July 6, 2022

https://ift.tt/CZNg2nQ (Posted with permission). The ISM® Services index was at 55.3%, down from 55.9% last month. The employment index decreased to 47.4%, from 50.2%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 55.3% June 2022 Services ISM® Report On Business® Economic activity in the services sector […]

https://ift.tt/ymYeJAj India is making a host of its e-governance tools – including the Unified Payments Interface (UPI) and Aadhaar identity service – available to other countries via open APIs. Available via the India Stack website, the project is “a set of open APIs and digital public goods that aim to unlock the economic primitives of

https://ift.tt/9HNxCmX China is often said to be an area of rare consensus in American politics. Just about everyone agrees that something must be done to counter its rise. But this appearance of unity masks divisions and even confusion about what exactly needs to be done, most of all in the economic domain. Is the ultimate

https://ift.tt/s4xUd3M A security officer wearing a face mask walks in front of the Shanghai Stock Exchange in 2020. (AP … [+] Photo) ASSOCIATED PRESS Shares in Luster LightTech, a supplier of vision screening products and optical cable, rose by 55.4% on their debut at the Shanghai Stock Exchange on Tuesday, minting China’s newest billionaire. Chairman

https://ift.tt/rBmbeYH Wyre, a leading cryptocurrency infrastructure provider, today announced an integration with the first-of-its-kind global on/off-ramp service for digital wallets launched last month by MoneyGram, a global leader in the evolution of digital P2P payments, on the Stellar network. This service was launched with support from the Stellar Development Foundation (SDF), a non-profit organization that

https://ift.tt/k3vdqyZ Topline Federal Reserve officials reaffirmed their commitment to fighting inflation with big rate hikes and pledged to use “more restrictive policy” as needed, especially amid “significant risk” that high consumer prices could become “entrenched” for longer, according to the minutes from the central bank’s latest policy meeting. Fed officials could raise rates by 50

https://ift.tt/N8jqlQM * As June 2022 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 6.25% to 13%. * Here is a comparison against highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric: *

https://ift.tt/JrmeELi China Last Night KraneShares Key News Asian equities were largely lower while India and the Philippines outperformed. Hong Kong and China were off as recent outbreaks in several cities raise lockdown fears. The pullback weighed on travel related stocks such as hotels, airlines, online travel, and restaurants. Energy, material, commodity stocks, and futures were

https://ift.tt/3nvPy8I From the Fed: Minutes of the Federal Open Market Committee, June 14-15, 2022. Excerpt on inflation risks: In their discussion of risks, participants emphasized that they were highly attentive to inflation risks and were closely monitoring developments regarding both inflation and inflation expectations. Most agreed that risks to inflation were skewed to the upside

https://ift.tt/cYRuw1t Topline Oil prices continued to fall in choppy trading on Wednesday—extending recent losses as growing recession fears wreak havoc on markets, but despite concerns about an economic downturn hurting demand, most experts remain optimistic that prices will rebound by later this year. Oil markets are pricing in recession concerns but many analysts remain bullish.

https://ift.tt/BNA4C3o In trading on Wednesday, shares of Chevron (NYSE:CVX) crossed below their 200 day moving average of $138.47, changing hands as low as $138.20 per share. Chevron shares are currently trading down about 2.8% on the day. Start slideshow: 10 Stocks Crossing Below Their 200 Day Moving Average » The chart below shows the one

https://ift.tt/1RCrF7N Tthe store’s going out of business sale. (Photo by Robert Alexander/Getty Images) Getty Images The stock market remains in a funk, yet the cause is not what most investors believe. A valuation bubble is bursting and sadly, this process is far from over. Enjoy Technology (ENJY) announced Thursday that the retail startup will file

https://ift.tt/zFMpt8R I2C Inc., a leading provider of digital payment and banking technology, today announced its partnership with Colorado-based financial technology company Marygold & Co., to power the platform’s Tap to Pay Debit Mastercard and new customer-centric savings program. Leveraging i2c’s plug-and-play payment APIs, Marygold & Co. will build out its “Spend Now Checking” and “Money

https://ift.tt/iltHQ1Z Envestnet announced today that it has acquired Redi2 Technologies, Inc. (Redi2), a leading provider of revenue management and hosted fee-billing solutions in the global financial services industry. The deal creates more connections across the Envestnet financial wellness ecosystem for asset managers, wealth managers, and registered investment advisors (RIAs). “Redi2 is a pioneer and innovator

