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Tag: banking


Activity, Corporate Banking

Bank of Clarke partners with Greenlight for family money management solution

July 23, 2024

Via: FinTech Futures

Bank of Clarke customers can now register online for a complimentary Greenlight subscription and link their Bank of Clarke account as a funding source. With this move, the company becomes the first community bank in Virginia to connect with Greenlight’s […]


Capital and Risk, Operational

U.S. Bank introduces automated, end-to-end supplier accounts receivable platform

July 23, 2024

Via: Yahoo

U.S. Bank today introduced a comprehensive accounts receivable (AR) platform to help suppliers accelerate cash flow, cut costs through automation and deliver better payment experiences. Created in partnership with Billtrust, U.S. Bank Advanced Receivables brings together the bank’s leading payment and risk management […]


Capital and Risk, Insurance

What Role Does Insurance Play in a Politically Charged Climate?

July 22, 2024

Via: Insurance Journal

Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald Trump’s 2024 election campaign. During the incident, the former president was injured, one spectator was killed, and two more were […]


Capital and Risk, Liquidity

Gold (XAU/USD) – Recent Sell-off May Open Up Opportunities

July 19, 2024

Via: DailyFX

Gold posted a fresh multi-decade high earlier this week, breaking out of a range that has held since late March. A break above the 20-day and 50-day moving averages at the start of the month allowed the precious metal to test […]


Capital and Risk, Liquidity

Euro (EUR/USD) Little Moved as ECB Leaves Rates Unchanged, September Meeting Now Key

July 18, 2024

Via: DailyFX

The European Central Bank left all three key ECB interest rates unchanged today, fully in line with market expectations. The ECB recognised that some measures of underlying inflation ‘ticked up in May’ but added that ‘most measures were either stable […]


Capital and Risk, Trading

U.S. Bancorp Stock Pops on Q2 Earnings Beat

July 17, 2024

Via: Yahoo

U.S. Bancorp (USB) shares surged in intraday trading Wednesday after the bank holding company’s second-quarter results beat analysts’ expectations on the top and bottom lines.1 The company reported earnings per share (EPS) of $0.97 on revenue of $6.87 billion, above […]


Channels

BNP Paribas partners Ant International to enhance cross-border payment solutions in Europe

July 16, 2024

Via: FinTech Futures

The pair formalised their partnership by signing a Memorandum of Understanding (MoU) in Zurich this month. The agreement will see the Paris-headquartered group leverage the services of Alipay+, Ant Group’s cross-border digital payments solutions firm, to enable merchants who use the […]


Channels

BofA tackles digital payments pain points

July 15, 2024

Via: Payments Dive

With the increasingly 24/7 role of treasurers in mind, Bank of America is tackling payments pain points to modernize its CashPro digital banking platform that is used by about 40,000 companies and corporations. The Charlotte, North Carolina-based bank said it […]


Capital and Risk, Operational

Diamond Credit Union partners Tyfone for nFinia digital banking platform

July 15, 2024

Via: FinTech Futures

Tyfone says the credit union chose its tech for its “configurability and ability to meet the digital needs of both members and small and medium-sized businesses (SMBs) in its community”. The digital banking technology provider adds that the API-driven nFinia […]


Activity, Corporate Banking

Malaysia’s Affin Bank partners ACI Worldwide for business payments platform

July 12, 2024

Via: FinTech Futures

The Kuala Lumpur-headquartered commercial bank will make use of the vendor’s B2B payments platform as part of the deal. The platform claims to converge payment processes across both high and low-value payments, corporate and retail internet banking, ATMs and through […]


Capital and Risk, Trading

The Ethics of Trading

July 11, 2024

Via: TechBullion

Introduction Trading, whether it be in stocks, products, or monetary standards, is a training as old as business itself. While the mechanics of Trading have advanced decisively throughout the long term, the essential rules that oversee The Ethics of Trading stay imperative […]


Capital and Risk, Insurance

Fifth Third Bank to Pay $5M Fine for Illegally Forcing Car Insurance Onto Borrowers

July 11, 2024

Via: Insurance Journal

Fifth Third Bank agreed this week to pay a $5 million fine for illegally forcing vehicle insurance onto borrowers who had coverage. Fifth Third also agreed to pay a $15 million fine for illegal sales practices. The Cincinnati, Ohio-based bank […]


Capital and Risk, Operational

Avidia Bank to adopt Personetics’ AI-powered engagement engine through new Q2 Digital Banking Platform

July 10, 2024

Via: FinTech Futures

Central Bank states that the move will enable it to deliver goal-oriented savings and wellness programmes to its digital users, offer real-time personalised financial advice and introduce an improved money management hub. Daniel Westhues, executive VP and CMO at Central […]


Capital and Risk, Liquidity

Gold (XAU/USD) Slips After the PBoC Step Back from Buying for the Second Month

July 8, 2024

Via: DailyFX

Gold prices are under slight pressure as China’s central bank – the People’s Bank of China (PBoC) – holds off on purchases for the second straight month. This absence of a significant buyer – the PBoC have been a constant […]


Regulations

Greek neobank Snappi lands banking licence from the ECB

July 3, 2024

Via: FinTech Futures

Snappi is a joint venture between Athens-based Piraeus Bank and core banking software vendor Natech. First announced back in 2022, Thanasis Navrozoglou, president and CEO of Natech, said at the time that Snappi would seek to “address both consumers and financial […]


News

Payments industry to use AI to detect fraud, improve efficiency

July 2, 2024

Via: Payments Dive

While generative AI has made headlines in recent years for its conversational and writing skills, payments companies will largely use the technology to do what they already do, but better, the Jefferies report released on June 27 said. For example, […]


Capital and Risk, Liquidity

US Dollar Sentiment Latest – EUR/USD, USD/JPY, and GBP/USD

July 2, 2024

Via: DailyFX

Recent retail trading data indicates that 57.14% of traders have taken long positions on EUR/USD, with a ratio of 1.33 long traders for every short trader. The number of long positions has increased by 26.08% since yesterday and 6.42% since last […]


Regulations

The rise of instant payments: protecting consumers from criminals in 10 seconds

July 1, 2024

Via: FinTech Futures

While these tectonic shifts have immensely benefited consumers in terms of convenience and speed, they have also inevitably created opportunities for criminals to commit financial fraud and launder money quicker, with much less friction. As consumers around the world are […]


Channels

Bank of America zeroes in on banking app innovation

June 27, 2024

Via: Payments Dive

Bank of America is doubling down on innovation to drive further adoption of its digital-banking mobile app for businesses, and turning to its clients for input on enhancing user experience and feature functionality. The Charlotte, North Carolina-based bank’s CashPro mobile […]


Capital and Risk, Insurance

PCF Insurance Acquires Multiple Agencies, Benefits Platform

June 25, 2024

Via: Insurance Journal

PCF Insurance Services, a multi-state brokerage headquartered in Utah, announced it has acquired four new operations, two of them in the Southeast. The Brady Agency, offering commercial and personal lines coverage in North Carolina and Virginia with offices in the […]