June 8, 2022

https://ift.tt/SwRlVOE Codat, an API-based platform for business data sharing, has raised $100 million in a Series C funding round led by JP Morgan Growth Equity Partners. Canapi Ventures, Shopify and PayPal all participated in the round, while Plaid has been publicly named as an investor for the first time. Codat uses a single API to

https://ift.tt/25dTycp The New York State Department of Financial Services has set out strict reserve requirements for firms looking to issue USD-backed stablecoins in the state. Under new regulatory guidance, issued by superintendent Adrienne Harris, crypto firms must ensure that stablecoins are fully backed by a reserve of assets. Issuers must adopt “clear, conspicuous redemption policies”,

https://ift.tt/NRwabSA HSBC has pulled the plug on Serai, the Hong Kong-based trade platform it launched three years ago, citing a failure to build a commercially viable business. Serai launched in 2019, the brainchild of Vivek Ramachandran, who was then global head of growth and innovation at HSBC and who became the wholly-owned subsidiary’s CEO. It

https://ift.tt/mILaTfh More than two in five buy now, pay later (BNPL) customers borrowed money to make repayments, Citizens Advice has found, fuelling fears of a looming credit crisis among cash-strapped consumers. The types of borrowing included overdrafts, borrowing from friends and family, loans and payday loans. The most popular was credit cards (26%). Younger shoppers

https://ift.tt/8XtTmU0 Today, in the Calculated Risk Real Estate Newsletter: Homebuilder Comments in May: “Builder metrics quickly deteriorating" A brief excerpt: Read these comments. These are clear signs of a market shift. Some homebuilder comments courtesy of Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting (a must follow for housing on twitter!):…#Austin

https://ift.tt/8XtTmU0 Today, in the Calculated Risk Real Estate Newsletter: Homebuilder Comments in May: “Builder metrics quickly deteriorating" A brief excerpt: Read these comments. These are clear signs of a market shift. Some homebuilder comments courtesy of Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting (a must follow for housing on twitter!):…#Austin

https://ift.tt/lKgyMQu DigniFi, a FinTech company and leader in the world of transportation, helping auto dealers and small businesses across the country grow their revenue and delight their customers with visionary, inclusive financing, today announces the appointment of Mariana Coontz as Chief Financial Officer and Kristy Nordmann as Chief People Officer. “Mariana’s financial experience and expertise

https://ift.tt/FiN4a0D As part of a nationwide effort to educate and inform both Law Enforcement and consumers, the ATM Industry Association (ATMIA) today announced the release of a handout addressing cryptocurrency fraud schemes. The two-page document includes brief descriptions of six different types of fraud schemes and recommendations for law enforcement best practices when a crypto

https://ift.tt/WEiSfpK Getty Images Key Takeaways Apple held its WWDC keynote on Monday, announcing iOS 16, the new M2 chip and multiple other new features and technology They also announced a foray into the Buy Now Pay Later industry, with Apple Pay Later to be integrated into iOS 16 With Klarna still a private company and

https://ift.tt/6mgXHl8 Topline Stocks fell and rates on government bonds surged on Wednesday as investor concerns about a slowdown in economic growth continued to weigh on markets, while oil jumped to a 13-week high on the back of climbing U.S. gas prices. Stocks will struggle for direction until there are “clear signs” that the Fed is

https://ift.tt/acNTWLl In trading on Wednesday, shares of Altria Group were yielding above the 7% mark based on its quarterly dividend (annualized to $3.6), with the stock changing hands as low as $50.00 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock

https://ift.tt/bzVXQCt Source: Axian Group The AXIAN group is pleased to announce that it has joined Disruptech Egypt Fund I, a venture-capital fund dedicated to supporting tech-enabled and fintech startups in Egypt. Disruptech Egypt Fund I (“Disruptech”), is a venture-capital fund dedicated to developing Egypt ́s financial-technologies (“Fintech”) ecosystem by supporting start-ups and is nurturing a

https://ift.tt/s14MmWT Today, in the Calculated Risk Real Estate Newsletter: Current State of the Housing Market A brief excerpt: This is a market overview. There are clear signs of a market shift. A few quotes: From Denver Metro Association of Realtors® “modest numbers this month became a sign that the market has returned to a semblance

https://ift.tt/EaPvzU1 China Last Night KraneShares Key News Asian equities were largely higher as Hong Kong outperformed and India underperformed. Today was more important than what initially meets the eye as Hong Kong volumes were 130% of the 1-year average and were +31% from yesterday. It was the highest volume day in Hong Kong since the

https://ift.tt/YHyLdjh Pink Piggy Bank with Heart Shaped Eyes getty Here’s some advice you might be surprised to hear from an investment-newsletter writer: Do NOT buy stocks right now. That is, unless you can answer an emphatic “yes!” to these three questions: Are you investing for the long term? Are you investing in stocks that are

