Used vehicle values jump 4% YoY in April (Big Wheels)
Used-vehicle values are seeing a boost as consumer demand rises amid tariff concerns. The Exponential Used Vehicle Index, measuring wholesale prices of…
Bank for fintechs Lead raises $70m
Lead Bank has hit a $1.47 billion valuation after raising $70 million to serve fintech and crypto firms.
Worldcoin banned in Portugal over privacy concerns
Worldcoin, the crypto biometric project fronted by OpenAI boss Sam Altman, has been temporarily banned in Portugal over data privacy concerns.
Flanks raises €14m to automate wealth management
Barcelona-based wealth management platform Flanks has raised €14 million in an equity round led by Motive Ventures.
Repo volume at wholesale is up, but will remain below pre-COVID levels for years
Repo volume is climbing, but don’t expect it to get to pre-pandemic levels any time soon. After two years of declines, the amount of repossessed vehicle volume flowing into wholesale channels is expected to tick up to 1.2 million in … [Read More]
Sugi lets users offset carbon impact of investments
Green fintech Sugi has launched a feature enabling users to offset the carbon impact of their investments.
Metro Bank settles software infringement case
Metro Bank has settled a a legal claim with US software company Arkeyo over allegations that it leaked the company’s coin counting technology to a rival firm.
Central bank says Revolut needs licence to do business in Ukraine
Ukraine’s central bank says that Revolut does not have a licence to operate in the country despite the London-based fintech’s announcement earlier this month that residents can now open accounts.
Clearstream launches tokenized securities platform
Clearstream is to offer clients a choice between digital and tokenized issuance of securities with the launch of a blockchain-based system operating over Google Cloud.
ECB to run first cyber resilience stress tests
The European Central bank is to run its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.
ARS promotes 3 executives after CEO’s passing
The Patrick K. Willis Co., which does business as American Recovery Service (ARS), had to make three executive changes this week following the passing of Peter Willingham, who was chief executive officer since 2010. Taking over as CEO is Dave … [Read More]
Mastercard Move taps Thunes for payouts to stablecoin wallets
Mastercard Move is to enable near-instant payouts to stablecoin wallets via Thunes’ Direct Global Network.
ASA bans Lloyds ad on greenwashing grounds
The Advertising Standards Authority has upheld a claim against greenwashing by Lloyds Banking Group, banning an advert that burnished the bank’s environmental credentials but failed to mention its ongoing support for fossil fuel polluting industries.
US consumer confidence drops on broad concerns about economy
US consumer confidence unexpectedly declined in June, underscoring lingering anxiety about the potential impacts on the economy and job market…
Lloyds warns over surge in crypto scams
Revolut is the most common recipient of Faster Payments made by crypto investment scam victims at Lloyds Banking Group, which is reporting a surge in get-rich-quick adverts on social media.