Category: Activity

Activity, Capital and Risk, Credit, Investment Banking

JPMorgan Chase’s trading revenue, consumer and commercial loans fall

January 14, 2022

Via: American Banker

JPMorgan Chase posted a decline in trading revenue that was steeper than analysts expected, and both commercial and consumer loans fell from a year earlier. Shares of the company dropped after the firm reported a 16% slide in fixed-income trading […]

Activity, Investment Banking

Foreign direct investment reviews 2021: Switzerland

January 10, 2022

Via: JD Supra

Unlike many other European jurisdictions marked by restrictive conditions for foreign direct investment (FDI), Switzerland has been a very attractive jurisdiction for such investments, with few rules, which has encouraged significant foreign investment. In 2016 for example, Chinese investment in […]

Activity, News, Retail Banking

Why the key to effective engagement banking lies in behavioural science

January 10, 2022

Via: FinTech Futures

A recent Gallup report, for instance, revealed that engaged customers bring 37% more annual revenue compared to disengaged customers​. Yet far too many banks still have inadequate engagement strategies in place, which in the long run, could significantly undermine their […]

Activity, Channels, Retail Banking

The year ahead: Enhanced digitisation and the evolution of payments

January 3, 2022

Via: FinTech Futures

During the pandemic—when brick-and-mortars shut their doors and consumers flocked to the internet and their mobile devices for basic services—the digitisation of commerce and specifically the payments industry went into overdrive, making a half-decade of progress in a year’s time. […]

Activity, Investment Banking

Foreign direct investment reviews 2021: European Union

December 27, 2021

Via: JD Supra

“Some national FDI regimes determine filing requirements or intervention rights based solely on the size of the stake acquired” While there is no standalone foreign direct investment (FDI) screening at the EU level, the EU continues to push for a […]

Activity, Channels, Investment Banking

Cross-border payments platform Taptap Send raises $65m in Series B round

December 23, 2021

Via: Banking Technology

The round was led by Spark Capital and saw participation from Unbound and previous leads Reid Hoffman and Canaan Partners, along with Slow Ventures, Breyer Capital, Wamda Capital, Flourish Ventures, and additional investors from the Middle East, Africa, Asia, and […]

Activity, Investment Banking

Citi spin-out Proxymity raises $31m in Series B funding round

December 20, 2021

Via: FinTech Futures

Original consortium investors BNY Mellon, Citi, Computershare, Deutsche Bank, Deutsche Börse, JP Morgan, and State Street all participated in the round. The platform was incubated in Citi and launched in the UK in 2018, following a collaborative pilot partnership with […]

Activity, Corporate Banking

Russian digital bank Tinkoff taps Finastra for Asian expansion

December 17, 2021

Via: FinTech Futures

Tinkoff, which currently serves more than 18.5 million customers, plans to open a subsidiary bank in the Philippines as part of its wider Asian expansion strategy. Reports that the firm was seeking a banking licence in the country came to […]

Activity, Corporate Banking

The development of real-time payments in the US

December 15, 2021

Via: FinTech Futures

When it comes to payments, a sea-change is underway in the US, where a series of updates to existing payment rails, as well as the introduction of new, real-time solutions and overlay services, looks set to revolutionise payments as we […]

Activity, Corporate Banking

USD/CAD Continues Higher Despite Bank of Canada Inflation Mandate Extension

December 14, 2021

Via: DailyFX

Overnight, the Bank of Canada (BoC) agreed to extend the 2% annual inflation mandate, which was set to expire on January 1. This allows BoC policymakers more flexibility in combating rising prices while waiting for the economy to absorb labor […]