BBVA opens API to developers for global hackathon
BBVA is to share a EUR60,000 pot with developers who can augment bank API data from card transactions in Mexico with external resources to create innovative new financial applications.
Tricolor creditor meeting postponed, filing extension granted
The creditors’ meeting for Tricolor’s Chapter 7 bankruptcy case filed Sept. 10 has been moved to November following a hearing…
AI debt collectors fare worse than humans
While loan servicers are eyeing AI to make collection calls cheaper and faster, a recent study suggests non-human debt collectors…
New Hampshire latest to ramp up fintech licensing requirements
State regulators are looking to ensure that servicers, fintechs and other third-party entities involved in auto lending are properly licensed…
Boerse Stuttgart Digital hires Solaris tech lead as CTO
The digital assets arm of Boerse Stuttgart has hired Solaris tech chief Dennis Winter as CTO.
Deutsche Bank and Mastercard team on open banking payments
Deutsche Bank and Mastercard are working together to bring open banking payments to merchants and consumers across Europe.
Crypto CEO kidnapped, released after paying C$1m ransom
The CEO of a cryptocurrency firm was kidnaped and held for a C$1 million ransom in Toronto, according to local press reports.
TransferWise taps new Visa cloud tech for global card programme
TransferWise is expanding its debit card programme into dozens of new markets after inking a worldwide deal with Visa that will see the money transfer firm connect to the card giant’s global processing network via the cloud.
Sonic’s EchoPark closures highlight used-retail market woes
Sonic Automotive’s closure of its Northwest Motorsport dealerships on Jan. 23 not only further shrinks the retailer’s used-vehicle business, EchoPark…
Trump’s global tariffs deemed illegal, blocked by trade court
The vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court, dealing…
Sweden’s Riksbank presents case for modernisation of retail payments infrastructure
Sweden’s central bank says the country’s retail payment infrastructure needs to be modernised to accommodate more instant payments and third party access to payment and settlement rails.
Credit availability worsens YoY
Access to auto credit worsened month over month and year over year in June, marking the third consecutive sequential decline…
Banks in Singapore add facial verification to security toolkit
Banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.
CarMax Auto Finance plans to issue nonprime ABS on ‘regular cadence’
CarMax Auto Finance plans to split its auto asset-backed securitizations between prime and nonprime offerings after issuing its first non-prime…
Freetrade pulls out of Swedish market
Freetrade has announced it is leaving the Swedish market to focus its resources on UK self-directed investment market.