Stripe alumni raise €10.7 million for business identity startup
Duna, a business identity startup founded by former Stripe staffers, has raised €10.7 million in a Seed funding round led by Index Ventures.
Agora moves recently hired Pratt to be head of its Financial Institutions Group
Agora Data hired Wendy Pratt less than a month ago to be its vice president of sales strategy. Then on Monday, the fintech innovator of advanced capital solutions in subprime and non-prime consumer finance announced the appointment of Pratt to … [Read More]
BNY executives on combatting CX fragmentation and integrating AI
At Sibos 2025 in Frankfurt, Finextra spoke to BNY executive platform owner of payments platform Isabel Schmidt, and executive platform owner for treasury services Carl Slabicki, on everything AI, blockchain, and cross-border.
Big tech and banks fall out over compensation for fraud victims
A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.
Subprime auto ABS market sees ‘stress’ as immigration enforcement mounts, DQs rise
Subprime auto securitizations are experiencing heightened stress and increased delinquencies, while transactions with large concentrations of loans to immigrant borrowers…
Li Auto sales disappoint amid tepid demand for electric cars
Li Auto Inc.’s first-quarter vehicle sales missed analyst estimates as deliveries of its first all-electric car fell short of its…
Lloyds facing Curve shareholder rebellion over £120 million acquisition
Lloyds Banking Group has reportedly signed a £120 million deal to acquire UK digital wallet provider Curve.
Big Wheels: Auto stocks up 21.7% year over year
Auto stocks rose month over month and year over year in August after recovering from a 2% single-day dip at…
Auto fintech investment surges 70% in 2024
Venture capitalists pumped $2.3 billion of capital into auto fintechs in 2024, up $1 billion year over year and just…
Citi to engage developers via fintech meetups
Citi is to host a series of fintech meetups in its latest attempt to engage with thriving local developer ecosystems.
Mexican fintech Plata sees valuation exceed $3bn
Plata, a startup based in Mexico and founded by three former Tinkoff executives has completed a $250m fund raise.
Ford EV $19.5B restructuring costs ‘manageable for company,’ Fitch says
Ford Motor’s costly restructuring plans that include refocusing its long-term investment in EVs are not expected to affect the company’s ratings, but might signal a wider industry shift toward hybrids, internal combustion engine vehicles and more affordable…
Kontos: ‘Inflation dragon has not been slain’
While members of the Federal Reserve spoke publicly this week about movements associated with inflation and data that’s indicating them, ADESA chief economist Tom Kontos was a little more hesitant when giving his assessment about inflation to Cherokee Media Group. … [Read More]
New FTC rule delayed by dealer activity in federal appeals court
Dealers will get their time in court. Late on Thursday, the Federal Trade Commission issued an order postponing the effective date of the Combating Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending from the … [Read More]
Complaint pace reignites after March slowdown (Under the Hood)
Auto loan- and lease-related complaints filed through June 30 with the Consumer Financial Protection Bureau surged 38% year over year….