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State Street signs up for AWS Backup service

Financial services giant State Street is one of the first firms to sign on for Amazon Web Services’ new AWS Backup, a fully-managed, centralised service to automate backups of data and meet regulatory requirements.

Mastercard rolls out Open Banking suite

Mastercard has unveiled a suite of open banking applications and services designed to help financial institutions and third party providers make the most of the PSD2 era.

CFPB reiterates position on repos & SCRA

A trio of officials from the Consumer Financial Protection Bureau reiterated their position about repossessions and Servicemembers Civil Relief Act (SCRA). Earlier this week, Patrick Brick, Ryan Kelly and Chris Kukla published a blog post on the bureau’s website recapping … [Read More]

Standard Chartered backs StraitsX stablecoins

Standard Chartered Bank is stepping deeper into the stablecoin space through a strategic partnership with StraitsX, a Singapore-licensed stablecoin issuer, to strengthen the reserve management of its US Dollar and Singapore Dollar stablecoins, XUSD and XSGD.

Credit Acceptance welcomes Mohan as CTO

Just before Halloween night, Credit Acceptance announced an addition to its senior leadership team. Ravi Mohan joined the subprime auto finance company as chief technology officer as of Oct. 24. In his role, Credit Acceptance said Mohan will be responsible … [Read More]

Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.