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Tag: economy


Capital and Risk, Liquidity

Gold Prices Gained as US Dollar and Treasury Yields Fell. Will XAU/USD Keep Rising?

December 17, 2021

Via: DailyFX

Gold prices closed above a 3-week high on Thursday. The anti-fiat yellow metal continued to gain ground in the aftermath of this week’s Federal Reserve monetary policy announcement. There, the central bank doubled the pace of tapering asset purchases, opening […]


News

Customers Bank plays up ‘fintech-forward’ focus in rebrand

December 16, 2021

Via: Banking Dive

Pennsylvania-based Customers Bank unveiled new branding Thursday, a design the $19 billion-asset lender said is a reflection of its evolution as a technology-focused financial institution. The rebrand, which includes visual changes to the company’s logo, website, mobile app and offices, […]


Activity, Corporate Banking

The development of real-time payments in the US

December 15, 2021

Via: FinTech Futures

When it comes to payments, a sea-change is underway in the US, where a series of updates to existing payment rails, as well as the introduction of new, real-time solutions and overlay services, looks set to revolutionise payments as we […]


Capital and Risk, Operational

Western Union taps Salt Edge for European digital bank pilot

September 27, 2021

Via: FinTech Futures

The partnership will see Western Union integrate Salt Edge’s PSD2 Compliance Solution as it looks to enter the digital banking space in Europe. The pilot service falls under the remit of the EU’s open banking PSD2 Directive, which aims to […]


Capital and Risk, Insurance

U.S. Insurance Regulator Hosting Another Climate Summit

September 23, 2021

Via: Insurance Journal

A report from the Mortgage Bankers Association says there’s little doubt that climate change will impact housing and the housing finance industry, and while just how great that impact will be is as of yet unknown, the authors take a […]


Capital and Risk, Insurance

N.H. Insurance Department Issues Bulletin on Appointment of Insurance Producers

August 13, 2021

Via: Insurance Journal

The New Hampshire Insurance Department (NHID) Commissioner Chris Nicolopoulos issued a bulletin reminding insurers that they must comply with the New Hampshire statutory requirement that all insurance producers acting as the agent of an insurer be appointed by the insurer. […]


News

Western Union agrees sale of Business Solutions division for $910m

August 12, 2021

Via: FinTech Futures

Business Solutions represents around 7% of Western Union’s business. It was formed following the acquisitions of Custom House in 2009 and Travelex Global Business Payments in 2011. Its main focus is on cross-border, cross-currency payments and foreign exchange solutions for […]


Capital and Risk, Credit

Alaska, Colorado residents carry most card debt, study says

July 28, 2021

Via: Payments Dive

WalletHub analyzed TransUnion credit card data for all 50 states and the District Of Columbia as of September 2020 to conduct its analysis. It attributes variations in people’s debt levels to factors like how much consumers have been affected by […]


Capital and Risk, Liquidity

Gold Price Drops as US Dollar Jumps; Fed Eyes Start of Tapering

July 28, 2021

Via: DailyFX

The Federal Reserve just released its latest update on monetary policy. FOMC officials left benchmark interest rates and the pace of asset purchases unchanged as widely expected, but changes to language in the press statement is fueling some volatility. Specifically, […]


Capital and Risk, Insurance

Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re

July 26, 2021

Via: Insurance Journal

The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation risk, insurer Swiss Re AG’s chief Americas economist […]