Ethereum ETFs approval progresses with SEC announcement
The US Securities and Exchange Commission (SEC) has approved rule changes in support of ethethereum ETFs, setting up the potential launch of 8 exchange traded funds.
Green fintech money app Tred busts crowdfund target in ten minutes
Tred, a UK startup building a carbon tracking debit card and app, has bust through its initial £600,000 crowdfunding target within ten minutes of going live on Crowdcube.
Permira to take majority stake in BioCatch
PE firm Permira is buying a majority position in BioCatch in a deal that values the Israeli behavioural biometrics company at $1.3 billion.
TreeCard secures $5.1 million investment for wooden debit card
TreeCard, the provider of a wooden Mastercard debit card that channels profits from merchant surcharges into reforestation programmes, has raised $5.1 million in a funding round led by EQT Ventures
NAB aims to be the “best alarm on the street”
National Australia Bank is exploring the use of biometric tracking of keystrokes and phone handling as part of a suite of initiatives to clamp down on fraudulent payments.
Block rolls out bitcoin payments on Square
Block is adding real-time bitcoin payments to its Square point-of-sale terminals.
Big Wheels: Higher auto credit rejection rates hamper industry
The auto finance industry’s overall performance declined in June as auto loan application rejection rates jumped. Auto Finance News’ proprietary…
Will trust woes undermine Open Banking under PSD2?
In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.
Capital One auto originations climb 17.2%
Capital One’s auto originations rose in the third quarter as strategic underwriting and tightening contributed to better credit performance. Auto…
Asset manager associations join international blockchain initiative
The respective trade associations for the UK and Singapore’s asset management industries have signed up to Project Guardian, a cross-border initiative led by the Monetary Authority of Singapore and designed to promote use-cases for blockchain.
Savings accounts see huge surge in mule-linked activity
Money launderers and their mules are switching away from current accounts to savings accounts in a bid to bypass stringent bank checks brought about by APP reimbursement rules and AI-based anti-fraud tools.
Huntington auto originations remain flat
Huntington Auto Finance’s originations in the fourth quarter were flat on a year-over-year basis for the second consecutive quarter while…
UK banks closed third of branches in last five years
The number of bank, credit union and building society branches in the UK has fallen by more than a third over the last five years.
Auto stocks climb 43.8% year over year (Big Wheels)
Auto stocks rose sequentially and year over year in November as stock performance varied among automotive lenders and retailers. …
States making moves to ‘fill void’ left by the CFPB
The Consumer Financial Protection Bureau certainly isn’t what it was a few months ago, as shown by the recent decision to withdraw several rules and other guidance. Well, state-level regulators are now intensifying their efforts, with one example coming from … [Read More]