April 28, 2022

https://ift.tt/MjgGans What if you could invest your money in ways that also help achieve positive environmental and social impacts? Now you can — with an investing strategy known as socially responsible investing, or SRI. Also known as environmental, social and governance (or ESG) investing, this strategy allows you to invest your money in ways that […]

https://ift.tt/mWCGcpE Source: CMA Letter to HSBC UK about 11 breaches of Part 2, 8 and 10 of the Retail Banking Market Investigation Order 2017. The provisions of Part 2, 8 and 10 of the Order include a requirement for the largest Great Britain (GB) and Northern Ireland (NI) banks to ensure accurate, comprehensive and up

https://ift.tt/tjzhQgd Source: TSB The Board of TSB, with the support of Sabadell, is pleased to announce the permanent appointment of Robin Bulloch as CEO. Robin has led TSB on an interim basis for the past four months, and prior to that was Chief Customer Officer. Robin has a strong track record in retail banking spanning

https://ift.tt/0dFLyTl Source: BBVA BBVA’s environmental footprint has decreased considerably in the past two years. In 2021, energy consumption per employee was 14% lower than in 2019, water consumption was 5% lower and paper consumption was 32% lower. Net waste per employee dropped by 52% over the same period. BBVA has introduced an ambitious climate action

https://ift.tt/yTXlnj1 Bitcoin BTC and many other cryptocurrencies keep chugging downhill. This week the bitcoin price plunged to a little over $38,000 before rebounding this morning. The price of ethereum and solana dipped a few basis points, XRP 15%, cardano 5%. Dogecoin and BNB are slightly up. Meanwhile, renowned trader Peter Brandt—who earned his name in

https://ift.tt/Wl6uriS Weijian Shan decries Beijing’s Covid-19 policies as country’s growth slows Financial Services

https://ift.tt/pRQ7E40 This is a new monthly affordability index from the Mortgage Bankers Association (MBA). From the MBA: Mortgage Application Payments Jumped 5 Percent to $1,736 in March Homebuyer affordability declined in March, with the national median payment applied for by applicants rising 5.0 percent to $1,736 from $1,653 in February. This is according to the

https://ift.tt/91mfS4x Source: Wahed Wahed, a global fintech company that encourages social responsibility and financial inclusion through accessible, affordable and values-based investing, today announced the appointment of Lori A. Richards to its board of directors. With more than 30 years of industry experience, Richards is a well respected securities industry compliance professional. A former Director of

https://ift.tt/SjaH6Nh The UK’s Lending Standards Board (LSB) has published updates to the Contingent Reimbursement Model (CRM) Code – the set of voluntary standards which aim to protect people against authorised push payment (APP) fraud. Launched in 2019 and overseen by the LSB, the CRM Code requires signatory firms to detect, prevent, and respond to APP

https://ift.tt/m1P02WG The European Central Bank has launched a call for expression of interest for payment service providers, banks and technology companies to join an exercise to develop prototype user interfaces for a digital euro. Part of the digital euro investigation phase, the bloc’s central bank says selected front-end providers will form a pool of providers

https://ift.tt/r5HWJjM For most of the past year, it worried that the yuan would float too high. China’s largely successful efforts to stamp out the early variants of covid-19 kept its factories open and its borders closed. That allowed its exports to boom, putting upward pressure on the yuan, even as outbound tourism and other services

https://ift.tt/RTkoOaN Source: Nexa Equity Nexa Equity LLC, a private equity firm focused on scaling lower middle market software and fintech businesses, announced today that it has acquired Choice Inc., a leading global payments platform. Additionally, Choice has acquired Direct Payment Consultants, a payments provider that partners directly with merchants. After the acquisition, Choice’s platform will

https://ift.tt/RydIDfU Source: Banking Circle Banking Circle, the tech-first Payments Bank focused on enabling fast and low-cost payments, has expanded its payment provision for Poland with the addition of local Polish Virtual IBAN accounts for collections. This means PSPs supporting businesses serving the Polish market can now provide unlimited Virtual IBANs (International Bank Account Numbers), where

https://ift.tt/rX9AMbx IN 1988 STEVE GUTTENBERG, a comic actor, appeared on a British talk show. At one point he was asked why he had not appeared in “Police Academy 5”, having starred in the earlier films. He replied that, in his view, all the important philosophical questions had been addressed in the first four movies. This

https://ift.tt/lDuGByR IT WAS A criminal’s paradise. In June 2020 a firm in Milan secured a €60,000 ($63,300) government loan to cope with the pandemic-induced downturn. But the business did not exist. The Italian government had in fact sent cash to the ’Ndrangheta Mafia of Calabria. The same month six French citizens swindled €12m in unemployment

https://ift.tt/jtNQTXB RUSSIA’S DECISION to halt the supply of gas to Bulgaria and Poland has added fuel to an already heated debate in Germany, which is heavily reliant on the commodity. For weeks the country’s economists and officials have argued over just how much a ban on Russian hydrocarbons would harm the economy. Now it seems

https://ift.tt/Q23ISl9 Klarna is enabling banks to extend voluntary gambling blocks to open banking-driven payments through its subsidiary, Sofort, using public code developed by Monzo and TrueLayer. Monzo, was the first bank to introduce a gambling block in 2018, following demand from customers who wanted help controlling their use of gambling sites. Since then most UK

https://ift.tt/vTMse64 This segment of What’s Ahead explains why April has been brutal for stocks—with no lasting relief in sight. This, despite the fact that reported earnings in the first quarter have, so far, been impressive. But markets are forward looking—and there are dark clouds on the horizon. Supply-chain disruptions are being exacerbated by the war

