September 6, 2024 @ 8:39 am By Omar Faridi  |  

Credit union balances have been rising, led by consumers on both ends of the credit risk spectrum, according to an update from TransUnion (NYSE: TRU). TransUnion’s Q3 2024 Credit Union Market Perspectives Report explores “the current state of consumer credit and its impact on credit… Read More

 Tagged credit risk, credit union, research, transunion

September 6, 2024 @ 8:36 am By Omar Faridi  |  

As consumers find ways to navigate the ever-evolving automotive finance market, leasing is re-emerging as an optimal choice for those seeking flexibility and affordability. According to Experian’s (LSE: EXPN) State of the Automotive Finance Market Report: Q2 2024, leasing witnessed “a notable increase—reaching 25.35%, up… Read More

 Tagged automotive finance, autos, experian, financing, research

September 6, 2024 @ 8:35 am By Omar Faridi  |  

Quilter, a FTSE-250 wealth manager,  has agreed to acquire Fintech NuWealth. Quilter states that this acquisition will help it pursue its objective to enhance digital capabilities “to better support customers and advisers.” With this acquisition, Quilter aims to “evolve NuWealth to work with advisers to… Read More

 Tagged acquisition, fintech, nuwealth, quilter, Wealth Manager

September 6, 2024 @ 5:45 am By Omar Faridi  |  

Complaint management is a crucial aspect of customer service and risk management in the financial services sector, according to an update from Spring Labs. These firms—including traditional banks, fintechs and insurance companies—must “adhere to various regulations and standards that require them to handle complaints in… Read More

 Tagged complaint management, financial services, risk management

September 5, 2024 @ 11:02 pm By JD Alois  |  

As was reported earlier, the Payment Systems Regulator (PSR) has decided to review the reimbursement cap on App fraud with the intent to set it at £85,00. This has been widely embraced by the payments sector as previously the reimbursement cap was expected to be… Read More

 Tagged app fraud, clearbank, payment systems regulator, psr, uk, united kingdom

September 5, 2024 @ 6:58 pm By Omar Faridi  |  

L&G has reportedly selected Moneyhub to power its Qualifying Pensions Dashboard Service Legal & General’s pensions dashboard will leverage Moneyhub’s Open Finance technology to improve experience “for the provider’s 5.3 million DC members, with easy access to all their pensions data in one place.” The… Read More

 Tagged data, legal & general, moneyhub, pensions

September 5, 2024 @ 4:55 pm By Omar Faridi  |  

Even with inflation cooling, members of the American workforce are feeling the impact of the steady rise in prices for goods and services, with many of the youngest workers experiencing financial vulnerability. New research commissioned by DailyPay and the American Savings Education Council and conducted… Read More

 Tagged dailypay, fintech adoption, inflation, research

September 5, 2024 @ 2:34 pm By Omar Faridi  |  

Paylocity (NASDAQ: PCTY), a firm focused on cloud-based HR and payroll software solutions, announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and… Read More

 Tagged airbase, finance, paylocity, spend management

September 5, 2024 @ 11:44 am By JD Alois  |  

Nasdaq Private Market (NPM) says it has now executed more than $50 billion in transactional value across more than 700 company-sponsored liquidity programs for venture-backed private companies as well as 190,000 individual shareholders and investors. Its new Transfer & Settlement (T&S) product is now responsible… Read More

 Tagged nasdaq private market, npm

September 5, 2024 @ 11:04 am By Omar Faridi  |  

California Attorney General Rob Bonta announced a $3.9 million settlement with crypto trading platform Robinhood Crypto, LLC for failing to allow customers to withdraw their cryptocurrency from their Robinhood accounts from 2018 to 2022, and for “failing to fully disclose aspects of its trading and… Read More

 Tagged crypto trading, enforcement action, robinhood, us