LCH gets green light to clear Bitcoin index derivatives
London Stock Exchange Group-owned LCH has secured regulatory approval to clear cash-settled Bitcoin index futures and options contracts.
Carvana originations nearly flat as credit tightens
Used-vehicle retailer Carvana’s loan originations ticked down in the fourth quarter following months of credit tightening as the company eyes…
JPMorgan rolls out sustainable investment data product suite
JPMorgan is to equip institutional investors with sustainable investment data cherry-picked from a raft of market data providers.
Starling to invest $50 million to take Engine to the Americas; hires Jody Bhagat to spearhead push
Starling Bank’s SaaS arm, Engine, has named industry veteran Jody Bhagat to lead its expansion into North America.
Swiss crypto firm launches university courses
Swiss crypto bank Seba has sought to address the potential skills gap in emerging technology by launching a blockchain-themed university education course.
Automakers extend $7,500 EV discount after federal subsidy expires
General Motors Co., Hyundai Motor Co. and Ford Motor Co. said they would extend discounts on certain electric models after…
Fifth Third Bank faces $200M in provisions from Tricolor ‘fraud’
Fifth Third’s auto portfolio grew in the third quarter, despite the potential loss of millions following subprime lender Tricolor Holdings’…
SoftBank Vision Fund lays off 20% of staff to make room for AI ambitions
Fintech venture capital firm, SoftBank Vision Fund, will be axing 20% of its staff in a push to boost AI investment.
With trillions of debt outstanding in auto & beyond, 35% of consumers can’t pay on time
According to Experian’s State of the Automotive Finance Market Q4 2024, the outstanding balances connected to auto financing grew from $1.106 trillion at the close of 2018 to $1.485 trillion at the end of last year. And to finish 2024, … [Read More]
House bill introduces $2,500 car loan interest tax deduction
Michigan Republican Bill Huizenga has introduced a bill in the House of Representatives seeking to make auto loan interest tax…
Barclays invests in United Fintech
Barclays Bank has become latest financial institution to invest in United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors.
CQC develops algo to accelerate Monte Carlo integration with quantum computers
Cambridge Quantum Computing (CQC) says it has discovered an algorithm that accelerates quantum Monte Carlo integration.
OCBC to invest $500 million in new innovation hub
South East Asia’s second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).
Wealthtech Tifin raises $109m
Tifin, an umbrella group operating a host of AI-powered fintech businesses in the asset and wealth management industry, has hit a $842 million valuation of the back of a $109 million Series D funding round.
Klarna gives merchants the tools for discovery by AI agents
Klarna has launched an agentic product capabable of scouring the internet to surface products and prices for discovery by AI agents.