October 5, 2022

https://ift.tt/x0sMvC1 The Monetary Authority of Singapore has launched an ESG Hub designed to spur collaboration between fintech startups, financial institutions and other stakeholders. The hub will focus on building Singapore’s ESG ecosystem through supporting fintechs in the field; anchoring “enablers” such as investors, knowledge partners and financial institutions; and backing stakeholders to drive “material, quantifiable […]

https://ift.tt/Xw2tseI JPMorgan Chase has kicked off Devup, its first software enegineering conference that will bring together 500 tech boffins from nearly 30 major cities globally to share experiences and ideas for boosting the bank’s technology programme. The three-day programme at the bank’s technology hub in Dallas will involve discussions of a wide range of research

https://ift.tt/Ar1H3jz Lloyds Bank has launched Smart Start, a combined spending and saving account designed for 11 to 15 year olds. The spending account works just like a current account, with a contactless Visa debit card to use in shops, online and at cash machines. The saving account gives instant access savings, helping kids to get

https://ift.tt/KwEQIVf Santander UK has launched a new service in its mobile app designed to assist mortgage customers with all aspects of managing their home, from estimated value to energy performance and making repairs. Features include a Home Dashboard which provides customers with a three-monthly update on the current valuation of their house alongside recommendations for

https://ift.tt/X5snJBM The organisation of the Petroleum Exporting Countries (OPEC) is sometimes called the oil market’s central bank. Every month the cartel and its allies, some 23 countries that produce 40% of the world’s oil, meet to decide on production targets. The aim is to keep prices high and stable. But just as central-bank governors argue

https://ift.tt/OhapzkJ CME Group, the world’s leading derivatives marketplace, today announced the appointment of two new global heads for its Equity Index and Cryptocurrency businesses to continue driving product innovation and supporting long-term growth. Paul Woolman, Global Head of Equity Index Products, will oversee the company’s Equity Index product portfolio, while Giovanni Vicioso, Global Head of

https://ift.tt/O1AtNHx App-only Chase UK has suffered a major outage, leaving its million customers unable to send money, move funds between accounts or see their balances for several hours. Chase UK, which boasted last week that it had signed up a million users in its first year, first confirmed that it was investigating a problem with

https://ift.tt/ei5h4oN Equinor ASA (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images The global energy complex is in a state of flux, made worse by the war in Ukraine, overzealous European lawmakers and unpredictable oil exporters. Bloomberg reported in August that the Saudis are talking with their OPEC partners about reducing global oil supplies.

https://ift.tt/Jc8AvF3 US bank’s asset management arm targets retirement schemes’ illiquid holdings Financial Services

https://ift.tt/iUG97de | Getty Images Key Takeaways Apple announced plans to slow production of iPhones, spooking investors. Sales of the new iPhone 14 are below expectations, especially in Europe and China. Even with revised expectations, Apple still had a record-high third quarter. Apple stock has been a favorite of investors for some time now. When Apple

https://ift.tt/seaxpV9 Topline The stock market broke a historic two-day rally on Wednesday as analysts warned it’s still too early to celebrate given a rash of looming risks—including incoming corporate reports that are likely to show just how badly deteriorating economic conditions are affecting company earnings. “This is one of the most difficult macro forecasting environments

https://ift.tt/7jhq4w0 LightRocket via Getty Images Key takeaways On Tuesday, Micron Technology announced plans to invest up to $100 billion into a new “mega-fab” plant in New York The semiconductor manufacturer and state officials estimate the factory could bring nearly 50,000 jobs to the upstate community Micron Technology’s stock peaked at $54.72 Tuesday and closed up

https://ift.tt/jx1Ya0v | Getty Images Key Takeaways Oil prices dropped negative at the height of the pandemic thanks to lockdowns. Oil companies were unprepared when lockdowns were removed and the government provided stimulus money to citizens. A handful of events, including the pandemic, a looming recession, and the Russian-Ukraine war will influence oil prices going forward.

