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Tag: economy


Channels

How open finance powers a more inclusive and collaborative payments industry

July 25, 2024

Via: Payments Dive

Open finance is transforming the financial services sector, extending data sharing and interoperability to a wider range of products and services. With technology at its center, open finance is creating an inclusive, innovative, customer-centric financial ecosystem, and the payments space […]


Capital and Risk, Insurance

What Role Does Insurance Play in a Politically Charged Climate?

July 22, 2024

Via: Insurance Journal

Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald Trump’s 2024 election campaign. During the incident, the former president was injured, one spectator was killed, and two more were […]


Capital and Risk, Trading

U.S. Bancorp Stock Pops on Q2 Earnings Beat

July 17, 2024

Via: Yahoo

U.S. Bancorp (USB) shares surged in intraday trading Wednesday after the bank holding company’s second-quarter results beat analysts’ expectations on the top and bottom lines.1 The company reported earnings per share (EPS) of $0.97 on revenue of $6.87 billion, above […]


Channels

BNP Paribas partners Ant International to enhance cross-border payment solutions in Europe

July 16, 2024

Via: FinTech Futures

The pair formalised their partnership by signing a Memorandum of Understanding (MoU) in Zurich this month. The agreement will see the Paris-headquartered group leverage the services of Alipay+, Ant Group’s cross-border digital payments solutions firm, to enable merchants who use the […]


Capital and Risk, Liquidity

Gold (XAU/USD) Slips After the PBoC Step Back from Buying for the Second Month

July 8, 2024

Via: DailyFX

Gold prices are under slight pressure as China’s central bank – the People’s Bank of China (PBoC) – holds off on purchases for the second straight month. This absence of a significant buyer – the PBoC have been a constant […]


News

Payments industry to use AI to detect fraud, improve efficiency

July 2, 2024

Via: Payments Dive

While generative AI has made headlines in recent years for its conversational and writing skills, payments companies will largely use the technology to do what they already do, but better, the Jefferies report released on June 27 said. For example, […]


Capital and Risk, Liquidity

US Dollar Sentiment Latest – EUR/USD, USD/JPY, and GBP/USD

July 2, 2024

Via: DailyFX

Recent retail trading data indicates that 57.14% of traders have taken long positions on EUR/USD, with a ratio of 1.33 long traders for every short trader. The number of long positions has increased by 26.08% since yesterday and 6.42% since last […]


Capital and Risk, Insurance

PCF Insurance Acquires Multiple Agencies, Benefits Platform

June 25, 2024

Via: Insurance Journal

PCF Insurance Services, a multi-state brokerage headquartered in Utah, announced it has acquired four new operations, two of them in the Southeast. The Brady Agency, offering commercial and personal lines coverage in North Carolina and Virginia with offices in the […]


Regulations

Swiss National Bank Cuts Rates, Cites Strong Franc as it Looks to Fuel Growth

June 20, 2024

Via: DailyFX

The SNB voted to lower interest rates by 25 basis points to set the policy rate at 1.25%. The rate cut was expected by the majority of the market but there was a notable outside chance that the Bank may […]


Capital and Risk, Trading

Historic Rate Rise on Track Despite Recession, USD/JPY Contained

February 19, 2024

Via: DailyFX

Markets have not been deterred by the fact that Japan has entered into a recession, still indicating a high probability that the Bank of Japan will vote to hike interest rates by 0.1% to exit its long-standing negative interest rate […]


News

Fortune names U.S. Bank One of the 2024 World’s Most Admired Companies

February 15, 2024

Via: Yahoo

Fortune magazine again recognized U.S. Bank as one of the 2024 World’s Most Admired Companies, naming it No. 1 in the Superregional Banks category for the 14th consecutive year. Within the Superregional Banks industry category, U.S. Bank topped the list […]


Capital and Risk, Trading

Mining Your Own Business: Tax and Estate Planning with Crypto

February 14, 2024

Via: JD Supra

Cryptocurrency, a digital form of currency that uses cryptography for security, has become a significant part of the global financial landscape. As such, it has also become an important consideration in estate planning. This Dechert OnPoint provides an overview of […]


Regulations

FTC Requires Non-Banking Financial Institutions to Report Data Security Breaches

February 14, 2024

Via: JD Supra

Beginning May 11, 2024, non-banking financial institutions regulated by the Federal Trade Commission (FTC) will be required to submit notifications of data breaches or other security events that impact 500+ consumers. The FTC issued a final rule (the Rule) amending […]


News

US-based Primary Bank appoints Crystal Dionne as new CEO

February 13, 2024

Via: FinTech Futures

Founded in 2000, Ateo specialises in providing post-trade solutions, including post-trade allocation, clearing engine and APIs, for banks, brokers, dealers and the wider trading industry. The French company has been engaged in a partnership with Trading Technologies since November 2022, […]


Capital and Risk, Trading

Trading Technologies branches out into clearing with acquisition of Ateo

February 13, 2024

Via: FinTech Futures

Founded in 2000, Ateo specialises in providing post-trade solutions, including post-trade allocation, clearing engine and APIs, for banks, brokers, dealers and the wider trading industry. The French company has been engaged in a partnership with Trading Technologies since November 2022, […]


Capital and Risk, Trading

11 Best Regional Bank Dividend Stocks to Buy

February 12, 2024

Via: Yahoo

In this article, we discuss 11 best regional bank dividend stocks to buy. You can skip our detailed analysis of the banking sector and its performance last year, and go directly to read 5 Best Regional Bank Dividend Stocks to […]


Activity, Corporate Banking

Bill Holdings, Bank of America revamp contract

February 12, 2024

Via: Banking Dive

Bill Holdings had been planning on increased work from Bank of America, but now that plan is up in the air, the CEO for the bill-pay fintech said last week. Bill, which provides bill pay and other accounting software services […]


Capital and Risk, Credit

Credit unions should expect increased supervision from NCUA on overdraft/NSF fees, vendor risk, and fair lending

February 9, 2024

Via: JD Supra

On February 6, 2024, National Credit Union Administration (NCUA) Chairman Todd M. Harper spoke at a Brookings Institution event to outline his regulatory agenda and supervisory priorities for 2024. His prepared remarks addressed the 90th Anniversary of the Federal Credit […]


News

PayPal cost-cutting likely to persist

February 8, 2024

Via: Payments Dive

PayPal’s new management isn’t finished cutting costs in its pursuit of more profitable growth, according to the digital payment company’s new chief financial officer. Chiming in for the first time Wednesday during a presentation of the San Jose-based company’s fourth-quarter […]


Regulations

Reforms to Financial Laws in Administrative Procedure

February 7, 2024

Via: JD Supra

The Decree responds to various criteria issued by Mexico’s Supreme Court of Justice (the “SCJN”), which declared that several financial laws were unconstitutional. These criteria had been leveraged by participants in the financial sector to vacate fines and sanctions. For […]