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https://ift.tt/9JlN68e | Getty Images Key Takeaways With the possibility of global demand for LNG (liquefied natural gas) doubling by 2040, companies involved in natural gas are set to increase in revenue. The ongoing situation with Russia and Ukraine has significantly impacted energy prices worldwide as countries affect sanctions against Russia. European countries are looking to […]

https://ift.tt/1lTfstA The Index of Bonds on The Screen. getty Generally, recessions are bullish for bonds. Which makes this 3.8% bond yield a “best recession bet.” Why are we talking bonds in a year where they have all been crushed? Well, that’s the reason. The cure for poor bond performance is the high yields that are

https://ift.tt/ZHnNSvK The DOL reported: In the week ending October 8, the advance figure for seasonally adjusted initial claims was 228,000, an increase of 9,000 from the previous week’s unrevised level of 219,000. The 4-week moving average was 211,500, an increase of 5,000 from the previous week’s unrevised average of 206,500. emphasis added The following graph

https://ift.tt/DuoA31N From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. Increases in the

https://ift.tt/iCAIrW4 With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2023. From Social Security: Social Security Announces 8.7 Percent Benefit Increase for 2023 Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in

https://ift.tt/l6SzDgM Source: Forter Forter, the Trust Platform for digital commerce, today announced the launch of Smart Claims, a new product offering designed to help businesses manage chargebacks more effectively. By connecting order and claims data across different payment systems into a single, consolidated view, Smart Claims enables merchants to resolve chargeback disputes more intelligently and

https://ift.tt/jQBby20 Source: Visa Creators are driving a revolution in digital commerce and culture – producing content that entertains, engages, and educates online communities in powerful new ways. To serve this growing category of small business, Visa (NYSE: V) today announced the launch of the Visa Ready Creator Commerce program. The global initiative will help creator-centric

https://ift.tt/h1mMn5K Source: Profile Software Profile Software, a leading financial solutions provider, has announced today that UBCI (Union Bancaire pour le Commerce et I’Industrie) has selected Acumen.plus, the internationally implemented Treasury Management solution, to effectively cover the entire spectrum of treasury and streamline their operations in the most efficient way. The solution, which offers full compliance

https://ift.tt/4psQA6T Source: Clik2pay Payment service provider Clik2pay has launched the Clik2pay Partner Program, enabling service providers, merchants and organizations to provide Clik2pay direct-from-account payment service to their clients. The program is designed to help payment service providers, independent software vendors, developers and associations offer additional payment solutions to their customers, saving them costs and allowing

https://ift.tt/t5QWTKG Source: Pillow Democratised access to digital assets is key to getting emerging market investors on a level playing field, giving them the opportunity to take control of their finances and battle the dual challenges of inflation and the rising costs of living. Helping them on this journey, crypto investments platform Pillow is creating simple,

https://ift.tt/UMwWbzG Revolut is looking to lure consumers in Ireland with a three percent cashback offer on purchases with leading brands. The new service, ‘Shops’, lets users search and browse products from more than one thousand brands. These include local favourites ranging from Smyths Toys and Woodies to Arnotts and Brown Thomas; international retailers like Ikea,

https://ift.tt/lQA8yqI Topline As the threat of prolonged inflation threatens additional rate hikes tanking sectors of the market, consumer prices rose 8.2% in the 12 months ending in September—slowing down for a third consecutive month, but still climbing more than expected in a worrying sign for the broader economy. An attendant holds a petrol pump. SOPA

https://ift.tt/ybUHoL4 | getty Key Takeaways The ADP report is one of two jobs reports investors absolutely need to pay attention to. Strong jobs numbers could lead to a stock market rally, while a weak report is likely to send stocks tumbling. Job growth remains strong overall, but hiring in some industries is beginning to slow

https://ift.tt/IPSQ2dp Source: ComplyAdvantage ComplyAdvantage, a global data technology company transforming financial crime detection, today announced that Vatsa Narasimha has been named as the company’s new Chief Executive Officer (CEO), and Charles Delingpole, the company’s founder and former CEO, will transition to become Executive Chairman. Both will assume their new positions effective immediately. Charles Delingpole has

https://ift.tt/1HRGWEu Last week I had the pleasure again to attend the yearly Digital Finance Summit (DFS) in Brussels (organized by Fintech Belgium). As each year, this was a super-interesting and fully-packed day of interesting panels, keynotes and networking, allowing to get a good update of what’s living in the Fintech scene in general and in the Fintech

https://ift.tt/yZz15Iv Source: BlueSnap BlueSnap, a global payment orchestration platform of choice for leading B2B and B2C businesses, today announced a new partnership with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. This product partnership will give businesses the ability to accept and get paid out in up to 15 different cryptocurrencies and

https://ift.tt/z05sKUl Source: East The European Association for Secure Transactions (EAST) has just published a European Payment Terminal Crime Report covering H1 2022 which highlights a new type of fraud along with a rise in terminal related fraud attacks. Terminal related fraud attacks were up 81% (from 2,775 to 5,022 incidents). This increase was primarily due

https://ift.tt/tRDron5 The annual Sibos conference is the Davos of the payments industry. The latest opus in Amsterdam, attended by 10,000 delegates from October 10th to 13th, seemed stuck between the future and the past. Sessions on the metaverse and the digital euro drew crowds. But so did a barber stall and arcade games lit by

