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UK-based clearing and integrated banking...

ClearBank CEO Charles McManus | Image credit: ClearBank Based in London ClearBankthe UK’s largest next-generation integrated banking and clearing platform, announced on Monday that it has raised £175 million (nearly €208.41 million) in a new round of funding. The funding round was led by funds advised by Apax Digital, the growth equity arm of Apax. […]

Why Special Situation Funds are Needed

Indian financial markets went through two crucial reforms earlier this year. SEBI came out with a dedicated regulatory framework for Special Situation Funds (SSF). And the RBI has approved the new dual structure bad bank, NARCL-IDRCL. These two reforms aim to address India’s bad debt problem. While the bad bank is an improved version of […]

Dinosaur Group Forms Independent Externa...

NEW YORK–(BUSINESS WIRE)–Dinosaur Group Holdings LLC (“Dinosaur”), parent company of Dinosaur Financial Group, LLC, a US-based institutional brokerage firm regulated by FINRA, and Dinosaur Merchant Bank Limited, a US-based international investment bank United Kingdom, announced the creation of its Independent External Financial Crime Compliance Advisory Council (the “FCC ADVISORY BOARD”) comprised of international FCC experts. […]

Banking on women’s businesses to break d

March 8and, the world celebrates International Women’s Day. This year, the world is focused on marching to break down gender bias. However, as we enter the day, there are signs that celebrations should remain subdued as many women have recently suffered traumatic shocks to their economic circumstances, primarily due to COVID-19. Unfortunately, the industries that […]

The Small Business Business Case for Act...

During the pandemic, the perspective of many small and medium-sized business (SME) owners has changed. Many small businesses may have kept their roots in physical operations and then moved online. Robert Clarkson, chief revenue officer at Payoneer, told Karen Webster of PYMNTS that there has been a shift in how small businesses, even sole proprietorships, […]

Sanctions will test Russia’s ‘fortress’

Since 2014, when the United States and its Western allies imposed sanctions on Moscow following the annexation of Crimea and the downing of Malaysian Airlines Flight 17, the Russian president has been trying to build an economy that can withstand much harsher penalties. Fear of what sanctions could do sent Russian stocks tumbling 33% on […]

Green Dot announces share buyback progra...

AUSTIN, Texas–(BUSINESS WIRE)–Green Dot Corporation (NYSE: GDOT) today announced that its Board of Directors has approved a stock repurchase program with authority to purchase up to $100 million of common stock. The authorization is for an indefinite period. “We are pleased to announce that our Board of Directors has authorized a $100 million share buyback […]

Finary wants to reinvent private banking...

french startup Final raised a $9 million (€8 million) Series A funding round. The company has built a comprehensive aggregator so that wealthy individuals can get the complete picture when it comes to wealth tracking. And that means Finary is not limited to bank accounts. You can track many assets, from real estate to cryptocurrencies […]

Russia Passes Law Allowing State to Seiz...

Russia’s State Duma, the lower house of parliament, has passed a law allowing law enforcement authorities to seek the confiscation of funds obtained illegally from government officials, including cryptocurrency. The state can try to seize the assets through a court if they exceed the income of officials. New Law Allows Russia to Prosecute Officials With […]

The CFPB issues a request for informatio...

United States: CFPB issues request for information regarding unwanted charges February 18, 2022 Goodwin Procter LLP To print this article, all you need to do is be registered or log in to Mondaq.com. On January 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued a request for information regarding fees charged by […]

Trudeau says almost half of protesters’

By Stephanie Taylor, The Canadian Press on February 11, 2022. A Bitcoin ATM sticker is displayed on the window of a cafe in downtown Vancouver October 28, 2013. An anti-money laundering expert says attempts to stop funds from going to protesters who are blocking Parliament Hill and several border crossings are like a game of […]

UBA’s Leo, 4 years constantly changing t

Artificial Intelligence (Ai) is the “hot thing” now. Indeed, globally, the hype around artificial intelligence continues to accelerate, with the end goal being to simplify conversations and processes. But if you still have doubts, ask United Bank for Africa (UBA). Thanks to Leo, its flagship chatbot Ai, which recently turned four years old, the pan-African […]

HSBC USA Announces Four New Appointments...

