Fluency to test offline and programmable payments for ECB’s digital euro project
The European Central Bank has selected UK-based deep tech company Fluency to run intiatives in programmable and offline payments for the digital euro project.
TT boosts cross-asset offering with Abel Noser Solutions acquisition
Capital markets tech vendor Trading Technologies has agreed to buy Abel Noser Solutions (ANS), a provider of transaction cost analysis for investment managers, brokers, asset owners and consultants. Financial terms of the deal were not disclosed.
Carvana originations up 38% YoY
Carvana’s originations increased in the second quarter, driven by growth in retail sales, as results continued to exceed expectations. The…
New-vehicle affordability at best level in 45 months
New-vehicle prices and interest rates declined year over year while consumer income rose in March, contributing to the best new-vehicle…
Average auto loan rejection rate highest since 2013 (Big Wheels)
The average rejection rate for auto loans through October increased year over year to the highest reading since 2013. The…
NatWest launches advent calendar to warn Brits about scams
As fraudsters gear up to take advantage of the Christmas period, NatWest has launched an advent calendar designed to educate Brits on the threat of common purchase scams.
US Bank joins robo investment movement with FutureAdvisor
US Bank is the latest large financial institution to team up with an automated investment platform to provide online financial advice to wealth management clients, forming an alliance with BlackRock-owned FutureAdvisor.
Central banks ponder the risks of tokenisation
Tokenisation of money has many benefits, but also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential, says the Bank for International Settlements.
How developers can leverage retail banking open APIs
Developers are now able to tap into the potential of PSD2 and open banking with no prior core banking experience and leverage open APIs to build retail banking applications. Anand Subbaraman, VP and general manager of retail banking, at Finastra believes that the potential for open APIs is limitless, and we are now in the fourth generation of banking.
UK’s Tech Nation announces latest fintech cohort
Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation’s fintech programme.
Private banking startup Kashet raises £5.4 million
Kashet, a Swiss-UK-based private banking startup, has come out of stealth mode after raising £5.4 million in an initial funding round.
COMMENTARY: Projecting impact on repossessions as debt burdens grow
During tax season, the auto-repossession sector typically sees a dip in repossessions as customers receive additional cash and pay down their obligations. Recent data from Fitch Ratings and the Federal Reserve Bank of New York indicate a concerning rise in … [Read More]
SEC clarifies regulatory status of meme coins
The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance released a staff statement on 27 February 2025 clarifying that meme coins are not considered securities.
US unemployment rate rises again, cementing path to Fed rate cut
US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years, suggesting…
FS giants invest in CloudMargin
Citi, Deutsche Bank and Deutsche Börse have joined a $15 million Series B funding round for collateral and margin management outfit CloudMargin.