New Zealand banks apply UK tech and experience for roll out of Confirmation of Payee
Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.
Sales and incentives to rise, dealer profits to dip in 2025
Auto sales are projected to climb in 2025, driven by increased incentives, while dealer profits are set to shrink amid…
REPAY & Emotive partner for improved automotive loan payment acceptance & management
With collecting payments in the headlines nowadays, REPAY announced a new integration with Emotive Software this week. The companies highlighted auto finance companies can now take advantage of the combined functionality of REPAY’s convenient, automation-enabling payment technology and Emotive’s comprehensive … [Read More]
States could pick up where CFPB left off
The uncertain status of the Consumer Financial Protection Bureau could result in more state-based regulations. In one recent example, New York State…
Google Cloud wins major FS deals
Google Cloud has used its annual Las Vegas event to unveil details of deals with big name financial services firms Citadel, Discover and Scotiabank.
Deutsche Bank forms stablecoin joint venture company
Deutsche Bank’s DWS is collaborating with crypto invesment firm Galaxy Digital and liquidity provider Flow Traders to create a joint venture for issuing a EUR-denominated stablecoin.
Lloyds Banking Group to test neurosymbolic AI
Lloyds Banking group is opening its innovation sandbox to a neural network-based AI product from UnlikelyAI.
Goldman, Nomura tap Meta Llama AI models
Goldman Sachs and Nomura are among the companies using Meta’s Llama open source artificial intelligence models.
Google PaLM 2 AI model under scrutiny by Irish watchdog Data Protection Commission
As the national independent authority in Ireland, the Data Protection Commission (DPC) is responsible for protecting the personal data of individuals in the EU in accordance with GDPR, the EU’s Law Enforcement Directive (LED) and Irish ePrivacy Regulations.
Subprime lenders navigate ‘new normal’ with cautious optimism
Subprime lenders looking to regain momentum in 2025 are expressing measured optimism as they navigate consumer stress and uncertainty in…
Lithuanian fintech granted first DLT licence in Baltics
Axiology, a Lithuania-based tech firm operating in the digital assets space, has been granted a licence from the Bank of Lithuania to carry out digital bond issuance via the blockchain.
Nationwide implements Speed Layer tech
Nationwide Building Society has rolled out a new cloud-native Speed Layer to help it quickly deploy new products and services.
Biden set to hit China EVs, strategic sectors with tariffs
President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one…
PODCAST: NextGear Capital president on interest rates & more
NextGear Capital president Scott Maybee addressed a question that dealerships likely have been wondering, too, as they examine their floorplan expenses and other operational matters. What if interest rates never drop much below where they currently are? Maybee shared his … [Read More]
Ally Financial names Rhodes as CEO, and other staff moves
Michael Rhodes, Ally Financial Ally Financial named a new chief executive today, ending a three-month search. Michael Rhodes will take…