April 26, 2022

https://ift.tt/BbVM6AJ Toronto Dominion Bank is to hire 200 staff for a new technology hub in South Florida, part of the bank’s commitment to growing its IT team with the creation of 2000 new roles in 2022. A multi-year relationship with the Alan B. Levan | NSU Broward Center of Innovation has been forged to help […]

https://ift.tt/t5o2EBP Fidelity Investments has entered the metaverse, launching a gamified financial education experience in Decentraland. The Fidelity Stack features a multi-level design complete with a lobby, dance floor, and rooftop sky garden. In the Invest Quest at The Fidelity Stack, users are challenged to traverse the building learning the basics of ETF investing while gathering

https://ift.tt/JPV9Uif Sweden’s SEB has signed Humla, a fintech startup from retail congolomerate Axel Johnson, as the first customer for its banking-as-a-service platform. As a startup within the Axel Johnson group, Humla intends to embed financial service products within its retail brands, catering to 1.5 million customer interactions each day. “The retail companies within Axel Johnson

https://ift.tt/RHeyFj1 CR Note: This is from housing economist Tom Lawler.   He argues that demographics are not as favorable for housing as many have argued (including myself).   He also says that we shouldn’t use the 2017 Vintage projections (too out of data, and too wrong).  Deaths: The CDC recently released provisional US death data for 2021

https://ift.tt/nZI9dB8 Topline Shares of Google-parent company Alphabet plunged more than 5%—adding to severe losses so far this month—after the company reported lackluster first-quarter earnings on Tuesday which showed a slowdown in revenue growth while also announcing a $70 billion stock buyback. The earnings miss dragged Alphabet shares lower, with the stock down nearly 20% this

https://ift.tt/LdXzc4l Topline The stock market tanked on Tuesday, adding to already significant losses so far this month amid ongoing concerns about an economic slowdown, while investors dumped shares of Big Tech stocks ahead of several big earnings reports. Stocks were for sale once again despite a brief respite a day earlier. Johannes Eisele/AFP via Getty

https://ift.tt/tLJykmI With the advent of DevOps, testing plays more of a starring role in developing financial services software, but many still view it as an annoying bottleneck. Within that, the biggest bottleneck of all is locating quality test data (the information against which to carry out a test). Searching or waiting for someone to generate

https://ift.tt/kUepQRm Topline The Senate on Tuesday confirmed President Joe Biden’s appointment of Federal Reserve Gov. Lael Brainard as the central bank’s vice chair, elevating one of the Fed’s most outspoken climate change critics to a post overseeing bank regulation and monetary policy amid the highest inflation rate in 40 years. Lael Brainard, the sole Democrat

https://ift.tt/ladBEm9 A businesswoman looks over her shoulder as she runs away from a descending stock chart and an … [+] ominous shadow of a bear that is cast on the wall above her. getty Cycle projections had pointed to a weak Q2 as can be seen in the charts below. Much useful guidance can be

https://ift.tt/4CvmBgx Rising interest rates, inflation and geopolitics are a toxic mix Financial Services

https://ift.tt/4JIBUpX LONDON, ENGLAND – DECEMBER 07: A visual representation of the digital Cryptocurrency, Bitcoin on … [+] December 07, 2017 in London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a

https://ift.tt/DOWI68L Topline Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve’s looming interest rate hikes. “Tesla shareholders can’t be happy” about the Twitter deal potentially diverting Elon Musk’s …

https://ift.tt/aH07enw US Senators Elizabeth Warren and Robert Menendez have blasted bank-backed P2P payments app Zelle over reports of widespread fraud and scams on the platform. In a letter to Zelle operator Early Warning Systems, the senators say: “Both your company and the big banks who both own and partner with the platform have abdicated responsibility

https://ift.tt/6QVLgHa SAN FRANCISCO – MARCH 31: The San Francisco skyline is seen from Treasure Island March 31, 2006 in … [+] San Francisco. April 18, 2006 will mark the 100th anniversary of the great 1906 earthquake and fire that devastated San Francisco. (Photo by Justin Sullivan/Getty Images) Getty Images Great news for people who want

https://ift.tt/pBhcT0P Topline The housing market has taken off this year as home prices continue to surge amid high inflation and ongoing supply chain issues, but some experts say prices could soon level out as mortgage rates rise and demand drops. Monthly mortgage payments are up nearly $500 since last year and more than double what

https://ift.tt/kJcozWA Topline As the market struggles to brush off some of its worst losses in more than a year, a growing number of experts are warning more stocks could tumble into bear market territory as the Federal Reserve unwinds its pandemic-era economic support—even if inflation subsides more quickly than expected. “Be careful what you wish

https://ift.tt/TCXEYzq Today, in the Calculated Risk Real Estate Newsletter: March New Home Sales: Little Completed Inventory, High Number of Homes Under Construction Brief excerpt: The next graph shows new home sales for 2021 and 2022 by month (Seasonally Adjusted Annual Rate). Sales in March 2022 were down 12.6% from March 2021. The year-over-year comparisons will

