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Activity, Corporate Banking

Mastercard partners Dreams for sustainable banking solutions

May 18, 2022

Via: FinTech Futures

Through the partnership, the two firms aim to develop digital banking solutions that will help banks bolster their ESG credentials and encourage customers to adopt more sustainable consumption habits. Henrik Rosvall, founder and CEO of Dreams, says, “Through our strategic […]


News

JPMorgan shareholders reject special $52M payout to CEO Jamie Dimon

May 17, 2022

Via: Banking Dive

JPMorgan Chase shareholders on Tuesday rejected the bank’s 2021 compensation plan for its six top executives — a proposal that included $52.6 million in option awards granted to CEO Jamie Dimon. The measure received 31% support — the lowest such […]


Activity, Investment Banking

Blockchain fintech Oasis Pro lands $27m Series A

May 17, 2022

Via: FinTech Futures

The round saw participation from existing investor UDHC as well as other strategic investors Blizzard the Avalanche Fund, Inveniam, Redwood Trust, TrustLabs, Mirae Asset Venture Investment, Gate Ventures, LedgerPrime and StableNode, among others. The company says the financing will fuel […]


Capital and Risk, Liquidity

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

May 17, 2022

Via: DailyFX

In this edition of Central Bank Watch, we’ll cover the two major central banks in Europe: the Bank of England and the European Central Bank. There’s been somewhat of a divergence between the BOE and ECB in recent weeks, where […]


News

Three US cash trends persist, Fed report says

May 16, 2022

Via: Payments Dive

The Fed’s cash diary survey is conducted annually to collect data on U.S. consumer shopping and payment behaviors, with supplemental surveys added in the past two years to chart the impact of the COVID-19 pandemic. The report issued this month […]


Capital and Risk, Operational

Open finance is the future of banking

May 16, 2022

Via: American Banker

The global COVID-19 pandemic has shone a floodlight on financial vulnerabilities and the stress they cause for families. A recent survey shows that only 22% of Americans give themselves high scores on their own financial wellness. This is a failing […]


Capital and Risk, Trading

3 Buffett Stocks to Buy Amid High Inflation and Rising Interest Rates

May 13, 2022

Via: Yahoo

Stocks are off to a rough start in 2022. Investors are primarily concerned about inflationary pressures and how they might affect the economy. The most recent Consumer Price Index (CPI) for April put inflation at 8.3%. While this is below […]


Capital and Risk, Operational

How Technology Blends Banking’s Future

May 13, 2022

Via: Bank Director

After rapidly adjusting operations at the start of the pandemic and accelerating their digital transformation roadmaps, banks are left wondering: What happens next? And what did the acceleration mean for banks’ digital strategy? Banks need to shift their mindsets from […]


Regulations

US Consumer Financial Protection Bureau fines Bank of America $10m for illegal garnishments

May 12, 2022

Via: FinTech Futures

The CFPB says BofA unlawfully froze customer accounts, charged garnishment fees and “sent payments to creditors based on out-of-state garnishment court orders that should have been processed under the laws and protections of the states where the consumers lived”. Garnishments […]


Regulations

Senate confirms Jefferson to Fed board in 91-7 vote

May 12, 2022

Via: Banking Dive

With Wednesday’s confirmation, Jefferson begins a term at the central bank that runs until 2036 and becomes the fourth Black man to serve on the Fed board. “Dr. Jefferson is one of the country’s leading thinkers on the economics of […]