NatWest to pilot carbon tracking app with SMEs
NatWest is to launch a carbon tracking app for SMEs after conducting research which revealed that nine out of ten firms are unaware of their business’s total carbon emissions.
Dealers not expecting immediate sales jolt from third interest-rate cut of the year
On Wednesday, the Federal Reserve lowered the federal funds rate for the third time this year, reducing the range to 3.5% to 3.75%. The latest Cox Automotive Dealer Sentiment Index showed the economy remains the top factor holding back business, … [Read More]
Sustainable Finance Live: How investment opportunities can transform the greenhouse gas landscape
Finextra Research and ResponsibleRisk today hosted Sustainable Finance Live, the first virtual workshop in series of events designed to create actionable ESGtech strategies and build an ecosystem of partnerships that will turn strategy into reality.
Macquarie Asset Management to pay nearly $80 million in SEC fraud charges
Macquarie Investment Management Business Trust (MIMBT), a registered investment advisor of Macquarie Asset Management, is to pay $79.8 million in a settlement with the US Securities and Exchange Commission (SEC) in connection with overvaluing assets and engaging in unlawful cross trades.
Lloyds Banking Group to acquire WealthTech Embark
Lloyds Banking Group is to acquire self-directed wealth platform Embark Group for £390 million.
Car Capital pauses originations, reduces workforce
In separate letters sent to its investors and dealer clients on Wednesday, Car Capital said it is still in business, but it paused auto finance originations due to “difficult capital market conditions.” As a result, Car Capital also said it … [Read More]
What consumers think about auto financing as next potential interest rate move nears
As the Federal Reserve approaches its next opportunity to modify interest rates on Wednesday, findings from a new survey orchestrated by Santander Holdings USA perhaps reinforced perceptions already held by auto finance leaders. Santander reported on Monday that American consumers … [Read More]
Fake job interview dupes Chilean ATM network employee into downloading malware
North Korean hackers tricked a staffer at Chilean interbank network Redbanc into a fake Skype job interview and then duped him into downloading malware onto his work computer, according to local press reports.
Mastercard partners KBC spinoff on micro-investing service
EveryoneInvested, a wealthtech spinoff from KBC Asset Management, has joined forces with Mastercard to offer European banks technology that lets their customers invest spare change.
Bitwise makes European play with ETC Group acquisition
US crypto index fund manager Bitwise Asset Management has expanded into Europe through the acquisition of London-based crypto exchange-traded product issuer ETC Group. Financial terms were not disclosed.
TransUnion connects student-loan performance concerns to auto finance
A new survey from TransUnion highlighted a growing concern related to student loans that might impact your auto-finance portfolio. TransUnion said millions of delinquent federal student loan borrowers are bracing for the possible resumption of involuntary collections by the U.S. … [Read More]
Capital One’s tech stack drives growth opportunities
Capital One Auto Finance is using its enhanced underwriting technology to tap into opportunities to grow originations and meet market…
Danske Bank introduces carbon neutral mortgage
Danske Bank’s Northern Ireland unit has launched the UK’s first mortgage to be certified as carbon neutral.
U.S. boat registrations down 4% year over year
U. .S. boat registrations inched down year over year in July as marine manufacturers worked to align shipments with dealer…
Wise shareholders back plan to move listing to the US
Wise shareholders have voted in favour of the fintech’s plan to shift its primary listing from London to the US.