https://ift.tt/9nr6dek Today, in the Calculated Risk Real Estate Newsletter: Apartments: Net Absorption Very Low in Q3, New Construction Deliveries Even Lower A brief excerpt: Moody’s Analytics also reported the effective rents were up 1.7% in Q3 from Q2, and up 10.2% year-over-year (YoY). This is a sharp slowdown from Q2 when rents were up 16.9%

https://ift.tt/5j7XxSz China Last Night KraneShares Key News Asian equities markets had a strong day following yesterday’s US move with Hong Kong outperforming while China is still on its Golden Week holiday and India missed out on the fun due to the major Hindu festival Dussehra. Hong Kong had 481 stocks rise while just 22 declined

https://ift.tt/AoNapPR Topline As mortgage demand plummets to the lowest level in 25 years, some experts believe the housing market decline will hit a cadre of regions especially hard—pushing prices down as much as 20% in pandemic-era hotspots and other areas where affordability has plunged—even if the broader housing market remains afloat. Mortgage payments have climbed

https://ift.tt/3o75RvG Woman putting american dollars in hristmas red socks for gifts on the fireplace in bokeh lights. getty Bear markets are great for calculated contrarian investors like us. We have many dividend growers in the bargain bin. I mean, it’s rarely this stuffed. We have lots to sort through today. Specifically we’ll talk about 43

https://ift.tt/5mJdFoQ (Posted with permission). The ISM® Services index was at 56.7%, down from 56.9% last month. The employment index increased to 53.0%, from 50.2%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 56.7% September 2022 Services ISM® Report On Business® Economic activity in the services sector

https://ift.tt/eRfZUHo | Getty Images Key Takeaways Short selling an asset is betting against its future appreciation (and dividends). “Shorting” a stock carries a high potential for gains as well as losses. When the stock price of a shorted stock rises, a short squeeze can ensue, forcing the price to rise even more dramatically. While high

https://ift.tt/VzxPf6E From the Department of Commerce reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in August, down $3.1 billion from $70.5 billion in July, revised. August exports were $258.9 billion, $0.7 billion less than July exports. August imports were $326.3

https://ift.tt/WfYE4Qo Note: This is the second release of a new methodology. Historical data based on the new methodology is available. From ADP: ADP National Employment Report: Private Sector Employment Increased by 208,000 Jobs in September; Annual Pay was Up 7.8% Private sector employment increased by 208,000 jobs in September and annual pay was up 7.8%

https://ift.tt/rsBfzLd MoneyGram has acquired a 12% stake in Jingle Pay as part of a wider partnership with the UAE-based financial superapp targeting the region’s huge expatriate community. The UAE hosts nearly nine million expatriates, constituting approximately 89% of the population, making the country a powerhouse for outbound remittances. The partnership means that these people can

https://ift.tt/hpeW0OI A screen grab from Danish Defense shows the gas leaking at Nord Stream 2 seen from the Danish F-16 … [+] interceptor on Bornholm, Denmark on September 27, 2022. (Photo by Danish Defence/Anadolu Agency via Getty Images) Anadolu Agency via Getty Images Last week’s explosions and natural gas leak at the sister pipelines of

https://ift.tt/oAuNgew From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 14.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 30, 2022. … The Refinance Index decreased 18 percent from the previous week and was 86

https://ift.tt/6wurN5H Source: Napier AI Napier, a global end-to-end intelligent compliance platform and provider of advanced financial crime risk management solutions, has announced the appointment of Julian Clarke as its new Global Head of Corporate Development. In his new role, Clarke is set to work closely with Napier’s CEO, Greg Watson, to develop a robust strategy

https://ift.tt/gj8HTh1 Car sales set to fall. getty European auto manufacturers face a big hit to their businesses as recession looms and inflation eats away at consumer confidence, while threats to world peace also undermine the desire to buy a new car. What might look like a small fall in sales will translate into a bigger

https://ift.tt/qiYzk7e Source: Merrill Today, Merrill Wealth Management launched Merrill Advisor Match, a research-based, digital platform that connects people seeking financial advice with a Merrill financial advisor who best fits their preferences and needs. Data shows there is a need for a modern approach for finding an advisor. A third of affluent Americans are not working

