Westpac adds anti-scam feature
Australian bank Westpac is adding a security layer for online payments as it seeks to address record customer losses to scams.
Yonder secures £62.5 million in Series A funding
Rewards credit card startup Yonder has secured £12.5 million in equity and a £50 million credit line to scale operations.
NCR Voyix sells digital banking business for $2.45bn
NCR Voyix has entered an agreement to sell its cloud-based digital banking business for $2.45 billion in cash to Veritas Capital.
Higher losses prompt rating downgrades on subprime securitizations
S&P Global has again lowered its ratings on a 2022 Flagship Credit Acceptance auto securities transaction as loss expectations rise…
Broadridge preps India hiring spree
American fintech Broadridge is ramping up it headcount in India as it bids to cash in on the emerging economic superpower’s rapidly-growing potential customer base.
ABN Amro merges fintech venture fund with Motive Partners
Motive Ventures is to take over the running of ABN Amro’s Venture Fund (AAV), consisting of 15 early-stage fintech startups.
Experienced former regulatory leader joins YASSI board of directors
Yotta Automated Software Solutions (YASSI), a provider of live vehicle and title data intelligence for the vehicle, lending and insurance industries, welcomed Anne Ferro to its board of directors this week. Ferro possesses more than three decades of leadership experience … [Read More]
Sixth Street to acquire Global Lending Services
Evidently the investment world isn’t completely sour on subprime auto financing despite what’s transpired in the industry segment recently. On Wednesday afternoon, Global Lending Services (GLS) announced it has entered into a definitive agreement to be acquired by Sixth Street, … [Read More]
National Bank of Canada takes majority stake in data sharing startup Flinks
National Bank of Canada is paying C$103 million for a majority stake in Flinks, a Montreal-based data aggregation startup.
Klarna goes to market with elevated price tag
BNPL giant Klarna has priced its IPO at $40.00 per share, providing an elevated valuation of $15 billion.
Block to pay $40m penalty for AML failures
Block will pay a $40 million penalty to New York regulators for “significant failures” in anti-money laundering programme and virtual currency compliance failures on its Cash App platform.
TransUnion: Higher-risk consumers fuel double-digit jump in Q1 car-insurance shopping
Fueled in part by what analysts deemed to be higher-risk consumers, auto insurance shopping in the first quarter increased 10% compared to the same period in 2024, according to TransUnion research. And Mercury Insurance reiterated that credit scores can be … [Read More]
Europe must provide more support for stablecoins or face subservience to the US dollar
Jürgen Schaaf, an economist and advisor to the European Central Bank’s Market Infrastructure and Payments division, says more support should be provided for properly regulated euro-denominated stablecoins to ward off the threat posed by US dollar-backed tokens.
Goldman Sachs joins $170m funding round for French fintech Younited
Younited, a Paris-based credit and payment platform, has raised $170 million in a funding round joined by Goldman Sachs and Bridgepoint.
NatWest adopts Pexa digital remortgage platform
NatWest has agreed a deal with vendor Pexa to start carrying out digital remortgage deals from next year.