NEW YORK–(BUSINESS WIRE)–February 1, 2022– HSBC Bank USA today announced the recent appointments of Deborah P. Bailey, Melvin L. Flowers, George W. Madison and Alice D. Schroeder to the boards of HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, NA (HBUS). Directors. Flowers and Madison’s appointments took effect on January 11, while Bailey […]

Business Process as a Service (BPaaS) Ma...

Business Process as a Service (BPaaS) Market IMARC Group expects the market to reach US$101.95 billion by 2027 growing at a CAGR of 10.5% during the period 2022-2027. SHERIDAN, WYOMING, USA, Jan. 31, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Business Process as a Service (BPaaS) Market: Global Industry Trends, Share, Size […]

Government allows exporters to make equi...

Bangladeshi exporters will now be able to make equity investments overseas, subject to an adequate balance of their Export Retention Quota (ERQ) – a portion of the export earnings they have saved in the form of foreign currency . Exporters will be able to invest, in the form of equity, the lowest amount between 20% […]

Bank of America cuts overdraft fees

Bank of America announced that it is reducing its overdraft fee from $35 to $10. (iStock) Bank of America announced that starting in May it will reduce its overdraft fee – the fee a customer pays when their bank account has reached a negative balance – from $35 to $10. The bank will also eliminate […]

Singapore pushed to introduce security m...

Banks and financial institutions in Singapore will have to implement new security measures that have been mandated following a series of phishing SMS scams that wiped several victims out of their savings. These measures include the removal of hyperlinks from emails or text messages sent to consumers and a 12-hour time limit for the activation […]

SCB publishes rules for electronic issua...

Riyadh — The Central Bank of Saudi Arabia (SAMA) has announced the publication of rules governing the electronic issuance and verification of the authenticity of bank documents. This is part of its ongoing efforts to improve the quality and efficiency of electronic services provided to banking customers. The aim is to facilitate financial transactions, save […]

Securian Financial announces promotions ...

ST. PAUL, Minnesota – (COMMERCIAL THREAD) – Securian Financial today announced several promotions and leadership transitions to pursue its strategic priorities. The company’s three solutions groups — Individual Solutions, Affinity Solutions and Solutions for Institutional Investors — have become four, with a new Benefits Solutions group emerging from Affinity Solutions. Bruce Shay, a 37-year Securian […]

A new cryptocurrency exchange to compete...

A new cryptocurrency exchange seeks to compete with the traditional banking system by providing features to help crypto investors carry out all of their activities on the platform. The exchange, named IXFI, launched in early December 2021 and is accessible to users around the world. The company has obtained an operating license in Estonia and […]

Banks will need to communicate the clima...

The archipelago said New Zealand would require banks to disclose the impact of their investments on climate change, becoming the archipelago the first country in the world to pass a law requiring the financial sector to be transparent about ‘environment. Read alsoDemand for banknotes hits record highs despite outbreak Commerce Secretary David Clark noted that […]

Open banking opportunity involves data, ...

Open banking can be seen as a buzzword in the banking and payments industries. It promises new products and innovations that everyone can benefit from – banks, FinTechs, consumers and traders. But open banking is more than a product or a service; it is a choice (regulatory or dictated by the market) that allows a […]

Bank funds and PSUs: the best bank mutua...

Are you looking for relatively safer debt funds to invest in the New Year? If so, you should check bank debt funds and PSUs. These plans are mandated to invest at least 80% of their corpus in debt investments of banks, public sector companies and public financial institutions. These plans have offered returns of 3.55% […]

Qatar’s banking sector shows resilience,

Qatar’s banking sector has shown resilience and recorded impressive business growth in 2021, driven by the need to continue supporting the country’s future ambitions.The measures taken by the Central Bank of Qatar (QCB) have allowed the quality of the banking sector’s assets to be monitored this year.Total assets of Qatari banks grew 0.2% month-on-month (MoM), […]

10 developments that defined the bank in...

The banking year was marked by business disruptions accelerated by the ongoing pandemic, clashes over regulation under a new president and the rise of new technologies. Merger activity picked up in 2021, but a number of deals announced earlier this year are still awaiting regulatory approval, and all indications are that Biden-appointed regulators will apply […]

be used to a bank account after your len...

be used to a bank account after your lender clears the investment. Many are positive about taking out payday loans yt No Credit Rating Payday Loan It is clear that you yourself have problems with online payday advances. This resource opportunity has made the headlines and on the surrounding web there are certainly a few […]

The banking sector plays an important ro...

