AFP: Truist Bank exec says speed and simplicity is how to delight customers
Finextra sat down with Chris Ward, EVP enterprise payments for Truist Bank, to talk about what he sees coming in the future of payments.
Revolut suspends crypto buying for UK business customers
Revolut has suspended some crypto services for business users until it gets up to speed with new regulations on financial promotions.
UK government announces delay to Pension Dashboard initiative
The UK’s wealth management and pensions industry has expressed its disappointment at the announcement of a delay to the much anticipated Pensions Dashboard project
Lloyds and Aberdeen Investments use tokenised collateral for FX trades
In a UK-first, Lloyds Banking Group and Aberdeen Investments have used tokenised real-world assets as collateral for foreign exchange trades.
Towable values tick up 2.9% in June
Seasonal consumer demand contributed to increased towable values in June while motorhome values normalized after an abnormal surge in May….
CPS sees savings of $1M per quarter using SentiLink’s fraud prevention tools
On Monday, Consumer Portfolio Services recapped the success stemming from its decision to partner with SentiLink, a provider of advanced identity verification and fraud detection solutions. The subprime auto finance company said the partnership enabled CPS to improve its fraud … [Read More]
Podcast: Future of CFPB funding questioned
The compliance industry continues to face headwinds as funding for the Consumer Financial Protection Bureau is in jeopardy after the…
Iceberg Data Lab grows client list with Banque de France, ERAFP and Generali Group
Green fintech Iceberg Data Lab has picked up three new clients in France, including Banque de France, global insurance and asset management house Generali and pension scheme ERAFP.
FTC sues to stop ‘interconnected web’ of service providers carrying robocalls pitching phony debt relief services
The Federal Trade Commission recently sued to stop an “interconnected web” of operations responsible for delivering tens of millions of unwanted Voice Over Internet Protocol (VoIP) and ringless voicemail (RVM) phony debt service robocalls to consumers nationwide. The Department of … [Read More]
Worldpay partners BVNK for stablecoin payouts
Worldpay has enlisted BVNK to bring nearly instant global payouts in stablecoins to its clients in the US and Europe.
Klarna pauses IPO plans as Trump tariffs cause market turmoil
Klarna has paused plans for its initial public offering amid market turbulence sparked by President Donald Trump’s tariffs.
Open Lending certification volume down 8.4% year over year
Automation fintech Open Lending’s certification volume declined in the third quarter. Total certified loans, or “certs,” landed at 27,435, down…
MEP amendments to PSR APP fraud liability regime ‘undermine effective fraud prevention’
Copenhagen Economics and the Computer & Communications Industry Association (CCIA Europe) have revealed flaws in the European Parliament’s unprecedented extension of liability beyond payments services providers (PSPs) to online platforms and electronic communication service providers, such as telecom operators, who would also have to refund victims of impersonation fraud.
Credit availability worsens sequentially in May
Access to auto credit worsened for the second month in a row but improved year over year in May, while…
BMO pre-purchases direct air capture carbon removal
Bank of Montreal has pre-purchased the permanent removal of 1000 tonnes of carbon dioxide from the atmosphere through Direct Air Capture (DAC) technology.