Tag: finance

November 17, 2023

I’ve previously covered the evolution of banking technology and why almost every bank has multiple cores. So, analogies of “changing a plane’s engine whilst in flight” or “heart surgery with the patient watching” don’t really get across the full complexity […]

November 17, 2023

Bank of America attributes the rise in small business credit card balances in part to increased spending in 2021 and the first half of 2022. The report focused on small businesses noted that credit card spending has remained at about […]

October 10, 2023

We recently asked bankers in our “State of Commercial Banking Midyear Update” presentation what was top of mind for the remainder of 2023. The answer was clear: 80% of the respondents selected deposit growth and retention. As interest rates have […]

October 10, 2023

This year there are 38 categories to choose from, including the Project Awards for banks and financial institutions, the Excellence in Tech Awards for software and services providers and the Leadership Awards for individuals and teams. The awards are a […]

October 9, 2023

ChatGPT’s tsunami-like landfall in November 2022 made clear that generative artificial intelligence (AI) marked a profound advancement with broad applicability. Yet just as AI’s newest incarnation represents a major opportunity for businesses of all stripes, it’s also a potentially significant […]

October 9, 2023

However, I feel it’s worth exploring whether the concept of digital transformation is redundant in the fast-paced and ever-evolving landscapes that we currently operate in. Below are some of the reasons why some could argue that digital transformation is an […]

September 29, 2023

U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank, and its community development entity (CDE) – USBCDE, LLC – received $55 million of New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury. The allocation is part of […]

September 21, 2023

U.S. Bank today unveiled an online marketplace of third-party payment and treasury solutions that are fully integrated with U.S. Bank systems. The U.S. Bank Connected Partnership Network helps corporate treasury teams easily identify and adopt technology connected with the bank, […]

September 20, 2023

Community banks have long played a pivotal role in supporting small businesses, providing the necessary capital for local entrepreneurs growing or expanding their ventures. It is estimated that community banks account for approximately 60% of small business loans, according to […]

September 18, 2023

The Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday and Friday respectively – with both central banks expected to leave interest rates untouched. Both decisions however have […]

September 15, 2023

GBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on the recently released data which may blur […]

September 15, 2023

A US Treasury Department unit that investigates financial crimes has directed banks to send alerts when they come across suspicious activity that indicates a business is using check cashing companies to avoid payroll taxes and reduce workers’ compensation premiums. Such […]

September 14, 2023

Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary policy by the Federal Reserve. Energy was the primary contributor to […]

September 12, 2023

Today, companies from different countries need to send money to each other. This helps them trade and do business smoothly across the world. It’s an essential way to keep financial transactions running smoothly between countries.When companies do business with other […]

September 7, 2023

An impersonation scam is when a scammer makes contact with an account holder, typically by calling them, and pretends to be from a trusted organisation to manipulate them into transferring them money. As the rise of digital banking services continues, […]

September 7, 2023

Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate threats and geopolitical tensions are making […]

September 5, 2023

Utilising Network International’s acceptance solutions and “decades of expertise” in card processing and value-added services, JP Morgan Payments aims to “expand and complement” its existing payment offerings in the region. Founded in 1994 and headquartered in Dubai, Network International offers […]

September 5, 2023

The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, but regulators have signaled a need to make sure that claims from the area, now topping 10,000, are taken care […]

September 1, 2023

Financial institutions are increasingly ramping up partnerships with third-party organizations that offer technologies that promulgate efficiencies or add new banking products to drive revenues. As these partnerships increase, the risk to the banking system is also increasing. In June, the […]

August 31, 2023

Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for […]