Westlake-backed Axis Auto Finance explores sale
Toronto-based non-prime lender Axis Auto Finance is eyeing a potential merger or sale of the company. Axis formed a “special…
Gen AI for compliance startup Sedric Ai raises $18 million
Amerian Express Ventures has joined an $18 million funding round in Sedric AI, a startup developing a dedicated compliance large language model (LLM) for financial services.
Crypto custodian BitGo moves into private securities with Brassica acquisition
Crypto custody specialist BitGo has acquired Brassica, a fintech specialising in providing back-end infrastructure services for private securities and alternative investments. Financial terms were not disclosed.
Proposed FTC order spells out what not to do in collections
A proposed order detailed by the Federal Trade Commission this week gave auto finance companies clear bullet points of what not to do when it comes to their collections activities. In developments outside of automotive, the FTC alleged that Global … [Read More]
ANZ scraps passwords for digital banking log-in
ANZ is scrapping password access to its digital banking arm ANZ Plus, replacing key-based log-ins with two-factor authentication.
Canada’s 2025 budget plan includes new stablecoin rules, Real-Time Rail launch
Led by financial industry titan Prime Minister Mark Carney, Canada’s 2025 budget outlines ambitions to tackle cybercrime, embrace digital payments innovation, and encourage competition within financial services.
Mastercard achieves 49% e-commerce tokenisation across Europe in one year
A year after announcing its target of 100% e-commerce tokenisation across Europe, Mastercard reports it is almost halfway there.
Trump continues to push auto finance tax deduction as campaign issue
Presidential candidate Donald Trump continues to pump a proposed auto loan tax deduction as a key campaign issue just days…
Managing data beyond the tipping point of cloud
While 52% of asset management firms use the cloud for data management today, a further 28% plan to migrate data management to the cloud in the next 18 months.
Zopa gets banking license
Zopa has received a UK banking license, paving the way for the peer-to-peer lending pioneer to launch a brand-new suite of financial products built on proprietary technology.
Document management startup Arteria AI arises $30m
Arteria AI, a document and contract management spin out from Deloitte, has raised $30 million in an oversubscribed Series B funding round led by GGV Capital US.
Bank of England to launch Digital Pound Lab
The Bank of England is to launch a Digital Pound Lab as it sets out its blueprint for the design phase of a future Britcoin.
Teen-focused educational investment app tendy signs for WealthKernel tech
A new educational investment platform for UK teens, called tendy, is teaming up with WealthKernel to power its investing services.
3 commissioners gain confirmation at FTC
Three members of the Federal Trade Commission were confirmed on Friday. Two commissioners — Andrew Ferguson and Melissa Holyoak — are beginning their first term, while the third — Rebecca Kelly Slaughter — is starting a second term. Ferguson and … [Read More]
Revolut staffs up and carries out testing ahead of UK banking switch
Having finally secured its UK banking licence, Revolut is hiring staff and testing its systems as it aims to move millions of customers to its new bank entity this summer.