Weak US payroll gain of 22,000 cements case for fed rate cut
US job growth cooled notably last month while the unemployment rate rose to the highest since 2021, fanning concerns the…
RBI joins Project Nexus for instant cross-border payments
RBI (Reserve Bank of India) is the latest bank to join the global Project Nexus initiative, designed to enable instant cross-border instant payments.
Single-pay leases spur customer retention
Automakers such as Mercedes-Benz are leveraging single-pay lease offers to provide flexibility to consumers and drive higher customer retention rates. …
BNY taps Goldman Sachs blockchain platform to tokenize Money Market Funds
The Bank of New York Mellon is to employ blockchain technology developed by Goldman Sachs to maintain a record of customers’ ownership of select Money Market Funds (MMFs), opening up the transferability of existing MMF shares.
Monzo to consider reapplying for US banking licence – FT
UK-based neobank Monzo is reportedly set to resume its effort to break into the US banking sector.
New Zealand to make climate risk reporting compulsory for financial institutions
New Zealand is to be the first country in the world to require the financial sector to report on climate risks.
Galaxy Digital reaches $200m settlement over Luna token
Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over claims the crypto investing company promoted the now collapsed Luna digital asset without disclosing its interest in the token.
PODCAST: More title talk with Cox Automotive’s Deshaun Sheppard
On the eve of this year’s Used Car Week, the “Excellence of Titling Execution,” Deshaun Sheppard of Cox Automotive, made another visit for the Auto Remarketing Podcast. Sheppard described the ongoing evolution of electronic titling of vehicles and how Cox … [Read More]
RumbleOn F&I dips 10.5% year over year
Powersports retailer RumbleOn’s finance and insurance revenue fell year over year while floorplan interest expense climbed as the retailer continued…
Five more Belgian banks join the European Payments Initiative
Five big banks in Belgium have joined the European Payments Initiative (EPI) with the intention of rolling out the Wero digital wallet and instant account-to-account (A2A) payment application to customers in the first half of next year.
SwapAgent and Trafigura open blockchain deposit accounts with JPMorgan Kinexys
LSEG’s post-trade business Swap Agent and commodities house Trafigura are to be the first in the UK to open GBP-denominated deposit accounts via JPMorgan’s blockchain business unit Kinexys.
Interledger Protocol targets interoperable stablecoins
The Interledger Foundation (ILF) is extending its efforts to promote the creation of an interoperable payments network to include stablecoins.
Ferrari’s loyal buyers to absorb tariff impact, Bernstein says
Ferrari NV can withstand the impact of US auto tariffs because its US customers won’t be deterred by higher prices,…
Citi signs with Google Cloud for AI
Citi has inked a multi-year agreement with Google Cloud that will see the US banking giant tap into the vendor’s Vertex AI platform.
Microsoft to host digital wallet developer event
Microsoft is looking to tap into the burgeoning mobile wallet arena by hosting three week-long developer and designer events at its ultra-hip Modern Jago facility in London’s Shoreditch.