Romania’s Salt goes live with Starling’s SaaS platform
Romanian digital bank Salt has gone live on Starling’s SaaS platform Engine, onboarding 100,000 customers in its first two weeks.
AFSA unveils Consumer Credit Conditions Index
The American Financial Services Association (AFSA) leveraged its membership base to create its latest ongoing project — the Consumer Credit Conditions Index (C3 Index). AFSA revealed the first findings from this initiative, which is meant to fill a need among … [Read More]
Off the Lot: Projecting how 2025 will reshape the auto industry
Just four weeks into the new presidential administration, the dynamics of the auto industry are changing at a rapid pace. …
Two raises €18m for frictionless B2B transactions
Norwegian business-to-business payments firm Two has raised €18 million in a Series A fundng round led by Shine Capital and Antler.
US consumer borrowing surges on jump in credit-card balances
US consumer borrowing surged in November by the most in a year on a jump in credit-card balances as the…
BNY Mellon partners Microsoft for data and analytics
BNY Mellon has formed a strategic alliance with Microsoft to offer its buy and sell side clients a cloud-based data and analytics platform.
Originations rise 9.6% across top 100 auto lenders in 2024 (Big Wheels)
Auto originations rose industrywide in 2024, spurred by stronger consumer demand amid improved new-vehicle incentives. Originations across the top 100…
Moment raises $36m to automate fixed income
Moment has raised $36 million in Series B funding led by Index Ventures for its platform automating trading and portfolio management workflows for fixed income teams.
Visa Europe builds sustainability solutions team
Visa’s European arm has established a sustainability solutions team as part of its commitment to make payments greener.
Wealthsimple lays off 13% of staff
Canadian digital wealth platform Wealthsimple is the latest fintech to trim its workforce, blaming “market volatility” for the decision to lay off 13% of its staff.
Leveraging cloud migration to power digital transformation
The volume of data has exploded, and it is becoming increasingly important for financial institutions (FIs) to manage and derive value from their data. However, harnessing data is not a simple task and an increasing number of organisations are leveraging cloud to unlock new value.
Spotlight on innovation: 2024 Auto Finance Excellence Awards honor strategic leadership
Auto lenders maintained steady operations through strong leadership and a commitment to innovation despite the tight lending environment, elevated interest…
Ex-Plaid product lead launches e-commerce payment processing platform
Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.
US state AGs launch BNPL inquiry
The Attorneys general of seven US states have launched an inquiry into the buy now, pay later sector, citing concerns that the products may expose Americans to unclear terms, hidden fees, and debt traps.
Auto defaults hold steady in September
For the first time in almost two years, auto defaults stayed at the same level for consecutive months. On Tuesday, S&P Dow Jones Indices and Experian released data through September for the S&P/Experian Consumer Credit Default Indices, and the auto … [Read More]