September 15, 2023
Via: Insurance JournalA 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
Via: DailyFXGold 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
Via: TechBullionToday, 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
Via: FinTech FuturesAn 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
Via: Insurance JournalGrowing 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
Via: FinTech FuturesUtilising 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
Via: Insurance JournalThe 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
Via: Bank DirectorFinancial 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
Via: Insurance JournalSome 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 […]
August 30, 2023
Via: FinTech FuturesMoonPay Ventures aims to focus on early-stage companies looking to build Web3 experiences and drive “industry-wide value” through increased adoption of the technology. It has already made a number of investments in the space, including in companies such as BCB […]
August 29, 2023
Via: FinTech FuturesFounded in 1983 and headquartered in Overland Park, Kansas, Creative is a wealth management firm specialising in financial planning, investment management and retirement funds and has around $245 billion in combined assets under management and advisement. The firm has adopted […]
August 29, 2023
Via: Insurance JournalThe New Hampshire Insurance Department (NHID) recently approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 14% on average. The new rates will apply to policies effective starting on January 1, 2024. According to the insurance […]
August 29, 2023
Via: Banking Dive“Providing equal access to credit is essential in every community, but the painful history of Tulsa makes this agreement particularly poignant because the redlined areas include historically Black neighborhoods that have endured the legacy of racial violence and the continuing […]
August 28, 2023
Via: TechBullionIn today’s fast-paced financial markets, bond trading has become increasingly complex. The need for fast, accurate, and reliable data analysis and decision-making has given rise to a new technology that combines quantum computing with artificial intelligence (AI) – Quantum AI […]
August 25, 2023
Via: PR NewswireGLN International, a subsidiary of Hana Bank, (GLN) has recently announced the launch of cross-border remittance service; offering instant, secure, and inexpensive money transfers from abroad to all domestic bank accounts in Korea. The service is aimed to benefit Korean […]
August 24, 2023
Via: FinTech FuturesMateu Batle, the fintech’s CEO and co-founder, confirmed that the investment is to be applied to support its growth and expansion, which includes attracting more SMBs to the platform. This ambition will be further reinforced by the planned integration of […]
Capital and Risk, Credit, Regulations
August 24, 2023
Via: Banking DiveFour large banks will pay $499 million to settle a class-action lawsuit levied against them in 2017 by U.S. pension funds over the banks’ alleged attempts to thwart competition in the stock-lending market. JPMorgan Chase, Goldman Sachs, Morgan Stanley and […]
August 24, 2023
Via: Banking DiveMorgan Stanley is paying another $6.9 million over its failure to retain communications made over WhatsApp by employees, but the agency levying the penalty may not be who you’d expect. Ofgem, the U.K.’s energy regulator, fined a subsidiary of the […]
August 23, 2023
Via: FinTech FuturesBy bringing together such a group under one platform, Mastercard aims to bring a “greater understanding” of the advantages and disadvantages of CBDCs, and how they can be implemented in a way that is “safe. seamless and useful”. Inaugural members […]
August 22, 2023
Via: Banking DiveWells Fargo beat shareholders’ lawsuit accusing it of conducting fake interviews of nonwhite and female candidates, Reuters reported Monday. In a ruling Friday, Judge Trina Thompson, of the U.S. District Court for the Northern District of California, said shareholders could […]