Podcast: Regulators eye AI, aftermarket sales practices
Regulators are scrutinizing practices surrounding the use of artificial intelligence and machine learning as well as aftermarket product sales, prompting…
Esma fills in the gaps on the licensing of fintech firms across Europe
The European Securities and Markets Authority (Esma) has found regulatory gaps across EU member states in the licensing regime for crypto-asset related activities and in the governance and risk management processes associated with both cyber security and cloud outsourcing.
Powersports sales slip 4.6% year over year
The powersports market was challenged in July though an increase in promotions helped some dealers move inventory. Nearly 57% of…
HDFS losses rise, originations down 11% year over year
Harley-Davidson Financial Services’ annualized retail credit losses increased in the third quarter while North American retail sales fell by double…
SMBC and Fujitsu partner on AI-powered data analytics business
Sumitomo Mitsui Banking Corporation is teaming up with Fujitsu to explore the creation of a data analytics business they say could empower customers with better decision-making and operational efficiency.
Latvia offers fast-track pre-approval for MiCA compliance
The central bank of Latvia is bolsterings its credentials as a fintech innovation hub by launching free pre-licencing consultations for crypto-asset service providers looking to pursue the EU MiCA licence.
Temenos boosts US position through Kony acquisition
Temenos has strengthened its hand in the US by agreeing to buy digital banking SaaS outfit Kony for $559 million and an earn-out of $21 million.
Irish fintech funding slows down
Funding levels in Ireland’s fintech sector have fallen again in the last 12 months due to economic and geopolitical challenges.
From green finance to access to cash, Sunak sets out vision for UK financial services reforms
UK chancellor Rishi Sunak has published a roadmap for reforming capital markets, boosting opportunities for green investment, and protecting access to cash.
NextGen Nordics: KPIs key to achieving elusive ESG profitability
Key metrics and measuring principles need to be applied to ESG goals in order to turn them into commercially viable business goals. This means KPIs need to change. At every level.
IFGS 2023: Andrew Griffith MP announces AI and open finance ambitions for UK
Economic secretary to the Treasury, Andrew Griffith MP, spoke in a keynote speech outlining the government’s ambitions for the fintech industry during day one of the Innovate Finance Global Summit 2023.
BNY raises the IQ of AI enteprise platform Eliza with Google Cloud
BNY has integrated its entperisie AI platform, Eliza, with Google Cloud’s agentic model Gemini, providing deeper research capabilities for market analysis and equipping the company’s global workforce with access to multimodal features.
Hudson Cook adds associate to DC office
Hudson Cook added to its stable to legal experts last week, announcing that Francesca Gross has joined the firm as an associate in its Washington, D.C. office, focusing on litigation, regulatory compliance, and government investigations. Hudson Cook highlighted Gross brings … [Read More]
HSBC hires ex-SVB bankers to focus on US ‘innovation economy’
Following the collapse of Silicon Valley Bank (SVB) in March, HSBC is now hiring around 40 ex-SVB bankers to establish a new unit targeting tech, healthcare, and VC funds in the US.
Stellantis names Americas boss Filosa CEO to lead turnaround
Stellantis NV appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn…