Chancellor and BofE governor bang the post-Brexit drum for UK fintech
Phillip Hammond, the UK Chancellor, has highlighted the critical role played by fintech in helping the UK to mitigate any negative economic impact that may result from Brexit.
Caroline Ellison gets two-year prison sentence for part in FTX fraud
Caroline Ellison, the former girlfriend of FTX co-founder Sam Bankman-Fried, has been sentenced to two years in prison for her part in the crypto exchange’s collapse.
Fi Money’s ‘Magic Lens’ gives users a true picture of their net worth
Indian money management firm Fi Money is giving users a comprehensive overview of their financial net worth by snapping photos of physical assets and providing an instant valuation.
Big Wheels: Citizens to kick off first auto ABS issuance of 2024
Citizens Financial Group is gearing up to issue the industry’s first prime auto asset-backed securities transaction of the year following…
Tandem turns in first underlying profit
UK challenger bank Tandem has reported its first full year of underlying profit, joining fellow challengers Monzo and Starling on the path to profitability.
Finastra calls developers for community bank-focused appathon
Finastra is running its first public appathon, inviting fintech firms and developers to build applications that help North American community banks and credit unions.
Credit availability dips 3%, affordability improves
While affordability improved in January, credit availability worsened as lenders tightened credit standards and approval rates declined. Credit access decreased…
Irish banks unite to take on Revolut with P2P payments app
Ireland’s top three retail banks are to jointly launch a mobile payment service, Zip Pay, next year to rival fintech giant Revolut.
Morgan Stanley and Soros join $200m round for bitcoin firm NYDIG
Morgan Stanley and Soros Investment Fund have joined a $200 million growth capital round for NYDIG, the cryptocurrency technology firm at the centre of Wall Street’s recent embrace of bitcoin.
Canadian securities watchdog shut down systems following cybersecurity threat
The Canadian Investment Regulatory Organization (Ciro) says it shut down some of its systems last week after identifying a “cybersecurity threat”.
BNP Paribas aims for improved resilience with new IBM Cloud deal
BNP Paribas is to dedicate a new area in its data centres for IBM Cloud services as part of an effort to strengthen resilience and meet new laws under the EU’s Digital Operational Resilience Act (Dora).
Thoma Bravo buys stake in Trading Technologies
Private equity giant Thoma Bravo has bought a stake in capital markets tech provider Trading Technologies (TT).
Edmunds: While used-financing trends remain stable, 2 records set involving new cars in Q1
If it took some extra finagling to get your contracts bought during the first quarter — especially in connection with new vehicles — the latest financing data from Edmunds might support the reasons why. While the metrics for used-car financing … [Read More]
‘Hundreds of dealers’ join Market Scan following CDK attacks
Data and payment analytics provider Market Scan, part of S&P Global Mobility, is promoting its mDesking solution so dealers can…
Survey: 27% of consumers do not review their credit report annually
It’s nearly automatic that one of the first things a finance company does to examine an applicant is check the individual’s credit report. But consumers doing that process on their own doesn’t appear to be so habitual, as a new … [Read More]