Abound Secures £250M Funding to Expand AI-Driven Lending
Abound raises £250 million from Deutsche Bank to expand AI-driven lending. The company's lending model uses Open Banking data for…
RockFi Secures €18M to Expand Wealth Management Services in France
RockFi raised €18M in Series A funding led by Partech to expand services. The company plans to hire 50 private…
Federal Reserve’s Bowman Supports Tailored Regulations for Banking Sector
Michelle Bowman supports tailored banking regulations instead of broad, rigid policies. She emphasizes regulatory clarity for digital assets and financial…
Monzo Introduces Monzo Split to Simplify Shared Expenses
Monzo launched Monzo Split to help users manage shared expenses more efficiently. The tool offers features for both recurring and…
Qlarifi Secures £1.4M to Expand Its BNPL Credit Data Platform
Qlarifi raised £1.4M to enhance its BNPL-focused consumer credit database. The platform updates credit data every 3.5 seconds for accurate…
U.S. Credit Card Debt Reaches $1.2 Trillion as Consumers Cut Spending
U.S. credit card debt has reached a record $1.2 trillion. Many consumers struggle with credit access due to financial constraints.…
Stablecoin Reserves Raise Questions on Security and Liquidity
Stablecoin stability relies on reserve transparency and asset liquidity. Regulations like MiCA and the GENIUS Act shape oversight of stablecoin…
OakNorth Expands in the US with Acquisition of Community Unity Bank
OakNorth acquired Community Unity Bank to grow its US business lending operations. Integration with CUB will provide expanded financial services…
Airwallex Expands Payment Options Through Discover Global Network Partnership
Airwallex partnered with Discover Global Network to expand payment options for merchants. Customers can now use Discover and Diners Club…
St. Patrick’s Day Goes Digital as Businesses Use AI and Online Promotions
Financial institutions and businesses use St. Patrick’s Day for digital promotions. AI tools assist in creating customized marketing materials and…
