Tricolor update: Lender TBK must wait to sell 1,495 vehicles
Judge Michelle Larson in a court hearing today delayed a relief from stay motion by Dallas-based lender TBK Bank that…
BBVA rolls out global component library for design staff
BBVA has created a global platform for developers and user experience creatives to mix and match components for re-use in other applications.
Bank of England opens consultation on stablecoin regulations
The Bank of England has published a consultation paper (CP) setting out its proposed regulatory regime for sterling-denominated systemic stablecoins, including a cap on holdings for individuals and businesses.
Morgan Stanley to buy private shares platform EquityZen
Morgan Stanley has struck a deal to buy EquityZen, a trading platform for shares in private companies. Financial terms of the deal were not disclosed.
Finastra and Visa introduce global BaaS offering integrating Visa Direct
Finastra and Visa are working on a Banking-as-a-Service collaboration that will enable thousands of banks and financial institutions to offer faster cross-border payouts for their customers via Visa Direct.
Global payments in 2024: Simpler interfaces, complex reality
Global payment revenues will remain robust over the next five years, enabling the sector to unlock an additional $700 billion by 2028, according to a McKinsey report.
Podcast: Unlocking EV potential through leases, used market
Leasing an EV or buying a used one offers a more affordable option in today’s challenging market, but many consumers…
Metro Bank to deploy AI across corporate and commercial loan book
Metro Bank is to implement an agentic AI platform from Covecta to slash the time taken to process loans across its corporate and commercial credit businesses
Big Wheels: Auto finance industry performance stable
The auto finance industry’s overall performance has been relatively stable for the past two months. Auto Finance News’ proprietary Auto…
Avaloq stake suitors include ION and NEC – Bloomberg
ION, NEC and a host of private equity firms are in the running to buy Warburg Pincus’s 45% stake in Swiss fintech house Avaloq, according to Bloomberg.
Line5 & MenuMetric integrate to streamline F&I product selection
Line5 announced a new integration with MenuMetric last week in a move the service providers said can generate a seamless and efficient experience for both dealerships and their customers. This strategic partnership aims to enhance the efficiency of F&I product … [Read More]
Younger Americans more positive about their financial future
While Cox Automotive mentioned that overall consumer sentiment has been steadily improving, TransUnion discovered the youngest generations continue to be more optimistic about their financial future in the next 12 months than their older counterparts. The latest TransUnion Consumer Pulse … [Read More]
Big Wheels: Ally Financial stock price rises post Q1 earnings
Ally Financial’s stock rallied after strong first-quarter earnings released today, closing the day at $38.71, a 6.7% gain after it…
How to drive business value with APIs in the cloud
The cloud simplifies and accelerates delivery of open banking standards, providing opportunities to improve awareness, transparency, and scale. Industry players would benefit by forging ahead with more effective and structured collaboration, facilitated by application programming interface (API) standardisation and shared customer data insights.
Amazon launches AI agent that can shop online
Amazon has unveiled an AI agent trained to independently perform actions, such as order and pay for things, within a web browser.