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Tag: economy


News

Senate Banking Republicans double down on boycott of Fed nominees

February 17, 2022

Via: American Banker

Republican members of the Senate Banking Committee defended their boycott of a vote on five Federal Reserve Board nominations, saying that nominee Sarah Bloom Raskin’s testimony about her work on behalf of the fintech company Reserve Trust was deceptive and […]


News

Climate First Bank on sustainability, fintech greenwashing, and fighting the climate crisis

February 16, 2022

Via: FinTech Futures

Climate First Bank is an interesting entrant on the US market. Based in Florida and opening for business on 1 June 2021, it claims to be the country’s first climate-focused community bank. It started with personal and business loans, deposit […]


Capital and Risk, Insurance

Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report

February 15, 2022

Via: Insurance Journal

There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a particularly strong second […]


Channels

What’s New in Payments?

February 14, 2022

Via: Bank Director

Following a number of rollouts and innovations, 2022 could finally be the year where the speed of digital payments equals their convenience. A number of developments, combined with the coronavirus pandemic and changing consumer habits, could hasten changes to the […]


News

How can open banking get ahead in 2022?

February 14, 2022

Via: FinTech Futures

While there is overt awareness around open banking and its benefits within the financial services industry, the challenges created by a lack of education are evident. The services offered by banks today are focused on those with multiple bank accounts, […]


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 […]