https://ift.tt/Er6twLS This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Goodbye, TWTR ticker. Hello to the reign of the world’s wealthiest man, Elon Musk. While Musk taking Twitter private may have seemed all but inevitable after he

https://ift.tt/wtBcGpk Source: Baker McKenzie We are launching the Fintech Counsel Fund to provide practical support to three carefully selected fintech companies as they seek to make their mark in the fintech industry. Through the programme, we will be providing our three finalists with a structured six-month support package of legal and commercial advice to help

https://ift.tt/AVxgbiw Source: ION Newcastle based FinTech company, ION is proud to announce they have joined Stripe’s Partner Ecosystem (SPE) becoming a strategic partner with Stripe, a leading global technology company that builds payments infrastructure for the internet. As a ringing endorsement of the partnership, Stripe has appointed ION as a strategic partner for billing implementation

https://ift.tt/TBrkSyP Source: PayByCar PayByCar, Inc., the mobile payments startup responsible for providing pay-by-text payments at gas stations across Massachusetts, has announced today the completion of a $4 million seed round of funding. “Following a string of successes since our 2020 pre-seed round funding, today’s announcement is the beginning of our next chapter in financing the

https://ift.tt/RbLdAj2 Stripe, a financial infrastructure platform for businesses, today launched the Stripe Partner Ecosystem, a new partner program with leading firms whose services enable Stripe users to thrive in the internet economy. The Stripe Partner Ecosystem comes as companies are accelerating their digital modernization, and increasingly looking for support outside their own organizations. Surging demand

https://ift.tt/VoHZ81r A recent round of fundraising for Voyager Innovations, the company behind Paymaya, the Philippines’ most popular digital payments app, has resulted in the company being declared a unicorn and valued at more than $1 billion. It was stated Tuesday that Voyager Innovation’s value had risen to $1.4 billion after receiving a $210 million injection

https://ift.tt/JFN8pe1 Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller National Index up 19.8% Year-over-year in February; New Record Monthly Increase Excerpt: This graph below shows existing home months-of-supply (inverted, from the NAR) vs. the seasonally adjusted month-to-month price change in the Case-Shiller National Index (both since January 1999 through February 2022). Note that the

https://ift.tt/7TISHGO China Last Night KraneShares Key News Asian equities were largely higher. Mainland China was off, and Australia returned from yesterday’s holiday off -2.08% as commodity prices retreated. Two key pieces of news drove Hong Kong higher and elements of Mainland China higher. The PBOC stated, “To advance the healthy development of the platform economy,

https://ift.tt/L0s4HfY The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 763 thousand. The previous three months were revised up slightly, combined. Sales of new single‐family houses in March 2022 were at a seasonally adjusted annual rate of 763,000, according to estimates released jointly today by the

https://ift.tt/z98cY7U Kuok Meng Ru, cofounder of Bandlab, poses for a photo at a Swee Lee Holdings music store in … [+] Singapore, on July 15, 2016. Kuok, son of billionaire and Wilmar International cofounder and CEO Kuok Khoon Hong, and his partner Steve Skillings are working to turn their startup BandLab into a global cloud-based

https://ift.tt/ykhMNS2 Source: Eventus Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, and FTX.COM (“FTX”), a leading global cryptocurrency exchange, announced today that FTX has contracted with Eventus to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all FTX markets throughout the globe. The firms made

https://ift.tt/8px9P23 The Consumer Financial Protection Bureau (CFPB) is invoking a little-used legal provision to let it examine the fast-growing number of nonbank fintechs that could pose a risk to Americans. The CFPB says that, under the Dodd-Frank Act, it can supervise “nonbanks whose activities the CFPB has reasonable cause to determine pose risks to consumers”.

https://ift.tt/TjDsd7e Source: Jack Henry Jack Henry & Associates, Inc.® (NASDAQ:JKHY) announced today that North Jersey Federal Credit Union (NJFCU) selected Symitar to host its core in the Jack Henry private cloud and help enable its new technology strategy. One of the main drivers of the core conversion was employee usability. Because several of the staff

https://ift.tt/fBaoVgF Source: Fiserv Financial institutions can access a curated set of fintech solutions that can help them reach new customers, operate more efficiently and compete more effectively through the launch of AppMarket from Fiserv (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions. The fintech solutions available in AppMarket will empower

https://ift.tt/cwFYloK . Since the price of gas dropped below $2 per gallon at the beginning of the coronavirus pandemic, prices have been rising quickly as consumer demand returns to normal. The Russia-Ukraine conflict has not helped either, as gas prices have skyrocketed since the invasion. At its peak in March 2022, a barrel of oil

https://ift.tt/0Fpae2f S&P/Case-Shiller released the monthly Home Price Indices for February ("February" is a 3-month average of December, January and February prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Shows Annual Home Price Gains Increased