https://ift.tt/dzeQH7P Jack Henry & Associates, Inc.® (NASDAQ: JKHY) announced today that LINKBANCORP, Inc., the holding company of The Gratz Bank and LINKBANK, selected Jack Henry to bring modern banking services to its local community. Founded in 2018, LINKBANCORP had a vision for entrepreneurial growth, innovation in technology and a branch-lite model to support businesses in

https://ift.tt/OgLCtFq Anchor, the autonomous B2B billing & collections platform, announces hiring Tal Ben Bassat, a senior Mastercard executive, as its new Vice President of Finance and Operations. Prior to Anchor, Tal spent three years at Mastercard’s New Payment Platform division, located in London, UK, leading the global product strategy, business development, and M&A of multiple

https://ift.tt/Fj1v5Gn Kueski, one of the largest buy now, pay later (BNPL) and online consumer lenders in Latin America, today announced the appointment of Sung Hae Kim as the company’s Chief People Officer. Kim’s main objectives are to promote Mexico as a technology and innovation hub, to scale Kueski’s people practices around its strong company culture

https://ift.tt/Ce2sH5m OneMarketData, LLC (“OMD”), a leader in tick data management and analytics, today announced that Linear Investments Ltd, the custody execution and clearing provider, has selected OneTick Trade Surveillance and OneTick Best Ex. The cross-asset, cloud hosted deployment will enable Linear to meet multiple regulatory requirements, protect all trades by creating an auditable workflow and

https://ift.tt/QLoNBbp FNB Community Bank and Teslar Software today announced their partnership to streamline and automate lending processes. The community bank is leveraging Teslar’s exceptions tracking and loan management software to save time and increase operational efficiencies, freeing lenders to focus on the borrower experience. “The seamless integration of Teslar’s technology with our core processor is

https://ift.tt/83tW6Sk A former Shawbrook Bank Chief Operating Officer is using his years of valuable experience to help a leading Challenger Bank as it seeks to continue its growth. Julian Hynd has been named as the new Chief Commercial Officer at Redwood Bank, which has offices in Letchworth Garden City, Herts, and Warrington, Cheshire. The father

https://ift.tt/VX9ZJWU Bolt has reached a settlement with one of its largest customers, which sued the check-out payments company over claims of faulty technology. Authentic Brands Group (ABG), which owns and licenses brands including Forever 21, has agreed to dismiss its suit and has been awarded a stake in Bolt, with which it will continue to

https://ift.tt/sqIZtva Getty Images Key takeaways TSLA shed over 4% intraday Tuesday before rebounding to close up 2.55% in the session The initial Tesla stock shock occurred after Tesla announced fewer-than-expected vehicle deliveries in Q2 A temporary shutdown at the company’s new Giga Berlin factory also played into stock prices Tesla stock took a sudden dive

https://ift.tt/Bcr0DFs Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: "Early signs of cooling in the housing market" A brief excerpt: Note: Black Knights data on affordability goes back to 1975. And on the payment to income ratio: • With 30-year rates hovering close to 6% and home prices up nearly 11%

https://ift.tt/FHSC4ug The Covid-19 pandemic proved to be a disruptive force across virtually every industry. However, the health crisis and subsequent lockdown measures also paved the way for financial technology firms offering revolutionary new services to achieve widespread global adoption.  Prior to the pandemic, platforms like the US trading app, Robinhood, were already causing a stir

https://ift.tt/uUdnzCT From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 11.3 million on the last business day of May, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.5 million and 6.0 million, respectively. Within separations, quits (4.3 million) and layoffs

https://ift.tt/WV6zUJr A wave of bitcoin infrastructure startups are building the foundations for an entirely new financial … [+] system Photo by Kanchanara on Unsplash Bitcoin investors have been hiding behind the sofa for the first half of 2022, as they’ve seen the cryptocurrency fall 70% since its all-time high of an eye-watering $68,990.90 last November.

