PayPal unveils ‘Pay with Crypto’ feature
PayPal is launching a service that enables businesses to accept payments in more than 100 cryptocurrencies.
Under the Hood: Lenders seek to expand sales, IT, collections teams
Collection and IT executives are still high on lenders’ hiring lists, but sales and origination staff are also in increasingly…
FCA to remove £100 contactless limit
The UK Financial Conduct Authority is planning to remove the £100 contactless limit and implement an open finance regime tackling SME financing.
Belgium’s InvestSuite raises EUR2m
Belgian B2B wealthtech startup InvestSuite has topped up its seed funding round with an extra EUR2 million.
Finom secures $105 million growth investment from General Catalyst
Finom, the Amsterdam-based financial management platform for SMEs and freelancers, has secured a $105 million growth investment from the Customer Value Fund of long-time investor General Catalyst.
FCA seeks improvement to digital loan processes
The UK’s Financial Conduct Authority has called for improvements in digital loans processes to help people better understand what they’re signing up for.
Federal & state regulators revisit elder financial exploitation
It might very well be the case that a 97-year-old consumer is applying for financing to take delivery of a $97,000 luxury SUV. Or it could be someone with illegal intentions trying to take advantage of that elderly individual. Last … [Read More]
Launcher integrates with TurboPass to boost underwriting
Two technology providers specializing in originations and underwriting announced this week they’re now working together. Launcher finalized an integration partnership with TurboPass, enhancing multi-verification capabilities and simplifying the funding process for mutual finance company clients utilizing Launcher’s appTRAKER Loan Origination … [Read More]
FCA fines Equifax £11m for major consumer data breach
The Financial Conduct Authority (FCA) has fined Equifax over £11 million for failing to protect their customers from a data breach outsourced to its US parent company.
ISDA and Ant International call for common industry framework for asset tokenisation
The uptake of tokenised bank liabilities and shared ledgers in transaction banking services could lower cross-border currency costs by 12.5%, saving businesses more than US$50 billion by 2030, according to a report by the International Swaps and Derivatives Association (ISDA) and Ant International.
Spoofing site fraudster gets 13-year prison sentence
The man behind an international one stop spoofing shop, which enabled criminals to appear as if they were calling from banks, tax offices and other official bodies, has been sentenced to 13 years in prison.
SEC charges JP Morgan affiliates $151 million
The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five separate actions.
BBVA Mexico overhauls cards
BBVA Mexico is giving its credit and debit cards a makeover, adding biometrics, removing printed data and using recycled plastic.
Charging installations drop as Trump ramps up attacks on EVs
Installation of high-speed chargers across the US fell by more than 21% in the first quarter compared to the year-earlier…
Tricolor’s new loan-service team is locked out of the building
Inside the sleek glass-and-stone headquarters of Tricolor Holdings, the remains of an auto-lending juggernaut plunged suddenly into bankruptcy were visible…