TSB puts carbon tracking control in customers’ hands
UK bank TSB has teamed up with fintech startup Cogo to help customers monitor and reduce their carbon footprints.
South African fintech Lesaka to buy Bank Zero
Lesaka Technologies, the South African fintech firm formerly known as , is set to buy South African digital-only institution Bank Zero Mutual Bank in a deal worth R1.1bn (US$62m).
FusionONE Hackathon: Interview with winner Scott Hiett
Finextra spoke to the 15-year-old Marling School student Scott Hiett after his victory at Finastra’s FusionONE Hackathon, beating other developers double his age with his winning product Hyber, an AI-based foreign exchange app that allows users to grow holiday money ahead of their trip.
Stellantis Financial Services portfolio grows to $7B
Stellantis Financial Services continued to grow its U.S. portfolio in the fourth quarter as the captive’s parent company, Stellantis NV,…
Slumping EV prices force carmakers to repay leasing firms
Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip…
CME Group suffers hours-long outage
A data centre cooling system problem halted futures and options trading at the Chicago Mercantile Exchange for several hours.
More banks pay multi-million dollar penalties over WhatsApp use
Wells Fargo and BNP Paribas are among the latest banks to be hit with multi-million dollar penalties by US regulators over employee use of unofficial communication tools like WhatsApp and iMessage.
Bank of the West launches new account to combat climate change
Bank of the West is launching a checking account in partnership with 1% for the Planet,
that helps consumers to combat climate change
Blueacorn co-founder pleads guilty to PPP fraud scheme
Since the CARES Act was enacted in March 2020, 200 defendants in more than 130 criminal cases have been prosecuted and over $78 million in cash proceeds derived from fraudulently obtained PPP funds have been seized, in addition to several real estate properties and luxury items purchased with the proceeds.
Ally Financial originations down 11.3%
Ally Financial logged a decline in auto originations in the third quarter as the lender focused on improving credit performance. …
9 recipients of 2024 NARS Industry Awards
The American Recovery Association handed out nine industry awards during this year’s North American Repossessors Summit. The 2024 NARS Industry Awards recognized repossession agents as well as representatives from finance companies and service providers. Along with explanations of each award … [Read More]
SEC says SIM swap attack behind X hack
The Securities and Exchange Commission says a “SIM swap” attack was to blame for the hack on its X account earlier this month.
Alternative data key to risk-based pricing
Using alternative data supports accurate risk-based pricing for auto lenders and helps account for losses. Some lenders continue to rely…
ARA elects new president, gives 6 awards during annual convention
Along with handing out six industry awards, the American Recovery Association elected new board leadership during its annual convention last week in Reno, Nev. And there is a new president of the association, as the membership elected Todd Case of … [Read More]
Open banking payments startup Atoa raises $6.5m
Atoa Payments, a UK startup using open banking to offer merchants an alternative to debit card payments, has raised $6.5 million in seed funding round led by Peter Thiel-backed Valar Ventures.