Category: Uncategorized

February 15, 2021

The investor’s principal, AJ Malhotra, will join Nymbus’ board of directors as part of the transaction. Driving new products The fintech wants to use the fresh capital, which marks its largest funding to-date, to turbocharge its Grow product. The service […]

November 16, 2020

Payments Canada, the body which operates Canada’s current payment clearing and settlement system, intends to oversee a revamp under the project name Real-Time Rail (RTR). Both the Bank of Canada and the country’s finance department were involved in the more […]

November 13, 2020

Goldman partners receive a pay raise to a $950,000 base salary and exclusive perks — including the title alone, a vestige of the days when Goldman was Wall Street’s last private bank and partners owned a stake. These days, the […]

October 21, 2020

JPMorgan Chase is making a play to sell more services to millions of American small business owners, pushing into an area pioneered by fintech firms including Square, PayPal and First Data, CNBC has learned. The bank is rolling out a […]

October 7, 2020

Bank of America is responding to the dual imperatives of cross-currency transactions – technology innovation and client demand for improved efficiency – with an omni-channel offering that now includes API (application programming interface) and mobile connectivity. “We are pleased to […]

September 21, 2020

The exchange operator’s data warehouse already sits on Amazon Web Services (AWS). In March, messaging traffic surged as demand for orders, quotes, trades and other market data rocketed. Peterson told WSJ that Nasdaq repeatedly saw daily peaks of more than […]

September 3, 2020

As part of the multi-year agreement, TSYS will continue to provide a range of processing and support services for the bank’s commercial card portfolio. TSYS has provided its payments processing services to the US lender since 1995. Mary Mazzochi, manager […]

September 1, 2020

As part of the multi-year agreement, TSYS will continue to provide a range of processing and support services for the bank’s commercial card portfolio. Wells Fargo has utilized TSYS’ payments processing platform since 1995. “We continue to benefit from the […]

August 17, 2020

First Direct has around 1.5 million customers, and has become the fourth bank in the UK to sign a debit card agreement with Mastercard. The processing giant also provides cards for Santander, Metro Bank, and Starling Bank. A First Direct […]

August 12, 2020

The grants are part of the bank’s overall $116 million commitment to addressing social and economic inequities. “This emphasis on closing racial gaps is consistent with our ongoing allocation and investment strategy,” says William Carson, vice president of the community […]

August 12, 2020

Goldman Sachs Group Inc. is seeking to acquire General Motors Co.’s credit-card business, doubling down on consumer banking and betting on a future where people pay for gas, takeout and groceries from the driver’s seat. The Wall Street firm is […]

July 23, 2020

The UK bank is acquiring an undisclosed minority equity stake in Form3 as part of the fintech’s next investment round, which is expected to complete in August. The new technology partner joins Lloyds’ current partners Google Cloud and Microsoft. New […]

June 23, 2020

Mastercard Inc. made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity. The purchase gives Mastercard more tools that help banks speed up credit decisions or improve account verification processes, using Finicity […]

June 11, 2020

The easy access savings service closed its competitive 1.05% account to new customers on Wednesday, following a surge in deposits which to £21 billion from 500,000 savers since it launched in 2018. Its 12-month fixed-rate account is still open to […]

April 28, 2020

The contract covers Deutsche Bank’s wealth management businesses in six countries – Switzerland, Luxembourg, the UK, Saudi Arabia, Singapore and Hong Kong – and is one of Avaloq’s largest business process outsourcing (BPO) projects. “Wealth Management is a key growth […]

February 14, 2020

Bank of America is enhancing the capabilities of its digital cash management tool for small businesses, Business Advantage 360, by integrating with third-party platforms, including QuickBooks, Run Powered by ADP, G Suite by Google Cloud and Google Analytics. “Businesses go […]

February 7, 2020

Deutsche Bank’s renewal agreement will cover 12 markets and will support its growth in the region which converges with the Asian asset management industry’s ‘hyper growth’, set to reach USD 112 billion by 2025*. Through this partnership, Deutsche Bank benefits […]

December 18, 2019

It will ensure secure and fast access to relevant documents for all Legal department employees of Deutsche Bank, who are located in 27 countries and operating globally. The NetDocuments system will make the collaboration between Legal department employees better and […]

December 12, 2019

Because the fees incurred by these elite cards are part of the cost of accepting credit cards, it’s the merchant which has to fork out to cover it rather than the consumer. The reason for the higher fees is down […]

December 10, 2019

Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report. Rules aimed at lowering […]