Ingenico acquires SoftPOS vendor Phos
Ingenico has acquired SoftPOS vendor Phos for an undisclosed sum.
Carvana extends loan sale deal with Ally, refuting short report
Carvana Co. said it has reestablished an agreement with Ally Financial Inc. to sell the lender up to $4 billion…
Ally Financial’s originations rise 4%
Ally Financial continued to emphasize auto lending in the fourth quarter, leading to an uptick in originations driven by strong…
Capital One looks to raise the bar on technology
PLANO, Texas — Capital One Auto Finance is exploring ways to improve its dealer-facing Navigator Platform using chatbot technologies and…
Facebook reveals digital wallet plan
Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.
Octane Lending secures $700M forward-flow deal
Powersports lender Octane Lending plans to fund originations growth after securing a forward-flow agreement with Equitable, MetLife Investment Management and…
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.
UK regulator PSR plans cap on cross-border card fees
The Payment Systems Regulator is pushing ahead with plans to introduce a price cap on the fees Visa and Mastercard charge UK merchants when European shoppers make online purchases.
BBVA trains 1000 ‘ambassadors of design’
BBVA is promising to put design and user experience (UX) at the centre of its digital strategy by training up 1000 staff ‘ambassadors’ to spread good practice throughout the Spanish bank’s operations.
EY to triple sustainable finance team in Dublin to accelerate ESG goals
A new innovation hub will be opened in Dublin to support global financial institutions push forward with meeting environmental, social and governance (ESG) regulatory and reporting requirements.
FTC lawsuit results in $12M penalty, end of operations for credit-repair company
Subprime auto finance companies often tout that an ancillary benefit of providing financing to consumers with soft credit histories is it can be a path to resuscitating an individual’s credit profile through on-time payments. This week, the Federal Trade Commission … [Read More]
BNP Paribas taps Oracle for cloud solutions
BNP Paribas has announced that it will adopt Oracle Exadata Cloud@Customer solution into its cloud strategy to strengthen security and customer personalisation in their systems.
Nexi taps IBM to modernise core payment processing
European paytech, Nexi, has selected IBM to upgrade its core infrastructure to IBM z16.
Mizuho and IBM test Gen AI for IT incident response management
Mizuho Financial Group is testing a generative AI application from IBM to help speed up recovery time from IT outages.
IBM and EY build centre of excellence to help FIs transition to the cloud
IBM and EY have joined forces to create a centre of excellence dedicated to helping financial institutions accelerate their digital transformations with hybrid cloud solutions.