Information (The Jakarta Post) Jakarta ● Thu, December 16, 2021 2021-12-16 08:00 0 80b04866dbf68f0d9c7f00902f060c6f 4 Informative To free After two weeks of deliberations around the world on how best to tackle the climate, COP 26 concluded in November 2021 with results ranging from pledges for billions of climate change investments to elimination gradual negation of […]

Sebi: Sebi is developing a framework for...

Mumbai: Regulatory pressure to create a special category of venture capital funds focusing on purchasing distressed loans from banks and financial institutions is accelerating. At a meeting on December 6, senior officials from the Securities & Exchange Board of India (Sebi) discussed with people in the fund industry the proposal for such “special situation funds” […]

Development plan of the board of directo...

By JAMES MacPHERSON, Associated Press BISMARCK, ND (AP) – A longtime lawmaker and retired grocer was chosen on Wednesday to lead an advisory board developing guidelines for investments in the state from the approved oil tax savings account by voters in North Dakota. Republican Senator from Fessenden, Jerry Klein, was elected chairman of the new […]

Strengthening digital banking rules, urg...

As digital banks gain traction around the world, especially in developing countries, the Alliance for Financial Inclusion (AFI) has called on regulators to develop licensing regimes that would address concerns inherent in digital banking. business while exploiting the opportunities of this nascent segment. AFI, based in Malaysia, has member institutions, including Bangko Sentral ng Pilipinas […]

Focus on inclusive hiring to discover ne...

According to Tan, Deutsche Bank has distinguished itself with its Disability Inclusion Committee, named dbEnable, which organizes events, mentoring programs and engagement sessions with external organizations for people with disabilities. Among dbEnable’s initiatives is its Work Placement Program, which works with SG Enable to provide postgraduate students with disabilities an opportunity to learn more about […]

Neo-bank on innovation – The Bull & Bear

The COVID-19 pandemic has catalyzed technology adoption and accelerated innovation even in the most static industries. Long-standing financial institutions in the Western world have not been immune to the changing tides. With home orders limiting mobility in society, people needed online bank accounts to meet their personal banking needs and turned to a growing cohort […]

Temporary closure of 9 Wells Fargo Color...

Finance giant Wells fargo, Colorado Springs and statewide, the largest bank, recently temporarily closed nine Front Range branches to address a worsening labor shortage affecting many employers. Anthony Timmons, a spokesperson for Wells Fargo in Las Vegas, said by email that the company had closed branches “due to staff constraints and the branches would resume […]

How mutual funds missed the Power Grid r...

Call it an error in judgment, but domestic mutual funds (MFs) have missed the boat by investing in India’s leading PSU power companies. Over the past 24 months, MFs have stuck with their higher portfolio allocation to NTPC as the rally in another PSU Power Grid Corporation has taken the markets by surprise. Power Grid […]

Exclusion of companies from the banking ...

MUMBAI: The Reserve Bank of India’s decision to keep businesses away from banking licenses will help the government avoid allegations that it is selling banks to large corporations. However, the number of potential buyers for public sector banks (PSBs) will decrease. In the absence of any deep-pocketed corporate house, bidders for PSU banks would have […]

UN warns of ‘colossal’ collapse of Afgha

The United Nations on Monday called for urgent action to support Afghan banks, warning that a spike in people unable to repay loans, falling deposits and a shortage of liquidity could cause the financial system to collapse within months. In a three-page report on the Afghan banking and financial system as seen by Reuters, the […]

Certain BlackRock Closed End Funds Annou...

NEW YORK – (BUSINESS WIRE) – November 19, 2021– BlackRock Advisors, LLC announced today that the boards of directors / trustees of six BlackRock Limited Time Closed-End Funds (the “Funds”) have authorized open market share buyback programs (the “Redemption Programs”). »Under which each Fund may redeem, until November 30, 2022, up to 5% of its […]

OCC orders Chicago bank embroiled in Man...

Dive brief: Federal Savings Bank, a Chicago-based lender with $ 815 million in assets, must strengthen its risk management controls and improve its anti-money laundering and consumer compliance standards, in accordance with a agreement with the Office of the Comptroller of Currency (OCC), released Thursday. . Former bank CEO Stephen Calk was convicted of bribery […]

Why public banking is a step towards rev...

