Tag: Featured

December 7, 2023

In a groundbreaking move within the finance sector, Goldman Lampe Private Bank has unveiled innovative AI-driven tools designed to significantly boost its fraud detection systems and augment the analytical capabilities of its asset managers. Advancing Fraud Detection with AI Confronting […]

December 7, 2023

U.S. Bancorp (USB) ended the recent trading session at $39.08, demonstrating a -0.81% swing from the preceding day’s closing price. This change lagged the S&P 500’s daily loss of 0.39%. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost […]

December 6, 2023

Fresh attacks on vessels in the Red Sea are raising insurance premiums for ships in the region and menacing commerce in a conduit for 12% of world trade. War-risk premiums for some vessels have been climbing since shortly after the […]

December 6, 2023

As the first generation to be pure digital natives, Gen Z have huge parts of their life influenced and shaped by the data that they themselves create – on social media, through their app use on their smartphones and through […]

December 4, 2023

First developed back in 2019, the aim of the retail payments strategy is to “develop pan-European solutions for payments at the point of interaction (POI), governed at the European level, and to further strengthen the Single Euro Payments Area (SEPA), […]

November 29, 2023

The US tech titan has proposed ending its credit card and savings account partnership with the bank within the next 12 to 15 months, according to sources at the Wall Street Journal and CNBC. The pair first came together back […]

November 29, 2023

Bank of America agreed to pay $12 million to settle allegations that hundreds of its loan officers failed to collect required demographic data from mortgage applicants — specifically, race, ethnicity and sex — but reported to the Consumer Financial Protection […]

November 28, 2023

Launching this month, the bank has allocated $150 million (AUD 227 million) to lend between $6.6 million and $19.8 million to late stage venture capital-backed companies operating in the technology and new economy sectors. Venture debt forms an attractive alternative […]

November 27, 2023

The review reveals how “downside surprises” inspired by the current macro-financial environment are weighing heavily on residential and commercial real estate markets in the euro area. This is primarily in the form of rising debt service costs. For residential real […]

November 27, 2023

On November 21, 2023, the U.S. Justice Department unsealed charges against cryptocurrency exchange Binance and Binance CEO Changpeng Zhao for violating anti-money laundering provisions of the Bank Secrecy Act (“BSA”) and for causing violations of U.S. sanctions issued pursuant to […]

November 21, 2023

In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla, finding the initial $93 monthly premium “really reasonable.” Sixteen days later, as he drove along the Capital Beltway to his […]

November 21, 2023

Explore the evolution of payment solutions with David Sharp, EverCommerce General Manager. Discover how embedded payment options enhance customer loyalty and satisfaction. In today’s digital age, how businesses handle payments has evolved dramatically. Gone are the days when customers had […]

November 21, 2023

In the dynamic landscape of financial technology, mobile banking has emerged as a transformative force, revolutionizing the way individuals manage their finances. The evolution of mobile banking is a testament to the relentless pursuit of convenience and efficiency in the […]

November 21, 2023

The landscape of the insurance industry has undergone a transformative evolution with the advent of Insurtech, a dynamic blend of insurance and technology. This amalgamation has not only disrupted traditional business models but has also paved the way for innovative […]

November 20, 2023

The regulator says the company has been charged for withdrawing funds from customers’ bank accounts without their permission, making deceptive statements about loans, and cancelling loan extensions. In 2019, Enova paid a $3.2 million penalty to the CFPB with orders […]

November 15, 2023

Despite prominent ECB officials emphatically stating the conversation around rate cuts is premature, the futures market anticipates nearly 100 basis points of cuts in 2024 which paces alongside US expectations. Therefore, the euro no longer holds a notable advantage as […]

November 15, 2023

Ukraine and Britain have agreed on a special mechanism for discounts on war risk insurance on exports through the Black Sea corridor, which has helped transport almost 4 million metric tons of goods since August, Ukrainian officials said on Tuesday. […]

November 14, 2023

There are certain nonbank markets that the Consumer Financial Protection Bureau (“CFPB”) has the statutory right to supervise irrespective of size (e.g., mortgage, private education loan, payday lending). Then, there are other consumer finance markets to which Congress gave the […]

November 13, 2023

The Gramm-Leach-Bliley Act, enacted in 1999, requires financial institutions, broadly defined, to establish administrative, technical, and physical safeguards to protect customer information, but does not impose obligations to notify regulators of data breaches. It also tasked certain administrative agencies with […]

November 13, 2023

Bank leaders’ enthusiasm for M&A appears muted going into 2024, but an appetite for sticky, low cost deposits could motivate some financial institutions to make a deal in the year ahead. Bank Director’s 2024 Bank M&A Survey, sponsored by Crowe […]