Standard Chartered signs three-year deal with Microsoft to become ‘cloud first’ bank
Standard Chartertered has signed a three-year deal with Microsoft as part of its ambition to become a ‘cloud-first’ bank.
TD Bank fined $3bn after money laundering guilty plea
TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.
Auto incentives hold steady ahead of tariff disruption
Auto incentives have seen little change today, but upcoming tariffs could change that. The average transaction price of a new…
GM, Ford shares get downgrades as banks warn of tariff impacts
Major US automakers saw their shares downgraded on Thursday as banks warned of higher costs and lower demand brought on…
Up to a fifth of capital markets jobs at risk from automation
Four hundred thousand capital markets jobs could disappear over the next decade as advances in artificial intelligence and technology decimate the workforce, according to forecasts by consultancy Opimas.
PAR promotes 2 executives who have more than 20 years with parent company
PAR North America (PAR) promoted a pair of its executives on Thursday, rewarding them for being with KAR Global for more than 20 years combined. Taking on more responsibility for the business unit whose clients range from the largest banks, … [Read More]
One Big Beautiful Bill signing cuts CFPB budget nearly in half
Fireworks exploding near the White House and Capitol Hill during Fourth of July were more than just recognizing Independence Day. President Trump and Republicans cheered passage and the signing of the One Big Beautiful Bill into law, which included a … [Read More]
Klarna to launch digital wallet and debit card in UK
BNPL provider Klarna has fired the first shots in its assault on UK bank’s retail business with the launch of a debit card and a digital wallet.
ANZ transformation head to leave bank
The executive charged with managing ANZ’s digital transformation project is to leave the bank in October while the specialist ‘agile’ teams will be folded into the bank’s general technology unit.
Consumers ‘upside down’ on used RVs
RV dealers and lenders will need to work together to navigate trade-in challenges that are likely to persist through 2026…
Indian fintech Pine Labs plans IPO
Pine Labs, the India-based payments firm, is looking to raise more than $300m from its planned listing.
Wells Fargo accidentally leaks data relating to 50,000 of its top clients
Barely months after coming up for air over the fake accounting scandal, Wells Fargo is facing further scrutiny, this time over a data breach that saw the accounts of 50,000 of its wealthiest clients accidentally leaked to a former employee.
Goldman Sachs wants to create AI that thinks and acts like a seasoned banker
Goldman Sachs is rolling out a Generative AI assistant to its staff in the first stage of a programme that aims to create a bot capable of thinking and acting like a veteran employee.
Auto defaults approach 1% reading in February
Perhaps normalcy with auto defaults is near since the latest rate reading is just 5 basis points away from being at or above 1%. The rate hasn’t been at that level since the end of 2019. According to data through … [Read More]
Banque de France and Monetary Authority of Singapore complete post-quantum cryptography trial
The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) have completed a groundbreaking joint experiment in post-quantum cryptography (PQC) to strengthen internet communications and data transfers conducted across continents.