https://ift.tt/eY79jUP Source: RBC Today, RBC announced it has acquired MDBilling.ca, a cloud-based platform that automates and simplifies medical billing for Canadian physicians. The company joins Dr.Bill at RBC, another leading medical billing company acquired by the bank in 2020. Founded in 2008, Toronto-based MDBilling.ca’s product offering is rooted in its best-in-class, proprietary software that supports

https://ift.tt/RFwsVM4 But not over yet, says Preqin Financial Services

https://ift.tt/S82LVmH In the lead up to Sibos 2022, Finextra reached out to Masayuki Tagai, Industry Issues Executive for APAC, J.P. Morgan Payments, to respond to some questions tied to his Sibos panel, ‘Rethinking data architecture through the ISO 20022 lens.’ Diving straight into the tough and technical, we asked Tagai how financial institutions should position

https://ift.tt/W7OZjVt Source: CWallet CWallet, an award-winning Qatar-based payment processing fintech startup, has partnered with M2P Fintech, Asia’s largest API infrastructure company, to enable prepaid and multi-currency cards in Qatar. This partnership is aimed at promoting financial technology intelligence, financial inclusion, and services not only to the unbanked majority but also to Qatar residents, citizens, and

https://ift.tt/H9vVzsO Source: Maastercard During the pandemic, online grocery orders rose by more than 50% and are expected to rise further this year, according to McKinsey research. More than ever, people make day-to-day purchases online, choosing quick commerce merchants that offer speed and convenience. As people open new accounts and make faster purchases, merchants are challenged

https://ift.tt/AP847xO Smart money app Plum is to launch its third crowdfunding round after picking up £5 million in debt financing from Silicon Valley Bank. Plum last ran a public campaign on Crowdcube that generated $8 million in fresh capital alongside a $24 million Series A in November last year. In the intervening period, the company

https://ift.tt/EQ0mPkv Source: HKEX Hong Kong Exchange & Clearing Limited (HKEX) is today (Wednesday) pleased to announce that Mr Mark Carr has joined the Group as Managing Director and Chief Enterprise Architect. In his new role, Mr Carr will help ensure HKEX’s vision to build the Marketplace of the Future is fully reflected in its groupwide

https://ift.tt/G7SrDA3 Financial messaging network Swift has released the results of a trial that allowed digital currencies and assets to flow smoothly alongside, and interact with, their traditional counterparts by bridging between different distributed ledger technology (DLT) networks and existing payment systems In a milestone pilot test, Swift, in collaboration with Capgemini, achieved CBDC-to-CBDC transactions between

https://ift.tt/KeGHb35 British Patient Capital has committed €25m to Finch Capital’s Europe Fund III, which has reached a final close. UK and Netherlands-based venture capital firm Finch Capital’s latest vehicle will target European fintech companies with high growth potential, and is British Patient Capital’s first commitment to a dedicated fintech fund. It will look to invest

https://ift.tt/Dlwk7yx German commercial bank Nord/LB is bidding to speed up lending decisions for receivables finance clients through the implementation of Trade Ledger loan tech. Nord/LB currently releases funds within seven working days of a receivables finance client raising an invoice. Through the Trade Ledger platform, the bank expects to reduce this to just 24 hours,

https://ift.tt/RvcDufT Source: British Patient Capital British Patient Capital has committed €25m to Finch Capital’s Europe Fund III, which has reached a final close. UK and Netherlands-based venture capital firm Finch Capital’s latest vehicle will target European fintech companies with high growth potential, and is British Patient Capital’s first commitment to a dedicated fintech fund. It

https://ift.tt/j7uxPsa Source: Bendigo Bank Bendigo Bank has today launched its new PayTo digital payments service delivering new levels of control and transparency for its online and mobile banking customers. Developed locally using the real time payment capabilities of the New Payments Platform – the same system used for secure PayID and instant Osko payments between