Top

Tag: finance


Capital and Risk, Trading

An era of digital trade

May 4, 2021

Via: FinTech Futures

Digital innovation is changing the way that global trade is transacted, by delivering new capabilities that facilitate optimised, efficient processes and more frictionless trade. Technology has already enabled micro, small and medium-sized enterprises (MSMEs) across the globe to identify counterparties […]


Capital and Risk, Insurance

Louisiana Bill Would Ban Insurance Rates Based on Gender, Race, Age, More

May 3, 2021

Via: Insurance Journal

A bill currently before the Louisiana Senate Insurance Committee and backed by Gov. John Bel Edwards would ban certain discriminatory practices in insurance rate determinations. Senate Bill 55, introduced by Sen. Jay Luneau, would prohibit based on risks classified by […]


Regulations

Democrats’ Stimulus Bill Will Accustom Many Americans to Monthly Government Checks

March 8, 2021

Via: CNSNews.com

The Senate on Saturday passed the Democrats’ $1.9 trillion stimulus bill without a single Republican vote. This week, the House plans to take up the Senate bill, to avoid further negotiations. White House Communications Director Kate Bedingfield, speaking to CNN’s […]


Activity, Investment Banking, Trading

Stocks making the biggest moves midday: Tesla, Plug Power, U.S. Steel, Chipotle & more

January 8, 2021

Via: CNBC

Tesla — The electric vehicle company surged more than 7% to a new record high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the company more valuable than Facebook, and the fifth-most valuable component […]


Activity, Investment Banking, Trading

Bank Stock Roundup: USB, JPM, WFC & TFC in Focus on Restructuring Initiatives

January 8, 2021

Via: Yahoo

Over the past four trading sessions, performance of major bank stocks depicted a bullish picture. This optimism primarily seems to be driven by the hopes of more economic stimulus as the U.S. Congress confirmed Joe Biden’s victory in the Presidential […]


Capital and Risk, Operational

Global card spend grows 13% in 2019, mostly down to China’s UnionPay

October 9, 2020

Via: Banking Technology

The report cited three main drivers for the strong growth: financial inclusion initiatives in developing countries, rise of contactless in more mature markets, and the hygiene concerns around cash during COVID-19. UnionPay – the world’s largest card payment organisation based […]


Activity, Corporate Banking

Bank of America teams up with Black-owned Unity bank

October 9, 2020

Via: FinTech Futures

According to Black Business, BoA has acquired approximately 5% of the bank’s common equity. Its investment is aimed at offering benefits to the communities that Unity serves through services such as lending, housing, neighbourhood revitalisation, and more. “Unity remains committed […]


Capital and Risk, Credit

Ripple introduces Line of Credit

October 8, 2020

Via: Finextra

Today, Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale using the digital asset XRP. Limited access to working capital […]


Capital and Risk, Credit

Bank of America wades into payday loans business

October 8, 2020

Via: Finextra

Bank of America today introduced Balance Assist, a revolutionary new solution that provides a low-cost way for clients to manage their short-term liquidity needs, borrowing only the amount they need, up to $500. Balance Assist is the latest offering in […]


Uncategorized

BofA launches omni-channel approach to cross-currency transactions

October 7, 2020

Via: Finextra

Bank of America is responding to the dual imperatives of cross-currency transactions – technology innovation and client demand for improved efficiency – with an omni-channel offering that now includes API (application programming interface) and mobile connectivity. “We are pleased to […]