BNP Paribas invests in AccessFintech
BNP Paribas is the latest banking giant to invest in AccessFintech, joining a previously announced Series C funding round for the capital markets specialist.
Fiinu on the ropes as banking licence withdrawn
Shares in UK digital banking startup Fiinu have plunged after the lender had its restricted banking licence withdrawn in the face of challenging market conditions.
Nymbus raises $53m
Cloud-based core banking provider Nymbus has raised $53 million in a funding round led by existing investor Insight Partners.
Man pleads guilty to illegally operating crypto ATM network
In a UK first, a man has pleaded guilty to illegally operating a network of crypto ATMs without FCA registration.
OpenFin names former Goldman Sachs MD Tim Dinsdale as European CTO
Fresh from a $17 million fundraising round, capital markets apps platform OpenFin has appointed former Goldman Sachs MD, Tim Dinsdale, as European chief technology officer.
Detroit’s carmakers to save billions in Trump emissions rollback
President Donald Trump’s push to cut federal sales incentives and roll back emissions standards is shaping up to be a…
Stellantis searches for Tavares successor as pressure rises
Stellantis NV Chairman John Elkann has started a search for a successor to Chief Executive Officer Carlos Tavares, whose contract…
JPMorgan unveils IndexGPT investing tool
JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.
Fiserv to buy Finxact
Fiserv has struck a deal to acquire cloud-based core banking player Finxact for around $650 million.
Fintech founder calls Aussie banks hyprocrites over Apple Pay complaints
The founder of an Australian robo-advisor has accused the country’s banks of hypocrisy over their cries of anti-competitive behaviour from Apple Pay
Matchi opens global fintech challenge
Innovation matchmaking platform Matchi has launched a global fintech innovation challenge, inviting aspiring startups to pitch working prototypes to a pool of global banks.
Payoneer taps Citi blockchain tech for intracompany money transfers
Cross-border payments firm Payoneer is using Citi’s blockchain technology for real-time 24/7 intracompany money transfers.
2023 Women in Collections and Recoveries honorees
Cherokee Media Group on Wednesday announced this year’s honorees for the Women in Collections and Recoveries award program presented by American Recovery Service. The Women in Collections and Recoveries award program received nominations nationwide for women in various roles within … [Read More]
AutoNation Finance originations jump 85.7%
AutoNation Finance’s originations jumped in the third quarter as new vehicle sales increased. Originations have “nearly doubled” from a year…
Investors can avoid missing out on returns of up to 5% a year with ESG
According to behavioural finance experts Oxford Risk, ESG can stop investors from missing out on returns of between 4% and 5% per annum on cash they do not invest because they are not emotionally comfortable with the risks, or familiar with the landscape.