Off the Lot: The ramifications of EV transition
Lately, wherever you turn in the automotive world, there are stories about electric vehicles, focusing on current pricing, new entrants,…
G20 TechSprint Initiative invites firm to tackle green finance
The BIS Innovation Hub and the Bank of Italy are launching a virtual hackathon-style competition to find new technological ways to tackle challenges in green and sustainable finance.
Thunes raises $150 million in Series D
Cross-border payments company Thunes has raised $150 million in Series D funding, led by Apis Partners and Vitruvian Partners.
Temenos signs new Scottish neobank Alba
New Scottish SME challenger bank Alba is to run its business on Temenos’ packaged cloud-native software, a model bank package that has been taken up by other neobanks across the world, including Varo Money, Praxia, Volt Bank, Judo Bank and Grasshopper Bank
ABF experts call on auto lenders for assistance to mitigate fraud
As the market calls for more transparency, auto lenders should assist potential investors in understanding their business model to avoid…
Citi invests in commercial lending platform Numerated
Citi has made a strategic investment in Numerated as part of a wider partnership with the AI-powered modular commercial lending platform.
Auto-credit availability dips for fourth consecutive month
The flow of credit from the auto-finance spigot is steadily decreasing. The Dealertrack Credit Availability Index now has declined for four months in a row, as Cox Automotive reported the July reading at 92.9. That index level represented a 1.0% … [Read More]
MBSi bolsters toolbox again with new agent invoice solution
Within a month of rolling out a tool designed to automatically verify lienholder changes, MBSi introduced another solution aimed at improving processes associated with vehicle repossessions. MBSi highlighted that this new tool — Smart Invoicing — was designed in collaboration … [Read More]
Esma calls for 2027 EU T+1 migration
The European Securities and Markets Authority (Esma) has called for the EU to migrate to a T+1 settlement cycle by October 2027, ensuring coordination with the UK.
CFPB funding under new scrutiny
The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding. …
Compliance professionals split over value of AI
Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence.
AI agents ace cash management tasks – BIS research
Generative AI agents can replicate key cash-management tasks – even without specialised training, according to a Bank for International Settlements working paper.
Klarna’s AI chatbot does the equivalent work of 700 full-time humans
Klarna says its OpenAI-powered chatbot is doing the equivalent work of 700 full-time agents after its global launch last month.
ABN Amro app lets customers see current accounts from other banks
ABN Amro is getting to grips with PSD2, enabling customers to access their current accounts with other providers through its app.