Category: Uncategorized

November 16, 2018

John Richert knew the moment Goldman Sachs was coming to town. First, the J. P. Morgan Chase banker got a call from a recruiter in June 2017 asking if he would consider joining the rival. Then Goldman went after his […]

November 13, 2018

Huawei’s Enrique Marron Caballero, finance solution director, Western Europe (ex-Santander), admits that bank executives “won’t be fired if a traditional US provider fails [on a project]”. Huawei has typically started with “foundation platforms” such as storage and wifi for banks, […]

November 8, 2018

American Express AXP, +2.22% on Thursday announced a new card for small businesses that aims to provide them more flexibility over their spending. The Business Gold Card, which has an annual fee of $295, blends elements of both charge cards […]

November 7, 2018

Set up by a gaggle of former Google engineers, Thought Machine has spent the last few years trying to solve one of the biggest problems in banking: how to replace the decades old legacy core systems which hamper the delivery […]

November 5, 2018

The new project builds on the “strategic relationship” by the two firms embarked on in 2017. It started with the integration of Billtrust’s Virtual Card Capture and Visa’s Straight Through Processing solution. “Billtrust’s BPN will further the multipronged strategy Visa […]

October 22, 2018

Open Banking leverages an ecosystem of third-party apps and services to enhance and enrich the customer experience and can help satisfy regulation such as the revised EU Payment Services Directive (PSD2). The Open Bank Project, led by Berlin-based software company […]

October 15, 2018

In the years leading up to the global financial crisis a decade ago, risk was viewed at many financial institutions in a very different way than it is today. The financial system was like a highway on which different vehicles […]

October 9, 2018

Walmart’s online grocery business will thrive and compete well against Amazon, according to Deutsche Bank. The firm raised its rating to buy from hold for Walmart shares, predicting the retailer will report sales above expectations in its third quarter. “We […]

September 28, 2018

The round included new investors Extol Capital, and a “multi-billion dollar international investment fund” along with participation from existing investors GV (formerly Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend Forward Capital, and Pantera Capital. This funding adds to the […]

September 10, 2018

The bank doesn’t have a licence but white labels its services. Its products can be connected with other financial accounts, and Novo steps in to provides recommendations based on a user’s financial picture. Novo’s deposit account services and card are […]

August 28, 2018

According to the U.S. Small Business Administration Office of Advocacy, there are currently 29.6 million micro and small businesses in the United States. Of those, 80 percent are one-person businesses, and 22 percent are made up of 10 employees or […]

August 21, 2018

J.P. Morgan Chase is about to lob a grenade into the increasingly competitive world of retail investing. The bank is rolling out a digital investing service next week that comes bundled with free or discounted trades, a sophisticated portfolio-building tool […]

July 30, 2018

Via the deal, Chase Pay customers are now able to link their accounts to Samsung Pay on Galaxy phones. This opens up Samsung Pay’s magnetic secure transmission (MST) technology, along with NFC, to pay with Chase Pay across US-based partner […]

July 9, 2018

Most financial advisers act with honesty and integrity. While their investment philosophies may vary, the vast majority of them will be responsible stewards of your financial assets. Still, it’s your job to vet an adviser before signing on. Fortunately, the […]

July 6, 2018

Square has withdrawn its application to open a new depository bank in the US, but says it plans to apply later to the Federal Deposit Insurance Corp (FDIC). As reported in September 2017, Square was applying for an industrial loan […]

July 3, 2018

Morgan Stanley says the passage of Wells Fargo’s capital return plan by the Federal Reserve is a significant positive event for the company. On Thursday, the Fed approved Wells Fargo’splan in the second part of its annual bank stress tests. […]

June 11, 2018

The United Services Automobile Association (USAA) is suing on grounds of intellectual property charges for unspecified damages, over USAA’s remote deposit capture patents. San Antonio-based USAA claims to have invented such tech, and thus started demanding licensing fees from banks […]

June 4, 2018

The jointly developed chatbot-to-chatbot communication solution replaces manual responses to status updates on customers’ securities trades on the messaging platform Symphony. For references, processes that used to previously take up to three minutes for a single trade will now be […]

May 29, 2018

Automation is a common buzzword these days in the financial services industry. What does it really mean for your business, and how far can you take automation through your credit origination process? We have compiled the top five benefits of […]

May 25, 2018

Bill Ready, COO and EVP, PayPal, says it already partners with Google for its shared users to pay via PayPal in-store, online and in-app with Google Pay and on Chrome mobile web. They are now extending that partnership to offer […]