Remitee raises $20m for embedded remittances
Embedded remittance infrastructure provider Remitee has raised $20 million to help banks, fintechs, and retailers integrate instant cross-border payments directly into their apps and platforms.
Metric cruiser motorcycle values fall 10% YoY
While most powersports segment values are holding strong after an early start to the seasonal sales season, prices of metric…
White paper examines cloud technology for managing consumer debt communications
Nordis Technologies recently unveiled a new white paper that asserted cloud-based customer communications management (CCM) technology enables billing and collections firms to keep up with proliferating rules and requirements for how they are allowed to communicate with consumers about delinquent … [Read More]
Got £20 a month to spare? Santander has a robo-advisor just for you
Banco Santander has launched a mass-market robo-advisory service for customers with as little as £20 a month to set aside.
Strike Acceptance takes aim at ABS market (Under the Hood)
While a dozen credit unions have debuted securitizations in the past few years, fledgling finance company securitizers have been a…
UBS to invest $200 million in fintech startups
UBS is to invest $200 million in fintech startups through a new venture fund that will underpin internal modernisation efforts and strengthen strategic partnerships.
Utila raises $18m for institutional digital asset wallets
Digital assets operations platform Utila has raised $18 million to help it cash in on the rising popularity of stablecoins.
Fintech association sues CFPB over BNPL rule
The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) new buy now, pay later rules.
Bottom line from Open Lending’s new benchmark report about near- and non-prime consumers
Along with three other major findings, the second annual Lending Enablement Benchmark Report from Open Lending Corp. gave this bottom line. The near- and non-prime market share has reached a five-year low. Open Lending highlighted that in 2019, near- and … [Read More]
VantageScore: Early-stage delinquencies at highest point in 5 years
Along with slowing originations, the latest edition of CreditGauge by VantageScore showed delinquencies throughout the credit market are on the rise. Analysts reported on Tuesday that overall credit delinquencies edged higher in September, with delinquencies 30 to 59 days past … [Read More]
PayPal to bring 100 AI and data science jobs to Dublin
PayPal is creating 100 jobs through the creation of an AI and fraud data science centre in Dublin.
Credit Acceptance shares another unscheduled update to address ‘select inquiries’
For the second time in a little more than a month, Credit Acceptance filed a form 8-K with the Securities and Exchange Commission to respond to “select inquiries” that the subprime auto finance companies has received through Monday. The one … [Read More]
Communications surveillance outfit VoxSmart raises $12m
London-based communications surveillance group VoxSmart has raised $12 million in funding from existing investors, including ToscaFund.
Open finance challenge winners unveiled
An Australian startup working to green the housing market has won a global open finance challenge run by NAB, CIBC, Itaú Unibanco and NatWest.
NatWest launches Energy Help and Support tool for UK SMEs
NatWest has launched a new digital tool to help the UK’s 5.5 million small businesses to save on their energy bills while reducing their emissions.