October 11, 2022

https://ift.tt/mrfzDsg Photo: TIMOTHY A. CLARY/AFP via Getty Images AFP via Getty Images A third of UK retail investors have reduced the amount they invest in response to the cost-of-living crisis and worsening confidence in the economic landscape. However, investing levels look set to pick up during the fourth quarter. That’s according to a report from

https://ift.tt/El4WzGt Payable, a payments operations platform for businesses, has raised $6.1 million in a funding round led by CRV and Earlybird. Founded by Checkout.com vets Daniel Yubi and Razvan Musca, Payable has built a platform that lets firms connect their banks and automate payments from initiation to reconciliation with a single API and dashboard. Writes

https://ift.tt/0kVKvx9 German mobile bank N26 has posted deeper losses in 2021, spending heavily on upgrading its technology stack and strengthening compliance controls The bank reported a net loss for the year of €172.4 million, 14.45% up on the previous year. Launched in Germany and Austria in January 2015, N26 began as a current account with

https://ift.tt/JcEm4bU Private sector-led blockchain-based networks and stablecoins could fix “slow, opaque and inefficient” cross-border payments, says Monetary Authority of Singapore managing director Ravi Menon. Improving cross-border payments has become a global political priority since Saudi Arabia made it a central plank of its G20 presidency. This week, the Financial Stability Board published priority themes for

https://ift.tt/PvUfl38 Google Cloud has launched a service, built on top of technology developed by Banco Santander, to help companies migrate from legacy mainframe systems to the cloud. The Duel Run service is being offered to companies across industries and is already being used by Santander to bring data and workloads onto Google Cloud’s infrastructure. The

https://ift.tt/Q0hwNq6 Australian Securities Exchange has selected Google Cloud as its preferred cloud partner with the aim of spurring product innovation in analytics and data. ASX will apply Google Cloud’s data and analytics technologies to drive actionable insights for member firms from the exchange’s data science platform DataSphere. Dan Chesterman, group executive, technology and data, chief

https://ift.tt/sHhyuSz The dollar is up over 20% against the pound. Meanwhile, in Brazil, an emerging market, the dollar is … [+] down 4% so far this year. (Photo Illustration by Matt Cardy/Getty Images) Getty Images The Bank of England spooked markets on Tuesday. Watch for the dollar to get even stronger as all of Europe

https://ift.tt/DORg6Xl Key Takeaways Google and Coinbase have signed a deal which will see Google accept cryptocurrency for some of its cloud computing clients It’s a move which will allow Google to go after cutting-edge crypto and Web3 companies who want to use digital currencies as their payment method Coinbase will receive a percentage of these

https://ift.tt/1W3bTyC | Getty Images Key Takeaways Treasuries are a risk-free way to invest your money. While other types of bonds exist, investing in 2-year Treasuries have unique advantages. Using the secondary market, savvy investors can build a Treasury ladder, helping them to maximize returns. When it comes to the short term, the options for investors

https://ift.tt/aCdAUkw Topline As home sales tumble to the lowest level in years a rash of industries tied to the housing market are starting to show signs of deterioration, with home builders, appliance-makers and some retailers among those likely to take the biggest hit as experts worry the downturn could spark a broader recession. The housing

https://ift.tt/qaH6MRg With the market 25% below its peak, the time to sell may be over but it does not mean that it’s time … [+] to buy either. If you have trimmed positions, good for you. If not, seek a professional that could help you evaluate whether to cut or hedge your positions further. The

https://ift.tt/s10YJfg In light of record-breaking inflation in the eurozone, bunq, the second largest neobank in the EU, notices a cross-country trend of young Europeans being harshly affected by the cost-of-living crisis. The neobank’s users in different EU countries are increasingly worried about their eroding savings and inability to make planned purchases. According to the research

https://ift.tt/lStnbzU Step, the all-in-one financial solution for the next generation, announced up to $300 million in debt funding led by Triplepoint Capital and Evolve Bank & Trust. The new funding brings the total capital raised by Step to $500M. With this new round of funding, Step will accelerate investments in product infrastructure and continue to

https://ift.tt/a3Tdmrg PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the rollout of the PayPal Zettle Terminal to small businesses in the U.S. following its launch in European markets last year. Terminal is an all-in-one point-of-sale solution that offers increased mobility in-store for small businesses. With its sleek design, Terminal is ready to go right out of

https://ift.tt/VlMRvoN BNP Paribas has struck a deal to buy currency risk management automation firm Kantox. Financial terms were not disclosed. Kantox offers corporates a one-stop-shop, API driven, plug-and-play solution for setting up hedging strategies. BNP Paribas has been offering the firm’s hedging technology to clients since 2019. Now, two of the bank’s Corporate & Institutional