PHOTO COURTESY OF TWITTER / @ SANTIAGOAD53 The potential of public banks – or the management of taxpayer funds through state-controlled financial institutions rather than private banks – became real to me in my city council member’s office in the spring of 2019. A group of us had spread out through City Hall to talk […]

DeFi is a scary prospect for the banking...

By Brad Yasar, Founder and CEO of EQIFI At dawn, internet skeptics were openly critical, pointing out their distaste for technology. The famous astronomer Clifford Stoll claimed that the idea that “commerce and business will move from offices and malls to networks and modems” was “nonsense”, and that the potential of the Internet was nothing […]

S&P Global Market Intelligence 2022 Bank

Released by S&P Global Market Intelligence’s Financial Institutions Research Team, the report says excess liquidity created by government relief efforts and forbearance provided by U.S. banks will remain on their balance sheets for the foreseeable future, leaving bank margins below pre-pandemic levels for the next few years. In a tough earnings environment and a changing […]

Infrastructure funds increase in Spain w...

11/08/2021 at 08:39 CET Araceli Munoz “Spain is probably one of the most dynamic economies in the European Union. If you look at the world of infrastructure, this is one of the big hotbeds of international funds. We like the fact that Spain is very receptive to foreign investment and has excellent management teams, ” […]

Public banking has the potential to trul...

The potential of public banks – or the management of taxpayer funds through state-controlled financial institutions rather than private banks – became real to me in my city councilor’s office in the spring of 2019. One a group of us had spread out through City Hall to talk with each board member about the benefits […]

Bengaluru-based space tech start-up SatS...

SatSure, a Bengaluru-based space technology startup that builds business intelligence using data from satellites for the banking and insurance industries, has raised an undisclosed amount of equity led by Baring Private Equity India. SatSure will use the capital to hire more people to grow its product portfolio and increase its international business footprint, while also […]

Government delays increase in domestic l...

Last year, the government started raising internal borrowing in early October. But this year, as the month draws to a close, the government has yet to decide when domestic debt will be increased. The government of Sher Bahadur Deuba has reduced internal loans to be raised in the current fiscal year to 239 billion rupees […]

Banks Must “Relentlessly” Focus on Corpo

Looking back, as they say, it’s 20/20. And hindsight In regards to 2020 – well, that’s a whole different thing. After the initial wild ride of the great digital hub, the compressed timeframe where years of innovation have been accelerated and embraced within months, it’s finally time to take stock and think about what could […]

Accurate audit reports essential for sta...

Reserve Bank Governor Shaktikanta Das said on Monday that accurate and analytical audit reports are essential for financial stability and growth because they instill confidence in the public. In the case of the public sector, auditing is a cornerstone of good governance, he said, speaking to officials at the National Academy of Audit and Accounts […]

Gulf states’ appetite for investment in

Already able to make the most of moving supply chains and low-cost manufacturing away from hubs in Asia, Turkey – and its historic Istanbul financial center project – would now be firmly on the market. Gulf investor radar. The signals come amid a rapprochement and efforts to re-establish ties between Turkey and some Gulf states, […]

Outlook: Should the US Postal Service Gr...

YES: affordable financial services would be accessible in each community at local post offices By Nicole Ndumele The U.S. Postal Service recently launched a Postal Banking Pilot Program that allows customers to cash paychecks and business checks up to $ 500 in four cities: Washington, Baltimore, the Bronx and Falls Church, Va. . This modest […]

Retail banking needs a paradigm shift

The frenetic pace of innovation disrupting the financial sector has introduced a level of uncertainty that the sector has never faced before. New entrants and a rapidly changing business model have provided customers with a plethora of options. For many, traditional banking faces a bleak and uncertain future. However, banks can thrive in the status […]

Neo-banking platform Open raises $ 100 m...

Open, a Bengaluru-based SME-focused neo-banking platform, has secured $ 100 million in a Series C funding round led by Temasek, with participation from Google and SBI Investment. The cycle also saw the participation of existing investors Tiger Global Management and 3one4 Capital. The round was advised by Avendus Capital valuing the startup at around $ […]

Patrice Schuetz appointed CFO of Antin I...

