Fintech funding slides to 7-year low
Global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research.
Recoveries poised for lift with repo drones (Under the Hood)
It’s a bird, it’s a plane, it’s a repossession drone. As recovery rates decline in the wake of lower prices…
Big Wheels: Used-vehicle values dip 7% in December
Used-vehicle values fell on a year-over-year basis in 2023 after the year began with an uptick in values before recording…
Bank face 15% drag on profits due to climate change
The Bank of England is warning banks to take immediate action on climate risks or face a 15% hit to annual profits.
Chetwood Bank: Offering stability in a volatile market
Finextra spoke to CEO of Chetwood Bank, Paul Noble, about the organisation’s new developments, and how market volatility is impacting savings and mortgage products. Noble has a background in private equity and asset management, previously working in big banks, including a role in the acquisition of Tandem Bank.
Visa completes acquisition of Currencycloud
First announcing the deal in July 2021, Visa has completed its acquisition of Currencycloud – a global platform enabling banks and fintechs to provide foreign exchange solutions for cross-border payments.
Pakistan startup raises $13m for stablecoin launch
ZAR, a Pakistan-based startup, has secured $12.9m from venture capital firm Andreesen Horowitz to finance its ambition to bring stablecoins to Pakistan’s unbanked.
Harley-Davidson expands CFO’s role, names new leaders
Harley-Davidson today announced several leadership changes, including expanding Chief Financial Officer Jonathan Root’s role. Jonathan Root Root’s responsibilities have been…
HKEX to launch green finance exchange
Hong Kong Exchanges and Clearing Limited is to launch the HKEX Sustainable and Green Exchange, ‘Stage’, a central hub for data and information on socially conscious finance investments in Asia.
Intesa Sanpaolo to build Google Cloud centres in Milan and Turin
Intesa Sanpaolo has entered discussion with Google and data centre operator TIM on the creation of two ambitious cloud-based infrastructure projects.
Manchester Digital launches manifesto to boost fintech in the North
Manchester Digital has launched a Manifesto for the Northern Tech Economy ahead of the mayoral elections that will take place on May 2nd.
CaixaBank to replace cards with recycled material
Spain’s CaixaBank is the latest lender to start issuing cards made from recycled plastic and biodegradable components.
Sibos 2022: India’s regional banks – the state of play
Ahead of Sibos 2022, Finextra spoke to Baldev Prakash, managing director and CEO of one of the oldest private sector banks in India, Jammu & Kashmir Bank, about their technology roadmap, the subcontinent’s economic recovery and the geopolitical implications of the Russia-Ukraine conflict despite being a smaller bank.
Standard Chartered launches bitcoin spot trading
Standard Chartered has become the first global systemically important bank to offer digital asset spot trading to institutional clients.
French fintech ditches remittances in favour of DeFi
Tempo France claims it is the the first fintech in the money transfers market to suspend classical remittances in order to focus exclusively on decentralised finance (DeFi).