Starling on scalability and being cut from the cloud
Finextra spoke with Starling Bank to understand how being ‘born in the cloud’ allows them to accelerate development and scale-up at a fast pace.
Climate fintech funding 3x higher than all previous years combined – CommerzVentures
According to CommerzVentures’ second report on climate fintech, venture capital (VC) funding for fintechs driving net-zero economies hit a record high in 2021.
ARA & MBSi partner to streamline compliance mandates in repossession & recovery
More synergy in repossession and recovery spaces surfaced on Monday. The American Recovery Association (ARA) and MBSi announced a new partnership providing MBSi users the ability to accept ARA’s Compliance System within its RecoveryConnect platform. The move is meant to … [Read More]
First Brands files for bankruptcy after weeks of lender scrutiny
First Brands Group Holdings has filed for Chapter 11 bankruptcy, capping weeks of turmoil sparked by creditor concern over the…
UK court finalises £200m Mastercard settlement
Mastercard’s £200 million settlement of a class action lawsuit brought on behalf of British consumers has been signed off by the Competition Appeal Tribunal in a move that could see millions of shoppers receiving up to £70 each.
Repo agency margins squeezed, driving agencies out of business
Profitability woes continue to prompt vehicle recovery agencies to shutter operations leading to longer recovery times amid rising repossession volumes….
TransUnion: Credit scores dropping by 60 points on average because of delinquent federal student loans
The pool of consumers potentially falling into the subprime credit tier might grow by nearly 6 million individuals based on the trends connected with student loans recently highlighted by TransUnion. New research from TransUnion revealed that the number of consumers … [Read More]
Barclays to roll out Microsoft Co-Pilot to 100,000 staff
Barclays Bank is to extend its delivery of Microsoft Co-Pilot AI agents to 100,000 staff worldwide.
Texas repo assignment leads to discovery of elaborate fraud scheme
James Waldron recently recovered more than just a high-line Mercedes-Benz. The CEO of Texas-based 1st Adjusters helped to lead federal officials to quite a fraud scheme that included several other luxury vehicles. Advantage Automotive Analytics recapped the incident for SubPrime … [Read More]
Monzo to acquire digital mortgage broker Habito
Monzo has announced plans to acquire digital mortgage broker Habito.
RBC on track for up to C$1bn in enterprise value gains from AI
Royal Bank of Canada says its investment in AI is paying off and is set to generate up to C$1 billion in enterprise value in 2027.
Italian watchdog hits Intesa Sanpaolo over customer migration to app-only unit
Intesa Sanpaolo has been ordered by Italy’s competition authority to stop the migration of 2.4 million customers to its new app-only offshoot unless it gets express consent from the users.
CarMax Auto Finance sees margin expansion despite rising loan losses
CarMax Auto Finance in the first quarter saw a decline in income as loan losses started to hit its financial…
Majority of UK adults no longer carry a wallet or a purse
Research from UK ATM network Link reveals that fewer than half of UK adults carry a physical wallet as part of their day to day routine.
Finastra investigates data breach, prioritising customer communication
Fintech firm Finastra has shared further detail on the investigation process following a data breach that occurred earlier this month.