PARIS & LONDON & NEW YORK – (COMMERCIAL THREAD) – Regulatory news: Antin Infrastructure Partners (Paris: ANTIN), one of the world’s leading infrastructure investment firms, announces the appointment of Patrice Schuetz as Group Chief Financial Officer and Partner, with immediate effect. Patrice Schuetz joins Antin after 13 years in the Investment Banking division of Morgan […]

Central bank suggests Padma seeking fore...

The Bangladesh Bank has suggested that Padma Bank – formerly Farmers Bank – vigorously seek foreign investment to finance its activities. In a letter to the Financial Institutions Division on October 5, the central bank said it would be best if Padma Bank could fill its capital gap by bringing in investment from abroad. Earlier […]

Encore Bank adds Birmingham, Alabama mar...

Encore Bank announced on Wednesday (October 6) its expansion to Birmingham, Alabama. The Little Rock-based boutique bank announced it has added two senior bankers to its team to lead the expansion. “Encore is committed to serving our customers and communities in extraordinary ways,” said Phillip Jett, vice president and chief banking officer of Encore Bank. […]

Bitcoin Investments Spin Again From Ethe...

Source: Adobe / memorystockphoto Last week ended with “growing investor confidence” in the digital asset market, with bitcoin (BTC) in particular once again becoming a more preferred investment at the expense of Ethereum (ETH), according to data from the company. crypto-asset management. CoinShares. According to the firm’s weekly report on digital asset fund flows, which […]

Citi Launches New Holistic Digital Polic...

LONDON–(COMMERCIAL THREAD) – Citi today launched its latest Global Perspectives & Solutions (Citi GPS) report titled HOLISTIC DIGITAL POLICY – Nation states must lead the way in building equitable, human-centered digital economies. The report outlines a number of focus areas designed for countries and governments to assist them in the process of transitioning to a […]

Blockchain will crush the “hopscotch” of

In the digital age, the disintermediation of ‘hopscotch’ between banks as payments make their way across the world can have positive spillover effects. Justin Rice, ecosystem manager at the Stellar Development Foundation, said open source networks and blockchain could transform cross-border payments by improving financial inclusion and modernizing B2B transactions. At a high level, he […]

Régions unveils an alternative to overdr

Dive brief: The Birmingham, Alabama-based Regions Bank on Thursday became the latest bank to unveil a checking account with no overdraft fees or insufficient funds, according to a press release. The account, called Regions Now Checking, charges a flat monthly fee of $ 5 and can be linked to other Regions accounts to provide overdraft […]

Western Union partners with major financ...

NAIROBI – (COMMERCIAL THREAD) –Western Union, a global leader in cross-border and inter-currency money movement and payments, works with major financial institutions in Africa to enable millions of consumers to send and receive cross-border payments, quickly and reliably, 24/7. Customers of KCB Bank Kenya, the Diamond Trust Bank (DTB) and the Postal Savings Bank of […]

NCUA plan would exempt public funds from...

Billions of funds earmarked for credit unions under the Treasury’s emergency capital investment program could be exempt from the National Credit Union Administration’s pending subordinated debt rule. Credit unions would prefer the option of using the ECIP money to meet their risk-based capital requirements, but this would not be possible under the current rule, which […]

PGIM Investments is recruiting a trio of...

Lendormy joined Robeco where he served as Executive Director of the Wholesale Distribution Division and Global Financial Institutions, leading the coordination of GFI. During his 13-year tenure, Lendormy held a number of positions, including EMEA Key Account Manager for GFI, UK Wholesale Distribution Manager and Fixed Income Portfolio Manager. Prior to joining Robeco, Lendormy held […]

Top 5 Benefits of AI in Banking & Financ

Artificial intelligence (AI) has come a long way since 2016, when AlphaGO, a computer program, first beat an 18-time world champion at the game of GO. Artificial intelligence dramatically increases value across a wide range of industries. The banking and financial sector is no exception. The full adoption of AI in banking and finance is […]

NRI Investments: 2 Expert Modes NRIs Can...

Indian investment markets have totally fascinated Indians of global origin (PIO, OCI, NRI or Expats), whether for debt or equity. Collectively, a wide variety of product offerings, investment security and aggressive returns have turned heads in recent years. However, for years, individual investors perceived that investing in India was too difficult and complicated, possibly under […]