UAE usurps UK in global fintech rankings
The UK has been pushed into third place in global fintech rankings for the first time following a strong showing by the UAE.
US payrolls marked down a record 911,000 in preliminary estimate
US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on…
Wise F&I rolls out enhanced tire & wheel coverage
Sometimes your customers not only want their tires and wheels to function correctly, they want them to look sharp, too. To help, Wise F&I recently rolled out a product offering on Monday that includes tire and wheel protection, plus appearance … [Read More]
Finanzguru raises €13 million in a funding round led by PayPal and Scor Ventures
German financial management app Finanzguru has raised €13 million led by new investors Scor Ventures and PayPal Ventures, with participation from existing backers including Deutsche Bank, coparion, VR Ventures, Hannover Digital Investments, Venture Stars and former Postbank CEO Frank Strauss.
TransUnion launches AI-powered data analytics platform
Credit bureau TransUnion has unveiled a cloud-based AI-powered data and analytics platform for financial institutions.
ABN Amro registers digital green bond on blockchain
ABN Amro has become the first Dutch bank to register a digital green bond on a public blockchain.
Hoffman becomes president of APCO Holdings
APCO Holdings named Courtney Hoffman as its president on Tuesday. The provider of F&I products — and home to the EasyCare, GWC Warranty, Crystal Fusion and Rider’s Advantage brands — said Hoffman will also continue leading the revenue channel and … [Read More]
Swiss B2B fintech GenTwo raises $15 million
Point72 Ventures has led a $15m Series A investment round in asset securitization fintech GenTwo.
Compliance in the cloud for a demanding regulatory environment
The cloud has fundamentally altered the economics and time to value of risk management and regulatory reporting. By allowing banks to handle the real-time, daily and periodic nature of regulatory reporting in an elastic manner, cloud computing has also provided cost-effective, long-term (and immutable) data storage to respond to queries from regulators.
Lemonade Foundation preps blockchain-based climate insurance for subsistence farmers
The non-profit arm of insurance unicorn Lemonade has formed a coalition building a blockchain-based climate insurance offering for subsistence farmers and livestock keepers in developing markets.
Trump signs order to prevent his auto tariffs from stacking on top of each other
President Donald Trump signed a pair of directives easing the impact of his tariffs on the automotive industry, yielding to…
HSBC invests €36m in London fintech ClearScore
ClearScore, a London-based startup providing credit scoring services, has secured €36.1m in debt financing from its principal backer HSBC.
Bank failure to manage climate risks poses threat of extinction
The European Central Bank has waned of the grave transition risks for banks that fail to prepare for a low carbon economy.
TD Bank to sponsor MIT’s first fintech hackathon
MIT has recruited TD Bank and Prudential to sponsor its first-ever fintech hackathon.
Tink embeds subscription app Youtility into money management suite
Open banking platform Tink is working with subscription technology firm Youtility to provide UK retail banks with embedded subscription and money management tools.