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Tag: finance


Channels, News

Daxsen Group to launch new digital bank in Ecuador

July 1, 2022

Via: FinTech Futures

With Daxsen Bank, the firm intends to reduce operational and transactional costs to “revolutionise” the country’s banking sector. “This is intended to be a digital bank that will open accounts at no cost and improve banking operations through the management […]


Capital and Risk, Insurance

Washington Man Wanted for Auto Insurance Fraud

June 30, 2022

Via: Insurance Journal

Vincent Labarbera, of Vancouver, Wash., has been added to Insurance Commissioner Mike Kreidler’s most wanted after he failed to appear in Clark County Superior Court to face felony charges of filing a false insurance claim and attempted first degree theft. […]


Activity, Investment Banking

Trading Platforms: Capitalizing on the Investing Boom

June 29, 2022

Via: PR Newswire

Retail investors are a force to be reckoned with. They have flocked to investing since the start of the pandemic and, just like the professionals, they need somewhere to get their investing fix. This article discusses this issue with reference […]


Capital and Risk, Credit

Redlining Isn’t Just a Mortgage Loan Problem

June 29, 2022

Via: Bank Director

Redlining, or the practice of denying credit to residents of certain areas due to the high number of ethnic or racial minorities living there, is not a new problem. It’s also not limited to mortgage loans. For decades, many lenders […]


Activity, Investment Banking, Regulations

Atlantic Money secures EU-wide payment institution approval

June 29, 2022

Via: FinTech Futures

The fintech intends to launch gradually across the EU, starting with Belgium this summer, followed by Germany and Austria. Atlantic Money has already started onboarding UK customers who signed up for early access when the business came out of stealth […]


News, Regulations

UK neobank Kroo gains full banking licence

June 28, 2022

Via: FinTech Futures

With the new licence now in hand, Kroo can offer depositors protection through the Financial Services Compensation Scheme (FSCS) for up to £85,000. Founded in 2016, Kroo offers its 23,000 customers a current account with overdraft facilities along with socially […]


News

J.P. Morgan Asset Management Bolsters Retirement Income Capabilities with Hire of Daniel Yem as Senior Investment Specialist

June 27, 2022

Via: PR Newswire

J.P. Morgan Asset Management today announced the hire of Daniel Yem as a Senior Investment Specialist to support the firm’s Retirement Solutions team. Mr. Yem will be based in New York and reports to Daniel Oldroyd, Head of Target Date […]


Regulations

Cannabis banking nixed from competition bill

June 24, 2022

Via: Banking Dive

Despite passing in the House six times, most recently as part of the House version of the manufacturing bill, SAFE Banking has yet to see similar traction in the Senate. The legislation has garnered wide support from cannabis industry advocates […]


Capital and Risk, Liquidity

US Dollar Softens After Weak US Business Activity Data Raises Recession Odds

June 23, 2022

Via: DailyFX

U.S. economic activity continued to decelerate at the tail end of the second quarter, weighed down by sky-high price pressures and weakening demand conditions. According to S&P Global, its Flash Composite Purchasing Managers’ Index, which combines manufacturing and services production […]


Capital and Risk, Operational

KPMG and Microsoft partner to deliver cloud-based tax technologies

June 23, 2022

Via: FinTech Futures

The collaboration aims to aid companies and their operations through AI, machine learning, automation and data and analytics applications on the KPMG proprietary Digital Gateway platform, enabled by the Microsoft Azure cloud. The companies say that the investment in new […]