December 1, 2023 @ 3:53 pm By Omar Faridi  |  

With affordability remaining top of mind throughout the automotive industry, new data shows the average loan amount “for new and used vehicles decreased in Q3 2023, an optimistic sign that things are continuing to level out for vehicle shoppers.  ” According to Experian’s State of the… Read More

 Tagged automobile financing, experian, financing, insights, research, united states, us

December 1, 2023 @ 10:02 am By JD Alois  |  

Yesterday, the UK government announced a “world’s first” agreement with big tech to help battle online fraud, the most common type of crime in the country. The UK government is partnering with the likes of Amazon, eBay, Facebook, Google, Instagram, LinkedIn, Match Group, Microsoft, Snapchat,… Read More

 Tagged fraud, oliver prill, rishi sunak, tid, UK government

December 1, 2023 @ 9:33 am By JD Alois  |  

Neobank Bluevine is reporting that it has topped $1 billion in deposits for its SME banking customers. The Fintech provides FDIC-covered accounts in partnership with Coastal Community Bank. Lines of credit are issued by Celtic Bank, a Utah-chartered Industrial Bank. Bluevines states that accounts have… Read More

 Tagged bluevine, eyal lifshitz, neobank

December 1, 2023 @ 8:15 am By Omar Faridi  |  

Lloyds Banking Group is reportedly the first UK bank to adopt fintech platform PrimaryBid’s Fuse platform in order “to expand access to UK capital markets transactions for customers.” This partnership will enable significantly greater participation “for customers of Halifax Share Dealing, Lloyds Bank, Bank of… Read More

 Tagged integration, lloyds, lloyds banking group, primarybid

December 1, 2023 @ 8:13 am By Omar Faridi  |  

Trulioo, a global identity verification platform, announced its partnership with Public, a U.S. investing platform for stocks, ETFs, crypto, Treasury bills and alternative assets that is allowing U.K. investors access to U.S. stocks. Public chose Trulioo Person Match identity verification “to achieve the highest onboarding… Read More

 Tagged europe, product launch, public, regtech, trulioo, uk, united kingdom

November 30, 2023 @ 10:31 pm By Omar Faridi  |  

Checkout.com, the global payments service provider, announced today a strategic partnership with Standard Chartered as their cash management bank “to bring improved operational and performance to Checkout.com’s merchants in the region.” The partnership leverages technology to “integrate payment systems and deliver an infrastructure that will… Read More

 Tagged checkout.com, mena, payments, standard chartered

November 30, 2023 @ 9:28 pm By Omar Faridi  |  

Banks and financial institutions in Thailand leverage mature technology and incorporate modern features. However, industry professionals at the recent ENGAGE ASIA 2023 emphasized “that the challenge stems from the absence of unification across different touchpoints, resulting in fragmented customer engagement.” The majority of the systems… Read More

 Tagged backbase, banking, digital transformation, jouk pleiter, Riddhi Dutta, southeast asia, thailand

November 30, 2023 @ 8:10 pm By Omar Faridi  |  

Banco Security will enhance its digital offering with Backbase‘s Engagement Banking platform, laying the foundation for the next generation of banking services. As part of its comprehensive $50 million digital investment plan spanning four years, Grupo Security is driving “a set of initiatives aimed at… Read More

 Tagged backbase, banco security, banking, digital technology, digital transformation, digitalization, engagement banking, financial services, fintech adoption, fintech trends, virtual bank

November 30, 2023 @ 6:54 pm By Omar Faridi  |  

KPMG has commented on the recently released Bank of England money and credit data. Karim Haji, Head of Financial Services at KPMG UK, comments on today’s Money and Credit Data from The Bank of England: “Consumer borrowing was down slightly in October, which could be… Read More

 Tagged bank of england, insights, kpmg, research, uk, united kingdom

November 30, 2023 @ 4:54 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) released findings highlighting global e-commerce fraud that occurred during the start of the 2023 holiday shopping season. Based on insights from TransUnion’s global device risk consortium, the analysis found 3.6% of all global e-commerce transactions “reviewed during the Cyber Five days were… Read More

 Tagged financial services, fraud, fraudulent activities, Research Study, transunion