Revolut faces reported rejection for a UK banking license
The Bank of England is planning to reject Revolut’s long-standing application for a banking license in the UK, according to the Telegraph.
Barclays opens London innovation hub with Microsoft and Nvidia onboard
Barclays has opened a new innovation hub in London, working with a range of partners from across the tech industry – including Microsoft and Nvidia.
Are you ready for the banking app store?
Within the next two years, 25% of the top 50 global banks will have launched a banking app store to improve app discovery, user experience and collaboration, says Gartner.
April new-vehicle sales expected to tick down 2%
U.S. new-vehicle sales are projected to decline in April while the seasonally adjusted annual rate is expected to finish above…
SEC WhatsApp crackdown expands to hedge funds
The Securities and Exchange Commission is widening its probe into Wall Street’s use of WhatsApp for conducting business to include major hedge funds, according to Bloomberg.
ComplyAuto rolls out encryption tool for dealers collecting NPI
Saying “just text it to me,” might be OK when asking for something harmless from a friend or family member. But asking potential vehicle buyers to send non-public information (NPI) over text messages, emails and other insecure methods to dealership … [Read More]
COMMENTARY: Balance of 2022 outlook for F&I product sales and profit potential
Today’s automotive industry continues to see noticeable changes in everything from consumer demand, behavior, and shopping patterns to the way operations are dealing with an ongoing shortage of inventory, parts, and labor. What’s more, the shopping process itself continues to … [Read More]
ABN Amro acquires European neobroker BUX
ABN Amro is to acquire European neobroker Bux, strengthening its footprint in the retail investment space.
American Express to pilot biometrics at the online checkout
American Express is to pilot the use of facial and fingerprint recognition for authenticating users at online checkouts.
Sustainable Finance.Live 2025: ClearBank delivers the impossible
Charles McManus, co-founder and board director of ClearBank, delivered the keynote ‘Delivering the Impossible – A Case Study’, which recounted the inception and journey of ClearBank, and explored new possibilities for modern open banking infrastructure.
Huntington Auto Finance originations up 9.5% YoY
Huntington Auto Finance’s originations grew in the second quarter, in line with trends reported by national banks. Wells Fargo Auto…
Dealers push for more e-contract deals
Dealers are increasingly choosing e-contract transactions, prioritizing speed over more favorable terms. Auto loans originated via e-contract nationwide rose 28%…
FCC seeks comment on proposed AI communication disclosures
The FCC is seeking public comment on a proposed rule that aims to clarify the definition of AI-generated calls and…
Barclays unveils govt-funded support programme for UK tech
Barclays Eagle Labs has officially launched its government-funded two-year support programme for UK tech businesses.
The Bank of London turns on GenAI coding assistant
The Bank of London is using a Generative AI assistant to speed up coding for companies testing embedded banking applications via the transaction bank’s API suite.