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Nationwide delays business banking account launch

Nationwide Building Society has put back the launch of its business account to later in the year as it continues testing of its mobile app and builds an Open Banking-powered switching tool.

Office of Financial Research pilots data hub for climate-risk assessments

The US Office of Financial Research (OFR) has launched a climate data and analytics hub pilot to help regulators assess risks to financial stability stemming from climate change.

Barclays buys GM credit-card book After Goldman fumbles tie-up

Barclays Plc is taking over the General Motors Co. credit-card business from Goldman Sachs Group Inc., pouncing on the Wall…

TurboPass now offers 90-day banking report option for users

TurboPass acknowledged some dealerships and auto-finance companies prefer to examine stipulations and other underwriting documents through the prism of a 90-day window. So this week, the financial technology software company that provides automation, SaaS, and cloud-based solutions for automotive dealerships, … [Read More]

6 key findings from KBRA’s decade lookback at auto ABS space

Kroll Bond Rating Agency (KBRA) released research on Monday assessing changes in the auto loan asset-backed security (ABS) sector, prompting experts to say the segment has demonstrated “both stability and volatility over the past decade.” The firm’s resulting report evaluated … [Read More]

Kuwait International Bank rolls out biometric cards

Kuwait International Bank has become the first lender to commercially roll out a biometric payments card using technology from Norwegian outfit Zwipe.

Danske Bank to replace plastic payments cards with recycled material

Danske Bank is to phase out all existing payment cards and replace them with cards made from 86% recycled plastic.

ThunderRoad Financial taps into ‘eventual recoveries’

Powersports lender ThunderRoad Financial has garnered strong recoveries on difficult-to-find motorcycles, prompting the lender to pursue units even years after…

Lloyds teams with fintech startup ApTap to help people manage household bills

Lloyds Bank is to make managing household bills easier for mortgage customers through a partnership with ApTap, a fintech startup graduate of the bank’s ‘Launch’ innovation programme.

Bloomberg, king of the proprietary desktop, launches App Portal

Bloomberg has launched an App Portal that gives its 315,000 desktop terminal subscribers access to applications created by third party developers.

Portfolio elevates Childers to managing director, reveals new company logo

Along with a new company branding, Portfolio announced the promotion of Cliff Childers to the position of managing director, effective immediately. The company highlighted the 21-year industry veteran leads a national sales team driving reinsurance and F&I success for auto, … [Read More]