Airwallex in talks on funding at $6bn valuation – report
Singapore-based payments firm Airwallex is in talks to raise $200 million at a $6 billion valuation, according to Bloomberg.
Santander InnoVentures invests in Roostify
Santander InnoVentures has led an expansion funding round for San Francisco-based digital mortgage lending platform Roostify. The size of the round has not been disclosed.
US Bank names BBVA’s Derek White chief digital officer
US Bank has hired Barclays and BBVA veteran Derek White as its first chief digital officer, putting him in charge of a new combined digital team.
Finastra adds first bitcoin wallet to banking app store
Allied Payment Network has launched a bitcoin wallet app for banks and credit unions on Finastra’s FusionStore.
Explaining likelihood of another interest-rate cut coming this week
Comerica Bank predicted on Monday that the Federal Reserve will lower the federal funds target rate by a quarter percent to a range of 3.75% to 4.00% when policymakers have their next meeting on Wednesday. How the Fed potentially arrives … [Read More]
Cox Automotive: Credit availability improved again in March
A spring thaw happened in many locations during March, including the auto-finance market. Cox Automotive reported on Wednesday that access to auto credit improved last month. The Dealertrack Credit Availability Index increased to 94.0 in March, improving for the second … [Read More]
Klarna hits 11 million UK customers
Swedish BNPL giant Klarna has crossed 11 million active customers in the UK and has doubled its merchant base in a year to 60,000,
Fintech venture builder OT09 emerges from stealth
0TO9, a pan-European fintech venture builder and investor backed by an all-star team of serial entrepreneuers, has emerged from stealth with the ambition to start and scale 1,000 profitable fintechs by 2045.
Plaid and Robinhood vets raise $75m for early-stage VC fund
Exponent Founders Capital, an early-stage venture capital firm led by former Plaid and Robinhood staffers, has raised $75 million for a fund to invest in startups from a host of sectors, including fintech.
CFPB drops suit against JPMorgan, BofA and Wells Fargo over Zelle fraud
The Consumer Financial Protection Bureau has dropped a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo which had accused the banks of allowing fraud to “fester” on P2P payments platform Zelle.
US retail sales barely rise, suggesting some spending pullback
Growth in US retail sales decelerated notably in April, reflecting consumers pulled back spending on cars, sporting goods and other…
Outgoing Refinitiv boss Craig to co-chair new nature-related risk taskforce
David Craig, the former CEO of Refinitiv, has resurfaced as co-chairman of a new market-led Taskforce on Nature-related Financial Disclosures (TNFD), which will support business in assessing emerging nature-related risks and opportunities.
CFPB fires employee who sent consumer data to personal email
The Consumer Financial Protection Bureau (CFPB) says it has suffered a data breach which saw an employee forward the personal information of more than quarter of a million Americans to a personal email account.
Citi Ventures invests in bank-to-bank loan marketplace Capstack
Capstack Technologies, a bank-to-bank marketplace designed to mitigate asset risk, has secured a strategic investment from Citi Ventures.
Bowman to axe 30% of the Fed’s bank-supervision staff
US Federal Reserve chair Michelle Bowman will cut 30% of staff in the bank-supervision unit, according to an email sent to staff on Thursday.