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Category: Activity


Activity, Investment Banking

U.S. Bancorp (USB) Outpaces Stock Market Gains: What You Should Know

March 24, 2023

Via: Yahoo

U.S. Bancorp (USB) closed at $35.06 in the latest trading session, marking a +0.78% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.3%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.34%. […]


Activity, Corporate Banking

JP Morgan snaps up VC investment analytics software firm Aumni

March 23, 2023

Via: FinTech Futures

The acquisition, expected to close in H1 2023, will build out JP Morgan’s private markets platform for companies, employees and investors. The US multinational says the deal will complement its recent acquisition of Global Shares and the launch of its […]


Activity, Investment Banking

Why US Bancorp Stock Was Down 15.1% This Week

March 17, 2023

Via: Yahoo

US Bancorp (NYSE: USB), the holding company for US Bank, saw its stock price plummet 15.1% this week from last Friday’s close through 10 a.m. ET today, according to S&P Global Market Intelligence. The stock is trading at about $34.50 […]


Activity, Corporate Banking

BNP Paribas and Hokodo team up to launch new B2B BNPL offering

March 16, 2023

Via: FinTech Futures

The new offering, which can be integrated into existing checkouts via an API, will enable multinational corporates to provide payment alternatives such as BNPL to their business customers. Hokodo says that through its real-time credit decision process and “highly configurable” […]


Activity, Corporate Banking, Regulations

Bank of America misled PPP borrowers, lawsuit alleges

March 7, 2023

Via: Banking Dive

A class-action lawsuit filed against Bank of America last month claims the bank misrepresented the amount of pandemic aid small business owners were eligible for, leaving firms saddled with unforgivable debt. Three California-based small businesses — Happy Puppy LA, Brandamize […]


Activity, Retail Banking

Citizens Financial Group taps Paymentus for bill pay and money movement services

February 16, 2023

Via: FinTech Futures

Through the partnership, Citizens will utilise Paymentus Bill Center and Paymentus Loan Payments, both powered by Paymentus’ instant payments network (IPN). Paymentus Bill Center provides customers a holistic view of all their bills and financial obligations, as well as payment […]


Activity, Investment Banking

Global fintech investment drops 31% in 2022 from record 2021 high

February 16, 2023

Via: FinTech Futures

Despite the drop, it was still the third-best year for fintech investment ever and the second-best year for deal volume. Global fintech investment dropped by more than 50% in H2 2022 compared to H1 2022, from $119.2 billion to $44.9 […]


Activity, Corporate Banking

IDB BANK ANNOUNCES STRATEGIC EXPANSION OF SPONSOR & LEVERAGE FINANCE TEAM

February 15, 2023

Via: PR Newswire

IDB Bank (IDB), a New York-based private and commercial bank, has announced the expansion of its Sponsor & Leverage Finance team. As part of this expansion, IDB aims to further its presence within the leverage finance space, a key area […]


Activity, Corporate Banking

Crypto exchange Binance snaps up majority stake in South Korea’s Gopax

February 7, 2023

Via: FinTech Futures

The investment, the financial details of which are undisclosed, marks the company’s return to the South Korean market after its exit in 2021. Announcing the deal, Binance says that in November, Gopax “halted the withdrawal of principal and interest payments […]


Activity, Corporate Banking

Swiss private bank Bergos goes live with FNZ’s core banking tech

February 1, 2023

Via: FinTech Futures

FNZ acquired Swiss private banking technology firm New Access for an undisclosed sum last year, which provides a scalable and modular “core-to-digital” banking tech suite designed to meet the specific requirements of the private banking and wealth management industry. Bergos […]


Activity, Retail Banking

As uncertainty continues, financial institutions must provide revitalised client-first approaches

January 31, 2023

Via: FinTech Futures

Ambiguity is a given in the environment many financial institutions find themselves in, as neither stability nor significant growth can be guaranteed. With rising inflation, uninspiring GDP growth, tightening central bank interest rates, turbulent geopolitics, and numerous COVID-19 variants, bankers […]


Activity, Corporate Banking

Dubai Investments buys 9% stake in UK challenger Monument Bank

January 30, 2023

Via: FinTech Futures

Following the investment, Monument, which is regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), says it is looking to expand its product suite and services to cater to the mass-affluent both in the UK and globally. […]


Activity, Corporate Banking

US fintech DailyPay lands $260m funding to fuel growth

January 25, 2023

Via: FinTech Futures

The total funding is made up of a mix of revolving credit facility capacity and new term loan funding. The revolving credit facility has been provided by Barclays ($100 million) and Angelo Gordon ($60 million), and the $100 million in […]


Activity, Capital and Risk, Operational, Retail Banking

Building a future-ready bank

January 25, 2023

Via: FinTech Futures

Will it be tokenisation? The metaverse? A new revolutionary payment mechanism? Or something else more abstract? The opportunities are endless… but one concept dominates the retail banking world and continues to be discussed year in year out: how can banks […]


Activity, Retail Banking

Methods to Create Effective Customer Journeys for Your Bank

January 18, 2023

Via: Bank Director

In recent years, there has been an increase in the number of job positions for chief customer experience officers across financial institutions (FI) of all sizes. Those roles were created to help an FI focus outwardly and represent the customers’ […]


Activity, Retail Banking

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

January 18, 2023

Via: FinTech Futures

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 […]


Activity, Investment Banking

Biden’s ESG Investment Rules Threaten Your Retirement Savings

January 17, 2023

Via: CNSNews.com

President Joe Biden’s Labor Department recently announced a new rule that will permit money managers to play politics with trillions of dollars of people’s retirement savings. The administration is pushing environmental, social and governance investing, which allows retirement fund managers […]


Activity, Corporate Banking, Regulations

JP Morgan sues Frank founder for allegedly inflating user figures

January 12, 2023

Via: FinTech Futures

According to the lawsuit, filed in December last year in the US District Court in Delaware, Javice allegedly claimed Frank – a student loan application fintech – had more than 4.25 million student users but had used “synthetic data” techniques […]


Activity, Capital and Risk, Credit, Retail Banking

Frost Bank to offer home loans after more than 20-year hiatus

January 12, 2023

Via: Banking Dive

San Antonio-based Frost Bank prides itself in its ability to offer its customers services they want, Blair McGrain, the bank’s chief marketing officer attests. That’s why the $52.9 billion-asset institution is bringing back a product it hasn’t offered since 2000: […]


Activity, Investment Banking

Germany’s Gen Z neobank Ruuky files for insolvency

January 11, 2023

Via: FinTech Futures

Writing on LinkedIn, the firm says that due to “challenging times” and despite its best efforts, “we were unable to overcome the market dynamics to raise additional funding”. Ruuky says the decision to file for insolvency “was not taken lightly” […]