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Tag: banking


Activity, Investment banking

Investment funds tech startup FundGuard secures $4 million in seed funding

October 19, 2018

Via: Finextra headlines

FundGuard, a cloud-based investment funds operating system powered by AI and designed to revolutionize the investment funds technology space, today announced its launch and $4 million in funding led by venture firms Blumberg Capital and LionBird. FundGuard will use the […]


Business banking, Capital and risk, Credit, Products, Regulations, Retail banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]


Capital and risk, Channels, Operational

Refinitiv expands cloud delivery of financial data via AWS

October 17, 2018

Via: Finextra headlines

Refinitiv, formerly the Financial and Risk business of Thomson Reuters, announced today that its Elektron real-time data delivery using Amazon Web Services (AWS) is being expanded to meet high demand from clients across the globe. To ensure continued excellence and […]


Activity, Trading

Trump’s North American Trade Triumph

October 16, 2018

Via: CNSNews.com

For those on the left and right who were certain that President Donald Trump’s presidency meant the end of global free trade … think again. Though Trump’s critics have dismissed the significance of the new Mexico and Canada trade deal, […]


Business banking, Products

How Financial Institutions Can Put Risk Management Back in the Driver’s Seat

October 15, 2018

Via: Strategy Business

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 […]


Activity, Corporate banking

Good Economic News Continues to Roll In

October 8, 2018

Via: CNSNews.com

The good economic news continues to roll in. The Bureau of Labor Statistics on Friday released a positive September jobs report, with a gain of 134,000 jobs and the lowest unemployment rate in 50 years. These reflect a strong economy […]


Regulations

Danske Bank Faces U.S. Inquiry Over Money Laundering

October 5, 2018

Via: Banking Industry NY Times

COPENHAGEN — Danske Bank, which last month acknowledged failing to prevent suspected money laundering at its Estonian branch, has now drawn the attention of United States authorities. In a statement on its website, the Danish lender said it was cooperating […]


Channels

The mainframe evolution: Banking still needs workhorse tech

October 2, 2018

Via: Finextra

In the financial services industry, where IT systems are high-volume and mission-critical, news of Big Iron’s ‘big crisis’ is greatly exaggerated, at least for now. It’s true that in today’s digital first world, cloud-based services are seeing rapid adoption across […]


Activity, Corporate banking

Wells Fargo plans to cut 26,500 jobs

September 25, 2018

Via: Banking Technology

CNN Money reports that CEO Tim Sloan said on Thursday that the bank plans to cut 5% to 10% of its 265,000-person workforce, reflecting both layoffs and attrition. The chief cited “changing customer preferences,” including the wide adoption of digital […]


Regulations

Fed Should Adopt Monetary Policy Rules

September 14, 2018

Via: CNSNews.com

Speaking at last month’s economic policy symposium in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell described vividly the challenges that central bankers face in a world of constant change and uncertainty. These challenges make it impossible for the Fed […]