Goldman Sachs loses $3bn over three years on platform solutions business

January 18, 2023

Reuters reports the firm outlined a pre-tax loss for the unit, which includes its transaction banking, credit card and fintech businesses, of $1.2 billion for the first nine months of 2022. This follows a $1.05 billion loss in 2021 and […]

US agencies outline risks of crypto to banking system

January 5, 2023

The agencies say they have “significant safety and soundness concerns” with business models that are concentrated in crypto-asset-related activities or have exposure to the crypto-asset sector. As a result, in a year marked by “significant volatility” in the cryptosphere, the […]

Personalisation in banking

December 28, 2022

Category: News

Despite the necessity of driving individualised experiences, the banking industry is struggling to keep up with retailers, media and tech companies in delivering these highly tailored interactions and product offerings to their customers. And considering that millennials and Gen Z […]

Capital and Risk, Insurance

Few Homeowners Have Flood Insurance in Soaked California

January 23, 2023

Via: Insurance Journal

On Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks and other residents of his rural mobile […]


Why the increased adoption of PvP settlement will enhance cross-border payments

January 23, 2023

Via: FinTech Futures

Typically, they are high-value/high-volume interbank payments. It is this wholesale, interbank foreign exchange (FX) market that provides the fuel and liquidity for domestic and international retail schemes to operate, but in doing so it is open to what’s known as […]


U.S. Bank adds Guillaume Mascotto as head of Sustainable Finance

January 20, 2023

Via: Yahoo

U.S. Bank announces the hire of Guillaume Mascotto as the company’s head of Sustainable Finance. In this new leadership role, Mascotto will build and lead a new team focused on identifying sustainable finance opportunities across the entire enterprise. Based in […]