https://ift.tt/jvMJfzH Topline Shares of energy giant Exxon Mobil surged to a new all-time high on Wednesday, continuing a stellar run this year on the back of rising oil and gas prices, which analysts warn could remain elevated well into late 2022. Exxon shares have risen nearly 65% this year. Dean Mouhtaropoulos/Getty Images Key Facts Shares

https://ift.tt/S4LinVB Modulr, the embedded payments platform, has today announced it has launched its real-time Euro payments service, based on the real-time pan European SEPA Instant scheme, which operates 24/7, settles funds in 10 seconds and presents European businesses with significant competitive opportunities. The new service enables customers to build and launch embedded real-time Euro payment

https://ift.tt/qkJth1F Bloomberg today announced that Baader Bank AG, a leading investment bank in Germany, has adopted Bloomberg’s Rule Builder (RBLD), to automate its equities trading processes and optimize the performance of the firm’s buy-side trading desk using additional insights gained from Bloomberg Transaction Cost Analysis (BTCA). Baader Bank’s asset management services team supports the firm’s

https://ift.tt/stceZY8 Renowned by Credit Unions for its Digital Communications capabilities, Eltropy today announced the acquisition of Video Banking leader POPi/o. The acquisition not only strengthens Eltropy’s industry-leading Digital Communications platform, but it also represents one of the fastest fintech expansions in the market. Eltropy now empowers over 400 Credit Unions with the tools they need

https://ift.tt/G9FUJAl Following a successful pilot, Edinburgh-based cryptocurrency platform Zumo has received government funding to continue its work on decarbonising crypto. Zumo’s Zero Hero pilot project saw the acquisition of Renewable Energy Certificates (REC) to compensate for the electricity usage of bitcoin bought via its app. Over the pilot period, bitcoin to the value of £1.5

https://ift.tt/NQjUMaS Starling Bank CEO Anne Boden has threatened legal action against former anti-fraud minister Lord Agnew over his allegations that the bank used the Government’s Covid loan scheme as a “God-sent opportunity” to swell its balance sheets without conducting adequate checks on the ability of loanees to repay the debt. In his statement at aconference

https://ift.tt/1QAYgXl Topline Mortgage rates plummeted last week in the latest sign rising interest rates have started to temper demand in the booming housing market, but experts note plunging demand won’t quickly pull prices down due to historically low levels of inventory, with some forecasting prices should continue to rise throughout the year. Housing affordability has

https://ift.tt/5UNKrzo Macro view of a screen of trading terminal with abstract financial graph and digits. Trading and … [+] forex concept. 3D Rendering getty Economic earnings increased year-over-year (YoY) for all but one sector through the trailing-twelve-months (TTM) ended 1Q22.[1] This report is an abridged version of S&P 500 Economic Earnings Set Records, but WACC

https://ift.tt/3eqavRD This photograph taken on May 28, 2021 shows the new TotalEnergies logo during its unveling ceremony, … [+] at La Defense on the outskirts of Paris. – Total shareholders voted on the strategy of the oil and gas giant, which renamed itself TotalEnergies to mark its diversification, while some investors are urging it to

https://ift.tt/xdgvhPX Notebook with mutual funds sign on a table. Business concept. getty With an ever-growing list of similar-sounding mutual funds to choose from, finding the best is an increasingly difficult task. How can investors change the game to shift the odds in their favor? Don’t Trust Mutual Fund Labels There are at least 184 different

https://ift.tt/jW9CypV ACI Worldwide has agreed to sell its corporate online banking technology to private equity firm One Equity Partners. Financial terms were not disclosed. Marketed as ACI Digital Business Banking Solutions, the API-driven offering enables blue chip banks worldwide to process over $1 billion in daily payments. The technology, deployed on-premise or cloud-based, lets corporate

https://ift.tt/pQJ4VG6 Source: EMVCo Data published by EMVCo shows that at the end of 2021, 12 billion EMV® chip cards were in global circulation. This marked a significant 1.1 billion increase compared to the previous twelve months. Global issuance and adoption also rose, with EMVCo data showing 68% of all issued cards are EMV-enabled and 90%

https://ift.tt/WhUzkSq Source: Fiserv Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has expanded the diverse portfolio of payout options available to businesses using its Carat operating system to include digital checks. Enabled in collaboration with Checkbook, Inc., an all-in-one push-payments processor, this new capability allows businesses that deliver

https://ift.tt/y6sprTl Source: Mastercard Mastercard has partnered with Mercado Libre to strengthen the security and transparency of its recently launched crypto program in Brazil. Mastercard’s CipherTrace technology will allow Mercado Libre to monitor, identify and understand risks, and help the retailer manage its regulatory and compliance obligations. As part of its mission to democratize financial services

https://ift.tt/FrGk8N0 Source: DTCC The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today outlined enhanced resilience measures that financial firms should consider adopting to ensure the continued safety of the financial markets amid an increasingly complex technology landscape. As DTCC outlines in a new white paper,