groups call on Basel Committee to rethink crypto exposure standards
A coalition of global finance trade associations has called on the Basel Committee on Banking Supervision (BCBS) to make changes to its “excessively conservative and overly punitive” upcoming Cryptoasset Exposures Standard.
Boat registrations drop 18% in May
U.S. boat retail registrations plummeted in May as consumers curbed discretionary spending amid economic uncertainty. Boat retail registrations dropped 18%…
Barclays leads £4 million total seed round in WealthOS
WealthOS, a cloud-native and API-driven core wealthtech startup, has topped up a £2 million seed round led by Barclays Bank with a further injection of capital from the UK lender and fintech investors.
Transak taps Visa Direct for global crypto withdrawals
Web3 payments infrastructure provider Transak is working with Visa to let its users convert their crypto into local fiat currencies.
Auto dealers embrace digital tools, lender hesitation remains
Auto lenders must continue to improve digital contracting and financing processes as more dealers digitalize online and in-store operations. …
Lenders turn to PTI amid affordability concerns
Lenders have started looking more at payment-to-income ratios when making credit decisions as affordability remains a challenge, especially in nonprime…
Veros Credit hires former United Auto Credit CFO
A former high-level executive at United Auto Credit now has an important role at Veros Credit. Veros Credit announced on Friday that the subprime auto finance company appointed Ravi Gandhi as chief strategy officer in a move that became effective … [Read More]
BlockFi raises $350m at $3bn valuation
Cryptocurrency player BlockFi has hit a $3 billion valuation off the back of a $350 million Series D funding round led by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global.
Matera and Circle bid to take stablecoin payments mainstream
Brazilian fintech Matera is joining forces with Circle to turn stablecoins into a payment method integrated into banks’ core systems.
PODCAST: Revisiting complexities of product refunds
Following their keynote presentation at Used Car Week 2022 in San Diego, a trio of experts reiterated how complex product refunds can be for finance companies following a vehicle repossession or total-loss insurance claim. Anne Holtzman and Peter Krall of … [Read More]
GreenFi launches climate-friendly consumer financial brand
The former head of fintech at Tesla has secured $17 million in investment for his rebranded climate-friendly consumer banking and investing outfit.
SC Ventures and Fujitsu form quantum computing partnership
Standard Chartered Bank’s SC Ventures unit is joining forces with Fujitsu to accelerate the development of quantum computing from the research stage to commercial use in financial services.
How CFPB & FTC are leveraging technology, too
Dealerships and finance companies aren’t the only operations leveraging technology nowadays. Two of the largest federal regulators — the Consumer Financial Protection Bureau and the Federal Trade Commission — recently outlined how they’re trying to use technology, too. At the … [Read More]