Merchants, retail banks and billing orgs favour real-time payments and open banking

June 20, 2018

Comprised of responses from executives across the merchant, digital goods, hospitality, telecom and travel sectors, the benchmark also revealed that 51 percent of all merchants, billing organizations and retail banks will increase their IT budgets for payments-related projects in 2018. […]

The Federal Reserve has a glorious history of hurting investors

June 13, 2018

Investors would have to be stupid to ignore the Federal Reserve’s history of causing pain. But that is exactly what momentum investors are doing now. History repeats itself, but human nature being what it is, many investors do not learn. […]

Mastercard seeks to break down trust barriers in Open Banking

June 5, 2018

The programme seeks to address the liability worries of banks sharing their data with third parties and to help startups to better communicate with their banking partners. For banks, Mastercard is building a pan-European directory of verified and legimate third […]

Activity, Investment banking

Goldman Will Pay Big Money for Cash — Yes, Even Your Measly Savings

June 19, 2018

Via: TheStreet

Goldman Sachs Group Inc. (GS) wants your cash. And you might actually want to give it to them. The Wall Street investment bank is trying to transform itself into a broader financial-services company like bigger rivals Bank of America Corp. […]


Fed Approves Rule to Prevent Risk Concentration Between Large Banks

June 18, 2018

Via: ABF Journal

The Federal Reserve Board approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. As demonstrated during the financial crisis, excessive exposure between the largest financial institutions spread contagion and eroded […]

Activity, Trading

What the stock market’s most crucial week of the year tells us about the road ahead

June 18, 2018

Via: Market Watch

Stock-market investors navigated, virtually unscathed, a gauntlet of central-bank gatherings, a historic summit between President Donald Trump and North Korean Kim Jong Un, and flaring trade tensions. The S&P 500 index SPX, -0.10% ended the week essentially flat, managing the […]