Citizens’ auto portfolio continues runoff
Citizens Financial continued to run off its auto portfolio in the fourth quarter following the bank’s exit from indirect lending…
PAR hires Dave Baker as vice president
SGX to move blockchain platform to Amazon Web Services
The Singapore Exchange is to port its investments in Hyperledger Fabric to Amazon Web Services as the big tech giant unveils its cloud-based Managed Blockchain network.
Coinbase and Tink bring Pay by Bank crypto payments to Germany
Coinbase is teaming up with Visa-owned open banking specialist Tink to enable crypto purchases via Pay by Bank in Germany.
Payments app Cardeo shuts down
UK credit card management app Cardeo is closing its doors after failing to find fresh investment to keep the firm afloat.
Alipay’s agentic AI tech goes live with coffee ordering app Luckin
Singaporean mobile coffee ordering app Luckin Coffee has integrated with Alipay’s AI agent for agentic ordering and payments via a conversational interface.
Bank of America launches digital 401(k) and retirement planning
Bank of America’s recent Workplace Benefits Report reveals that the two key areas where employees need financial wellness resources are: retirement education and planning, and learning how to generate income in retirement.
Tricolor stopped paying rent before Chapter 7 filing, some landlords say
Nearly a dozen of subprime lender Tricolor’s landlords have filed appearances in its bankruptcy case, with multiple saying the subprime…
Aussie regulator sues eToro over CFD over-reach
The Australian Securities and Investments Commission is suing online investment platform eToro over an alleged failure to act honestly and fairly in the marketing of its contract for differences (CFD) product, leaving 77% of retail clients out-of-pocket.
Space Coast CU bullish on auto despite market slowdown
Space Coast Credit Union is prioritizing auto lending despite an overall slowdown in finance volume in the market and increased…
Multiple discussions about repossessions & recoveries on deck for Used Car Week
OpenAI and Stripe team on ChatGPT payments
OpenAI has joined forces with Stripe to let people make purchases from within ChatGPT.
Securitized auto loan performance deteriorating
MIAMI — Credit performance across securitized auto loans is deteriorating, particularly in the subprime sector, as consumers feel the pressure…
FCA’s targeted support proposal sparks debate on advice boundaries and consumer access
The UK’s Financial Conduct Authority (FCA) has released rules for targeted support, which would allow organisations to provide guidance to specific consumers on financial products that would best suit them.














