Westlake Portfolio Management to service Mechanic Bank’s auto portfolio
Westlake Portfolio Management has taken over servicing for Mechanics Bank Auto Finance’s portfolio. Westlake Portfolio Management (WPM) will service the…
BNY raises the IQ of AI enteprise platform Eliza with Google Cloud
BNY has integrated its entperisie AI platform, Eliza, with Google Cloud’s agentic model Gemini, providing deeper research capabilities for market analysis and equipping the company’s global workforce with access to multimodal features.
CFPB orders Wise to pay over $2m
Money transfer platform Wise has been hit with a $2.025 million penalty from the Consumer Financial Protection Bureau (CFPB) for misleading customers about fees and charges.
B2B capital raising tech outfit Hubx snags $5.5m
Business-to-business capital raising platform Hubx has closed a $5.5 million funding round with participation from Barclays.
UBS targets less rich Brits with robo-advisor platform
UBS is hoping to bring its wealth management services to a wider audience through the launch of a digital robo-advisory platform available to UK customers with as little as £15,000 to invest.
AutoPayPlus names Rodak as controller
Last week, AutoPayPlus by US Equity Advantage announced the hiring of Patricia Rodak as its controller to oversee the company’s accounting functions, financial reporting and compliance efforts. Rodak brings more than 25 years of financial leadership experience, with expertise in … [Read More]
Goldman Sachs folds Marcus into wealth management unit
Goldman Sachs is retreating from its push into retail banking, folding digital unit Marcus into its asset and wealth management division as part of a wider reorganisation.
Bitpanda launches largest crypto offering in UK
European digital currency platform Bitpanda is now available in the UK, making over 600 cryptoassets available to investors.
China central bank launches $70bn tech lending programme
The People’s Bank of China (PBoC) has announced a re-lending scheme designed to boost the country’s science and tech sector.
PrimaryBid in talks over discounted sale
Retail investment platform PrimaryBid is in talks with several financial institutions and investors about a possible takeover.
Nonbank auto lenders may no longer be governed by CFPB
The Consumer Financial Protection Bureau has proposed changing its definition of larger participants in the auto finance market, potentially removing…
BBVA taps Google Cloud Chronicle to build AI security platform
BBVA has today announced that it will be the first bank in Europe to deploy Google Cloud’s security analytics platform Chronicle and will use AI and machine learning to predict and prevent cyberattacks.
Off the lot: Asset-backed lending pullback prompts funding concerns
The exit or pullback of companies in the asset-backed lending market raises the question of where finance companies will secure…
EToro USA to stop offering trading in most crypto following SEC settlement
Social investing platform eToro’s US business has agreed to pay $1.5 million and stop trading activity in nearly all crypto assets to settle Securities and Exchange Commission charges.
Ally to end mortgage originations, cut jobs across company
Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have…