https://ift.tt/Xg3MYH4 This is the web version of The Ledger, Fortune’s weekly newsletter covering financial technology and cryptocurrency. Sign up here to receive future editions. Good morning! Surprised to see The Ledger landing in your inbox so early? Well, get used to it. A number of you told us that you like to wake up to some crypto

https://ift.tt/04DLtVH Source: US Bank U.S. Bank is the first financial institution in the United States to offer an experience Spanish-speaking customers have never had before: the ability to bank via mobile app in their preferred language – just by speaking it. U.S. Bank has launched Asistente Inteligente de U.S. Bank™, a Spanish-language version of our

https://ift.tt/vVBTShj Source: Finbots.AI Singapore-based Finbots.AI, an Artificial Intelligence-envisioned firm bringing innovation to banks and financial institutions, today announced it has raised a successful Series A round of USD 3 Million. This round saw the participation of a single investor – Accel, that made this investment from its Fund VII and this marks the first external

https://ift.tt/IGv3pVf Source: Certihash Today, Certihash is pleased to announce a project to develop “Sentinel Node”, the first of a suite of five blockchain-empowered enterprise utility applications, based on the National Institute of Standards and Technology (NIST) cyber security framework. Certihash selected IBM Consulting to assist with the software design and development. As part of this

https://ift.tt/ErN3SgQ Source: NowCM The NowCM Group (“NowCM”), the leading digital solutions and infrastructure provider for the primary debt markets, together with Liquidnet, the global institutional investment network, has successfully performed its first simulation of a deal origination and order submission. The simulation involved two leading dealer banks, transaction counsel and a leading European frequent issuer,

https://ift.tt/uiRhIS3 Source: Fin+Tech May 31st will mark the launch of the new call for applications of Fin+Tech, the Italian acceleration program aimed at startups that develop fintech and insurtech solutions, part of the CDP National Accelerator Network, born from an initiative of CDP Venture Capital together with Digital Magics, Startupbootcamp, Fintech District, Nexi and Credem

https://ift.tt/Qydir0W Source: Icici Bank ICICI Bank today announced that it has launched India’s first comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, including customers of other banks. The ecosystem has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to MSMEs, who are

https://ift.tt/yF42iAe Cogni, a lifestyle-focused digital banking platform founded in the US in 2018, has closed on a $23 million Series A funding round. Built to provide accessible digital banking and lifestyle services on a single platform, Cogni aims to create plug and play access to Web2 and Web3 services across traditional finance, crypto, NFTs, gaming

https://ift.tt/JjBrR58 EBA Clearing, Swift and The Clearing House (TCH) are to run a pilot service for immediate cross-border payments (IXB) with the support of banks from both sides of the Atlantic. The pilot, designed with the contribution of 24 financial institutions, is scheduled to begin by the end of this year. The service promises to

https://ift.tt/iSdKpbY Finastra has named the winners of its Hack to the Future 4 annual global hackathon. Thousands of participants from over 75 countries submitted 230+ projects focused on sustainable and inclusive finance, embedded finance and banking as a service (BaaS), and decentralised finance (DeFi). Alongside this, initiatives such as promoting financial literacy, solar energy and

https://ift.tt/n2Pibtz To accelerate its mission to build one app for all things DeFi and Web3, Argent has today raised $40m in Series B funding. The funding round was led by Fabric Ventures and Metaplanet, with existing investors Paradigm, Index Ventures and Creandum, as well as strategic investors including Starkware, Jump and Animoca. From high fees

https://ift.tt/hOQfXp7 Niamh Curran, Finextra reporter, took to the stage to question Faisal Islam, fintech/regtech specialist at Sentinels; Anders Olofsson, head of payments at Finextra; and Ville Sointu, head of emerging technology at Nordea about digital currencies and whether they will have the capacity to transform payment systems and how cash is used. With the definition

https://ift.tt/t9Sm1sp Fiat money is a means of the mutual financial settlement between the market players. Be it for physical products or services, consumers look for flexibility in payment methods. Digital currencies are no exception, especially in the e-commerce world where flexibility is a key to creating better user experiences and higher conversions. From the very

https://ift.tt/Bq6uwm2 Regal Hotels is developing a virtual city in the Sandbox. Regal Hotels Group Singaporean billionaire Kwek Leng Beng’s Millennium Hotels and Resorts and the billionaire Lo family’s Regal Hotels Group in Hong Kong are taking their first steps into the metaverse after purchasing virtual properties in blockchain gaming platforms Decentraland and the Sandbox. Millennium

https://ift.tt/Vo7TJhK Coinpanion, the crypto startup for easy entry into the world of crypto investments, and Frankfurt-based Bankhaus Scheich – together with its FinTech arm, tradias – are entering into an operational partnership. According to the release, Bankhaus Scheich/tradias will act as liquidity provider, order executor and IT provider for B2B2C crypto trading for Coinpanion. Bankhaus

https://ift.tt/jlKNbwz Bank of Japan (BOJ) Governor Haruhiko Kuroda fields questions during a press conference in Tokyo. KAZUHIRO NOGI/AFP via Getty Images Bank of Japan Governor Haruhiko Kuroda is often thought to have the hardest job in central banking. Since 2013, he’s built up an incomprehensibly huge $5 trillion balance sheet, one that tops the annual

https://ift.tt/PkMyGS0 Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 180 thousand down from 184 thousand last week. • Also at 8:30 AM, Gross Domestic Product, 1st quarter 2021 (Advance estimate). The consensus is that real GDP increased 1.0% annualized in Q1, down from 6.9% in