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Category: Capital and Risk


Capital and Risk, Operational

Banking apps fall short on fraud protections: report

March 14, 2024

Via: Payments Dive

For the report, Consumer Reports evaluated the mobile banking apps of five large traditional banks: Bank of America, Capital One, JPMorgan Chase, U.S. Bank and Wells Fargo, as well as those of five digital banks: Albert, Ally, Chime, Current and […]


Capital and Risk, Liquidity

US Dollar Seeks Fed Signals in PPI, Retail Sales Data – EUR/USD, USD/JPY Setups

March 14, 2024

Via: DailyFX

The U.S. dollar experienced a slight dip on Wednesday, although its descent was cushioned by an uptick in U.S. Treasury yields. In any case, FX volatility remained subdued as traders appeared to refrain from taking large directional positions ahead of […]


Capital and Risk, Trading

U.S. Bancorp (USB) Stock Drops Despite Market Gains: Important Facts to Note

March 12, 2024

Via: Yahoo

The latest trading session saw U.S. Bancorp (USB) ending at $43.21, denoting a -0.71% adjustment from its last day’s close. The stock’s change was less than the S&P 500’s daily gain of 1.12%. At the same time, the Dow added […]


Capital and Risk, Insurance

US neobank Oxygen switches focus from banking to health insurance in new strategy

March 11, 2024

Via: FinTech Futures

In a statement on the company’s website, Oxygen says it officially commenced the “account closure process” on 8 March, with both consumers and business users being informed that their accounts will be closed on 29 March. The firm adds that […]


Capital and Risk, Credit, Regulations

CFPB to cap credit card late fees at $8 and increase accountability among issuers

March 8, 2024

Via: FinTech Futures

The ruling has lowered the charge from its previous figure of $32, in a move that the regulator hopes will save account holders more than $14 billion a year while axing what it describes as business models founded on “penalties, […]


Capital and Risk, Operational

The history of banking technology vs the history of banking experience

March 1, 2024

Via: FinTech Futures

Back in 1957, 1TB of storage capacity would have cost $9.2 billion, while 1TB of memory would have cost $411 trillion. Today, the same storage and memory capacity costs just $14 and $2,100, respectively. Banking has evolved in lockstep. We […]


Capital and Risk, Credit

Blackstone buys $1.1bn of US credit card debt from Barclays

February 28, 2024

Via: FinTech Futures

The deal with see the bank transfer the debt from its branded credit card programme in the US to Blackstone’s credit and insurance segments, which were consolidated last September. Barclays says the transaction is part of a move to release […]


Capital and Risk, Liquidity

EUR/USD Testing 200-SDMA Resistance, EUR/GBP Slipping Into Support

February 23, 2024

Via: DailyFX

German GDP fell by 0.3% in Q4 2023 compared to the third-quarter, and by 0.4% on the same quarter a year ago, data released by the Federal Statistics Office (Destatis) today confirmed. “The German economy ended 2023 in negative territory. […]


Capital and Risk, Credit

Commerce Bank taps Temenos for loan origination solution

February 22, 2024

Via: FinTech Futures

Temenos, which has recently been forced to refute allegations made by Hindenburg Research of client dissatisfaction and accounting irregularities, claims its Infinity system will provide the US private bank with increased operational efficiency and personalised customer experiences. Commerce says it […]


Capital and Risk, Credit

Neon Money Club launches dating app for those with good credit

February 21, 2024

Via: Banking Dive

On Valentine’s Day, fintech Neon Money Club launched an app to help financially like-minded people find love. Potential suitors will find one unusual hurdle prior to swiping right, though: They must have at least a 675 credit score. The app, […]


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 […]


Activity, Capital and Risk, Credit, Retail Banking

US Bank partners Pagaya Technologies for inclusive lending with AI

February 16, 2024

Via: FinTech Futures

The partnership will see the bank adopt its partner’s embedded lending technology and credit intelligence network to induce a “second review” of a loan application should the applicant fail to meet its traditional lending requirements the first time around. A […]


Capital and Risk, Credit

2023 Year in Review: Credit Reporting

February 15, 2024

Via: JD Supra

The CFPB’s announcement of a proposed rulemaking to remove medical bills from consumers’ credit reports, as well as the special focus placed on medical debt in its annual report, indicates that reporting medical debt will continue to be a priority. […]


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 […]


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 […]


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 […]


Activity, Capital and Risk, Corporate Banking, Credit

SellersFi, Amazon team up to offer up to $10M in credit lines

January 31, 2024

Via: Banking Dive

SellersFi, a global e-commerce financing and financial services company, is partnering with Amazon Lending to offer eligible sellers credit lines of up to $10 million, the companies announced Tuesday. CEO and co-founder Ricardo Pero said the credit lines are targeting […]


Capital and Risk, Credit

BNPL lender Sunbit secures $310m debt facility with Citi and Ares Management Credit

January 31, 2024

Via: FinTech Futures

The facility builds upon a previous $250 million debt facility the fintech landed with Credit Suisse and Waterfall Asset Management in December 2022. Founded in 2016 and based in Los Angeles, USA, Sunbit provides a buy now, pay later (BNPL) […]


Capital and Risk, Macroeconomic

Euro (EUR/USD) Pares Recent Losses After German and Euro Area Q4 GDP Releases

January 30, 2024

Via: DailyFX

The German economy missed slipping into a technical recession by the smallest of margins after the country’s Q3 GDP was upgraded to flat from -0.1%. The first look at German Q4 GDP came in line with market forecasts at -0.3%. […]