Inside the Wells Fargo, Volkswagen Financial Services deal
Volkswagen, Audi and Ducati dealers stand to benefit from enhanced incentive programs and digital capabilities following the launch of a…
SS&C completes $1bn acquisition of Calastone
Investor services technology provider SS&C Technologies has finalised its purchase of funds processing network Calastone, concluding one of the largest deals between investment management technology firms in recent years.
BNP Paribas Asset Management launches market commentary service for Alexa
BNP Paribas Asset Management has launched a service that lets users access voice-activated market commentary and thought leadership through Amazon Alexa-enabled devices.
FS industry ready to shift from Open Banking to ‘Open X’ – Capgemini
The financial services industry is already looking beyond Open Banking to the next phase of innovation, ‘Open X’, which will require deeper collaboration and specialisation, claims the latest World Fintech report from Capgemini.
DTCC buys blockchain outfit Securrency
The Depository Trust & Clearing Corporation (DTCC) has agreed to buy blockchain-based fintech Securrency. Financial terms were not disclosed.
Protective to acquire Portfolio, enhancing dealer wealth and F&I solutions
Two well-known names in the F&I and reinsurance arenas — Protective Asset Protection and Portfolio — are now on track to be part of the same organization serving dealerships. On Thursday morning, Protective Life Corp., a U.S. subsidiary of Dai-ichi … [Read More]
Morgan Stanley rolls out AskResearchGPT to institutional securities staff
Morgan Stanley has rolled out a generative AI-powered assistant to support staff in surfacing and distilling insights from its extensive research library.
El Salvador splits bitcoin reserve into multiple wallets to protect from quantum attacks
El Salvador is to split its vast bitcoin reserves into multiple wallets to protect the holdings from a potential future quantum computing attack.
Lucid to cut 400 jobs in latest sign of stress for EV market
Lucid Group Inc. will eliminate about 400 jobs in the coming months, the latest move by an electric-vehicle maker to…
TSB calls on Meta to do more to prevent spiralling levels of fraud
TSB chief executive Robin Mulloch has writtten to Meta demanding that the social media firm does more to protect consumers from fraud originating on its platforms.
CFPB co-founder: Agency will ‘rise from the ashes’
The immediate future is uncertain for the Consumer Financial Protection Bureau, and it might experience downsizing and less regulatory enforcement, but…
European authorities lay out good practices for financial education
European Supervisory Authorities have put together a report offering good practice guidance for financial education initiatives on scams, fraud and cybersecurity.
Revolut appoints Cossa-Dumurgier CEO of new Western European HQ
Revolut has brought in BNP Paribas veteran Béatrice Cossa-Dumurgier to lead its €1 billion bid to crack France as CEO of its new Western European headquarters in Paris.
Global fintech funding halves
Global capital investment in fintech nearly halved in 2023 to $51 billion, with the UK seeing an even sharper decline, according to Innovate Finance data.
2 hopeful thoughts for automotive even as interest rates rise another 25 basis points
The Federal Reserve raised interest rates another 25 basis points this week to leave the federal funds rate at 5.25-5.5%. But two leading automotive economists as well as another top industry analyst remain hopeful on two important fronts for dealerships … [Read More]