https://ift.tt/6J2EP0U Mr Putin’s recent decision to launch a partial mobilisation has dealt a further economic blow. It provoked a mini-bank run as people once again worried about the future of the country. By our estimates Russians pulled out $14bn-worth of rouble deposits in September, about a third as much as in February. Another 300,000 or

https://ift.tt/LkXsPrC BNP Paribas has struck a deal to buy currency risk management automation firm Kantox. Financial terms were not disclosed. Kantox offers corporates a one-stop-shop, API driven, plug-and-play solution for setting up hedging strategies. BNP Paribas has been offering the firm’s hedging technology to clients since 2019. Now, two of the bank’s Corporate & Institutional

https://ift.tt/rS9NLVI Source: ecolytic Digital receipt provider, anybill, is collaborating with leading climate engagement fintech, ecolytiq, to bring next-generation features to environmental impact calculations – all with the aim to shift consumer spending behaviour towards greener directions. By joining forces, anybill and ecolytiq are paving the way to successfully intertwine climate action and digital receipting capabilities,

https://ift.tt/lr4BjgO The moon rises next to the European Central Bank in Frankfurt, Germany, Monday, Oct. 10, 2022. It’s … [+] a wonder they even have electricity at this point. (AP Photo/Michael Probst) Copyright 2022 The Associated Press. All rights reserved The odds are increasing of a global recession next year. Vanguard puts it at 60%.

https://ift.tt/XAe2BKS Ahli United Bank, a leading pan-regional financial services provider, today announced that it has selected Montran Corporation’s Virtual Account Management solutions to provide centralized treasury and cash management operations, across its diverse corporate client segments. Both companies commemorated the announcement with a signing ceremony at Sibos 2022 in Amsterdam. Utilizing Montran’s multi-currency virtual account

https://ift.tt/2cHiw1U The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Microsoft presently has an excellent rank, in the top 25% of the coverage universe, which

https://ift.tt/ZJiFWVQ Source: Bank of Ireland Bank of Ireland has introduced a new digital money management service – Money Insights 365 (Mi 365) – for all personal customers. Available on the Bank of Ireland mobile app, Mi 365 helps customers take more control of their money by providing them with over 40 insights into their spending.

https://ift.tt/ZYME6dv Picture of shop window display with text Sale on red poster getty This selloff has set up a very rare opportunity to bag 12%+ yields in closed-end funds (CEFs). I’ll reveal three names and tickers you’ll want to target now in just a second. This chance to kickstart a steady 12%+ income stream exists

https://ift.tt/xuEfeYI Source: Galileo Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced that it has become Visa Ready certified as an issuer processor for its PCaaSA (Payment Cards as a Service API) technology for card issuing. By collaborating with Visa, a world leader in

https://ift.tt/lYrj3u5 Source: CGI CGI (NYSE: GIB) (TSX: GIB.A) and Aktia (OMXH: AKTIA) have entered into a strategic partnership giving CGI responsibility for a major part of Aktia’s banking IT services, including the development and maintenance of 150 mission-critical applications. The partnership, valued at approximately 50 MEUR (approx. 75 MCAD), will enable Aktia to enhance operation

https://ift.tt/FRT5JG8 Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Credit Availability was Never Excessive During the Recent Housing Boom A brief excerpt: Although mortgage credit availability decreased in September (the MBA headline below), the most important point is mortgage credit availability was never excessive during the boom. Here is the expanded series from

https://ift.tt/cUAa1Fz China Last Night KraneShares Key News Asian equities were down overnight while the three markets that were closed Monday South Korea, Japan, Malaysia, and Taiwan played catch up to the downside as China was a rare regional bright spot. The US Fed and government aren’t making any friends among global investors as the Fed’s

https://ift.tt/Kdu4lBa Topline Younger rich Americans are far more likely to shun traditional investments in favor of ones they view as more likely to bring higher returns than their older peers, according to a Bank of America survey released Tuesday. The younger elite are piling into crypto. AFP via Getty Images Key Facts About three-quarters of

https://ift.tt/cQMSI7L Economic slowdown? With rising interest rates, bank executives share their concerns about an economic slowdown. Recent headlines in the American Banker reinforce this sentiment:   Big-bank CEOs warn of recession risk Small banks doubt the Fed can avert a recession With an economic downturn taking shape on the horizon, financial institutions can only count on

https://ift.tt/sdG5SQH Topline The International Monetary Fund on Tuesday downgraded its forecast for the global economy next year and warned inflation will be worse than previously expected due largely to the ongoing disruptions spurred by the war on Ukraine—highlighting the difficulties faced by central banks around the world as they try to cool decades-high price increases