Lender OakNorth to originate $1.5B in 2025
London-based online lender OakNorth has originated over $1 billion since making its U.S. market debut in July 2024. Small- and...
CFPB could ‘water down’ open banking rule, founder says
Since Donald Trump took office on Jan. 20, the Consumer Financial Protection Bureau has seen significant transformation. (Courtesy/Bloomberg) Actions by...
HSBC launches tariff tool to aid SMBs
As tariff-related pressures mount, HSBC is launching a trade financing and payments solution to help businesses conduct cross-border trade. Businesses...
AI writes up to 30% of code at Microsoft, CEO says
Despite recent reports sounding alarms about big tech pulling back on AI-driven data center capital expenditures, executives have calmed the...
Senate proposes GENIUS Act to provide clarity on stablecoin, payments
The U.S. Senate has introduced a Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which seeks to provide...
Huntington Bank resolves outage
Huntington Bank has been experiencing transaction processing delays. A spokesperson at the $210 billion bank told Bank Automation News: “Due...
Transactions: Cloud-native collections company Akuvo signs 10 FIs in Q1
Debt-collection service provider Akuvo is seeing rising demand for its services amid a tumultuous macroeconomic environment. The Malvern, Pa.-based company...
Auto aftermarket sees rising need for BNPL
As President Donald Trump’s tariffs start to take effect, the auto industry is slashing its outlook for the year and...
UK develops crypto regulations with US input
The United Kingdom’s government is working with counterparts in the United States to develop cryptocurrency regulations. (Courtesy/CanStock) The Plan of...
Berkshire will ‘wait and see’ on deploying AI
Investor Warren Buffett’s investment conglomerate, Berkshire Hathaway, is taking a wait-and-see approach on how AI technology evolves in the insurance...
