147 articles tagged with this keyword
News/Credit risk
Chetwood Financial, which is backed by UK hedge fund Elliott Management, is the latest challenger bank to be granted a full UK banking licence.
07 January 2019
News/ai
ING has partnered with Google and PwC to develop an AI-enabled system capable of crunching huge volumes of financial data in search of hidden signals that indicate heightened levels of credit risk.
19 December 2018
The Swiss government has amended its Banking Act to include new authorisation rules for fintechs in its latest bid to boost innovation in the sector.
30 November 2018
The European Central Bank has unveiled its response to the rise of digital wallets with the launch of Target Instant Payments Settlement (TIPS), a pan-eurozone instant payments system.
Between €750-800bn in assets will move from London to Frankfurt as a result of a Brexit-led exodus of banks from the UK.
29 November 2018
News/startups
Upturn, a US startup incubated by BBVA, has officially launched, offering a free online tool that simplifies and streamlines the process of disputing inaccuracies on people's credit reports.
15 November 2018
News/security
A report published by two eBay executives reveals that the online flea market's new AI algorithm can identify 40% of credit card fraud transactions with high precision, a significant finding for a sector relying on tech-based detection techniques.
08 November 2018
A French day trader is suing UK broker Valbury Capital after it voided the €10m profit he had accrued using what he thought was a demo version of its trading software but which turned out be a live account.
22 June 2018
As the digitalisation of banking gathers pace, outsourcing of key IT services to third parties poses an increasing risk to the sector, warns a senior European Central Bank figure.
06 June 2018
Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.
05 June 2018
Sageworks, an old-school fintech that provides lending, credit risk and portfolio risk technology to US financial institutions, has been acquired by private equity firm Accel-KKR. Financial terms were not disclosed.
18 May 2018
Finastra has made its blockchain-based Fusion LenderComm tool for firms operating in the syndicated lending market commercially available as an app on R3's Corda platform.
24 April 2018
Private equity firm Silver Lake is buying a $500 million stake in personal finance technology outfit Credit Karma from existing investors.
29 March 2018
Australia has moved one step closer to implementing an Open Banking regime with the publication of a final Government report into the issue, accompanied by draft legislation to mandate comprehensive credit reporting.
09 February 2018
One of China's senior financial regulators has stated that the government will only support fintechs that serve the real economy, casting further doubt on the future of virtual currencies and related technologies within China.
16 January 2018
HM Treasury is offering £2 million to budding entrepreneurs who can develop an application that will enable Britain’s 11 million renters to record and share their rent payment data, helping to improve their credit scores and their chances of getting a mortgage.
06 December 2017
A Federal Reserve Bank of Cleveland report which compared the peer-to-peer lending industry to the subprime mortgage market has been temporarily taken offline after questions were raised about the underlying data set.
21 November 2017
The peer-to-peer lending industry has the potential to destabilise consumer balance sheets, with loan performances bearing a striking resemblance to the subprime mortgage market before the 2007 crisis, warns a new paper from the Cleveland Federal Reserve.
10 November 2017
An increasing reliance on artificial intelligence by banks, insurers and hedge funds could have unintended consequences and threaten the financial system's stability, warns a report from a top global watchdog.
01 November 2017
A consortium of fintechs and banks has developed a distributed ledger technology (DLT) platform for the syndicated lending market.
05 October 2017
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