https://ift.tt/N8CUsjy Young handsome man with beard wearing casual sweater and glasses over blue background Surprised … [+] pointing with finger to the side, open mouth amazed expression. getty A stock’s current yield holds an almost untouchable place in most investors’ minds. But here’s the thing: it’s lying to you. My take: you’re much better off

https://ift.tt/cCyOeYz Cryptocurrency lender Voyager Digital has filed for bankruptcy protection, blaming volatility and contagion in the market, as well as the collapse of crypto hedge fund Three Arrows Capital. Voyager filed for Chapter 11 bankruptcy protection, listing assets of between $1 billion and $10 billion and liabilities in the same range. The company suffered a

https://ift.tt/BNZa9ok 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. Imagine if you owned a little bit of Delaware. That’s the pitch that Joseph McKinney is trying to sell to investors. McKinney is raising $5 million from

https://ift.tt/feL2uBi Till Payments has announced its partnership with Alipay+ to provide a payment solution for Australia’s higher education sector, Till Education, which will enable international students to use their Alipay+ wallet. The partnership seeks to simplify tuition payments for international students enrolled in Australian universities, while also integrating the payment solution into popular campus commerce

https://ift.tt/WIV7EH0 Research conducted by Temenos has concluded that two out of three adults have used embedded finance services during the checkout process online in the past year. Temenos uncovered an explosion of growth around embedded finance trends in the financial industry in recent years in a recent whitepaper. The study shows that four out of

https://ift.tt/hiAcZo0 Finalis has raised $107 million in seed funding for its investment banking platform that helps private market participants execute deals compliantly. Animo Ventures, Chaac Ventures, Ulu Ventures, Tribe Capital and The Fund joined the round, the proceeds of which will be used by US outfit Finalis for technology development and overseas expansion. Launched in

https://ift.tt/JnG3MjB Broadridge Financial Solutions, Inc., a global Fintech leader, today announced that Tyler Derr has been appointed Chief Technology Officer (CTO) effective July 1, 2022. In this role, he will serve as the senior-most technology officer in Broadridge’s delivery of world-class SaaS and other service offerings to leading financial services clients. He will be responsible

https://ift.tt/LIybAr0 FIA Tech, the leading technology provider to the exchange-traded derivative industry, announced today the launch of FIA Tech’s Cash and Collateral reference data service. At launch, the data set will be used by several global clearing firms that manage more than $120 billion of collateral held by customers for trading futures in the US

https://ift.tt/AcW4BX3 Swedish fintech Nstart has been granted a license to operate as a credit institution by the Swedish Financial Services Authority. The license will allow Nstart to offer both deposits and lending and give more Europeans the opportunity to free themselves from over-indebtedness. Nstart AB is a Stockholm-based fintech challenging legacy credit models and growing

https://ift.tt/j9HucgQ UK fintech Sonovate has unveiled a substantial securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding. Sonovate partnered with working capital fintech Demica, to assist Sonovate and BNP Paribas on the transaction. Funding partner of Sonovate, M&G Investments, also invested £15 million as part of the agreement. Sonovate is

https://ift.tt/nuyxaZW TrueLayer, Europe’s leading open banking platform, and innovative wealth-building app Chip, today announced their collaboration, delivering an improved customer experience through dramatically faster account payments. Chip offers a variety of options to make saving effortless through an approach that’s tailored to each individual user. Today, customers can build wealth through investments in real assets,

https://ift.tt/QuAh0G5 actyv.ai, the AI-powered Enterprise SaaS start-up embedded with B2B BNPL, today announced executive leadership appointments to further boost the company’s growth strategy. Ambarish Ojha, a seasoned veteran from the Enterprise software and SaaS industry, has joined as EVP Customer Engagement. He will lead Customer facing Technology functions including pre-sales, customer success, services and implementation

https://ift.tt/gmvM78i Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology data and services, today announced the evolution of its cloud-based Asset Management Platform (AMP), further enabling intelligent automation of trading workflows. This includes a new best execution trading solution within AMP, through collaboration with BTON Financial. The solution – Smart Broker

https://ift.tt/9IZ78Do Revolut will tap into Stripe’s international reach to ramp up its expansion into new international markets, including Brazil and Mexico. Stripe, the financial infrastructure platform, will back the fintech for payment processing in the UK and Europe. Leveraging Stripe’s infrastructure in global markets, Revolut aims to provide frictionless payments that will meet local preferences.

https://ift.tt/dwmFSpk From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 1, 2022. This week’s results include a holiday adjustment to account for early closings the Friday

https://ift.tt/iDTRgWl Swiss fintech Klarpay AG has signed a global partnership with Visa on becoming a Principal Member of the Visa network – the membership grants Klarpay the ability to access Visa’s bank-to-bank cross-border business transactions network, as well as to support direct card issuance. The newly acquired Visa certification further demonstrates Klarpay’s commitment to delivering