Some of the largest banks in the UK may have to pay billions of pounds to consumers over contentious lending practices at car dealers. In response to an October judgement by the UK’s Court of Appeal, many British banks are considering halting auto lending entirely. The court ruled it was unlawful for car dealerships to receive […]
The RTP network now averages over 1 million payments per day, positioning the platform for strong momentum going into the holiday season. Between September and October, transaction volume on RTP, which is operated by The Clearing House, increased by 6.2%. On November 1, the instant payments powerhouse reached a new single-day record, processing 1.45 million transactions […]
Santander Bank, N.A. (“Santander” or “the Bank”) announced today that is has expanded its suite of digital cash management solutions to enhance the commercial client experience while reducing its overall cost to serve. With an increased focus on mobile banking and investments in treasury products, the Bank will continue to expand its offerings in 2025. […]
PayPal has begun rolling out a feature that makes it easier for its customers and their friends and family to pool money for shared expenses. The new Pool Money feature is now rolling out to PayPal customers in the U.S., Germany, Italy and Spain, and is set to launch in the U.K. soon, the company said in a Thursday […]
Japan’s third-quarter real gross domestic product expanded 0.3% year on year, snapping two straight quarters of year-on-year decline, according to government data released Friday. The GDP reading marked a reversal from the revised 1.1% decline seen in the second quarter. The data comes against the backdrop of the Bank of Japan raising rates from 0.1% […]
Disney stock (DIS) popped on Thursday after the company reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates and its direct-to-consumer business built on recent momentum and swung to a profit. Strong guidance for the next two years also fueled investor optimism, sending shares up over 10% in early trading […]
Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as “DOGE” in his statement. Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said in a statement. […]
Strivr, an enterprise extended reality (XR) platform, has unveiled a turnkey, off-the-shelf immersive learning bundle for retail banking and financial services. Strivr, founded in 2015 and incubated at Stanford University, has launched the Strivr XR Training Bundle for retail banking. The collection of modules, informed by Strivr’s experience with major North American financial institutions, includes pre-built, immersive experiences […]
Disney will report its fiscal fourth-quarter earnings before the bell on Thursday, and Wall Street will be paying close attention to the state of its streaming and theme parks businesses. Investors will also be listening for any details on the search for CEO Bob Iger’s successor. Here is what Wall Street expects Disney to report on […]
Looking to expand its partner community, Nuke From Orbit has launched its Partner Portal to make it easy for prospective firms to protect their customers from mobile device theft. Nuke From Orbit enables users to cancel bank cards, secure digital accounts (banking apps, email, digital wallets, social media, etc.) and block their SIM in a single action. Potential […]
SoftBank Group Corp. will be the first to build a supercomputer with chips using Nvidia Corp.’s new Blackwell design, a demonstration of the Japanese company’s ambitions to catch up on AI. SoftBank’s telecom unit plans to build Japan’s most powerful AI supercomputer to support a wide range of local services, the two companies said. That […]
New research from banking and financial services company, Virgin Money has found that there is a gap between SME decision makers’ awareness of environmental, social and governance (ESG) targets and the actions being taken to achieve them. Virgin Money found that 71 per cent of decision-makers acknowledge that adopting ESG practices is important to their customers. However, only […]
