Fintech Origence’s funding ratio drops 5.3 ppts
Origence’s funding ratio dropped through the first half of the year even as application volume increased among its credit union…
Carvana originations jump 59%, Ally Financial agreement upsized
Carvana’s originations jumped 58.8% year over year in the third quarter and the retailer extended and increased its forward-flow deal…
Churchill insurance added to Starling Marketplace
Starling customers can now apply directly from within the challenger bank’s app for home insurance from Churchill Insurance.
SocGen and Kyriba co-develop cloud-based treasury management system
Societe Generale has joined forces with Kyriba to develop a new cloud-based treasury management system.
Under the Hood: Low-income borrowers face payment struggle
Pandemic-era forbearance programs have run their course, putting auto loan delinquency rates — particularly for low-income borrowers — on an…
Stripe forms issuer partnerships to help fight fraud
Stripe has launched an “enhanced issuer network”: a set of partnerships with US card issuers designed to help businesses rescue fraud and boost authorisation rates.
Temenos sells Multifonds for $400 million
Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.
ABN Amro wrangles stake in Trifacta
ABN Amro’s Digital Impact Fund has acquired a stake in US data wrangling outfit Trifacta.
AI compliance fintech Kobalt Labs wins 2025 Demo Challenge
Kobalt Labs, a fintech that built an operates an AI copilot to automate compliance reviews, was crowned the winner of…
One-third of retail banks planning to build digital brands
As many as a third of retail banks are looking to build a greenfield digital bank to ward off competition from upstart challengers and cherry-picking fintechs.
Monzo and Starling co-founder invests in UK fintech startup Monet
Monet, a financial cashflow startup targetting the creative industry sector, has secured an early-stage funding commitment of £17 million led by prominent UK banking executives ahead of closing its seed round this July.
Chase Auto’s Mike Douglas to lead dealer services, other staff moves
Mike Douglas will oversee Chase Auto’s commercial and retail businesses as the bank’s new head of dealer services. Effective this…
Wealthtech OneVest raises CAD$17m
Canadian Wealth-as-a-Service outfit OneVest has raised CAD$17M in Series A funding led by Omers Ventures
RBS to host Edinburgh financial inclusion hackathon
Royal Bank of Scotland is joining forces with Innovate Finance and Founders of the Future to run a 48-hour hackathon in Edinburgh focused on technology that helps bank the unbanked.
UK fintechs compete for £1.5m open banking challenge prize pool
More than 100 fintech firms have applied to take part in the UK’s Open Up 2020 Challenge, which will see them compete to unlock the power of open banking and bag a share of a £1.5 million prize fund.