https://ift.tt/J6QMr1O Raising rates, as most central banks are now doing, should lead to slower growth and lower inflation. But it can take time for the full impact to be felt. Hence Friedman’s idea of a long lag. The variability, meanwhile, refers to the lack of a predictable interval between raise and result. Lags present an

https://ift.tt/OTdX38Z The now-dismantled dth-nul-energihus in suburban Copenhagen offers a vision of a future that never came to pass. Built during the oil shock of 1973 by the Technical University of Denmark, this squat, white building—consisting of two living spaces divided by a glass atrium and topped with a spine of solar panels—was one of the

https://ift.tt/O5NX2c0 FinextraTV is joined at Sibos 2022 by Jason Lane-Sellers, Director of Fraud and Identity Expert EMEA for LexisNexis® Risk Solutions. Delving into the topic of targeted social engineering, Lane-Sellers gives insight into current scams, their methodology, and practical guidance in managing the risks and impacts of fraudulent behaviour. Financial Services

https://ift.tt/XM7jIJx The famed stockpicker is doubling down on her favorite “disruptive innovation” stocks despite a market drubbing. Jamel Toppin/The Forbes Collection Undeterred by the market selloff this year, Ark Invest founder and CEO Cathie Wood doubled down on disruptive innovation stocks and predicted deflationary trends will continue into next year. “Innovation trends like electric vehicles,

https://ift.tt/HBdl5MO The battle against fraud in this evolving digital world is never-ending.There’s this so-called “squeezing a balloon effect” in the area of fraud among financial institutions — and credit unions are no exception. In the global landscape, financial institutions including credit unions should expect the unexpected. The battle against fraud in this evolving digital world

https://ift.tt/NK651P2 An unfairly maligned derivative Financial Services

https://ift.tt/9UuQajL UK FInance has re-iterated its call for cross-sector action to tackle criminal gangs perpetrating large scale fraud in the UK, as figures for the first half of 2022 show that total of over £609.8 million was stolen through scams. The data represent a decline of 13 per cent compared to H1 2021. Of this

https://ift.tt/jfdRoxg When china’s communist party reveals the 25 members of its new Politburo later this month, investors will be watching closely. The line-up should offer clues about who will take charge of the country’s economic policymaking. But how useful is this exercise? Suppose investors did discover the names on China’s next economic team sheet. What

https://ift.tt/iKkOnj8 The script is familiar. A Federal Reserve bent on taming inflation mercilessly raises rates. The dollar soars, global financial conditions tighten and the world economy falls into a broad slowdown. But this time, there is a twist. Where writers would normally pencil in an emerging-markets crisis, there is instead an eerie calm. For decades,

https://ift.tt/XovxOCm Source: CFA Institute BNP Paribas Asset Management (BNPP AM) and CFA Institute today announced the global launch of an e-learning primer to support the understanding of the importance of acquiring ESG (Environmental, Social and Governance) skills and the growing need for greater sustainability knowledge and awareness among finance and investment professionals. This is part

https://ift.tt/qMba43x Source: Sustainable Trading Sustainable Trading, the non-profit organisation dedicated to transforming environmental, social and governance (E, S and G) practices in the trading industry, today strengthens its membership network with the addition of seven new firms from across the trading industry. Barclays, Liquidnet, Mizuho International, Rand Merchant Bank, Schroders, State Street and Telehouse are

https://ift.tt/1q7evQK Source: Tink Europe’s leading open banking platform, Tink is working with Snoop, the multi award-winning money saving app, to give UK consumers real-time insights on how to cut their bills, pay off debt, grow their savings and save where they spend. This summer Snoop passed one million downloads. Together with Tink the app empowers

https://ift.tt/my4QbU1 Source: Ayoconnect Ayoconnect, Southeast Asia’s largest open finance platform, has closed a US$13 million B extension financing round led by SIG Venture Capital with participation from CE Innovation Capital and existing investor fintech PayU, the payments and Fintech business of Prosus, increasing its stake. A follow-on round to its oversubscribed Series B fundraise led

https://ift.tt/s6wFxeH Source: EY EY announces that it has expanded its technology ecosystem with the launch of business transformation platform, EY Nexus, which is optimized for financial services and designed for rapid deployment of new products and solutions. The launch of EY Nexus marks an important milestone, with the EY organization recently announcing combined global revenues

https://ift.tt/Ipz67Xl Source: Mondu B2B payments company Mondu has raised a €20m debt investment round from German bank Vereinigte Volksbank Raiffeisenbank. This is the first loan to Mondu, granted to a Luxembourg-based SPV and collateralized. This SPV-set-up allows Mondu to swiftly scale and diversify its refinancing with external investors – both German and International. In parallel,

https://ift.tt/Rusgv5L Gilbert Verdian, Founder and CEO, Quant joins FinextraTV at this year’s Sibos, discussing what needs to happen for digital assets to gain traction amongst institutions, digital money’s role in B2B and Quant’s thoughts on the world’s central banks adopting digital currency in the future. Sponsored | what does this mean? This content has been

https://ift.tt/vKmPG8b The payment industry’s migration to the ISO20022 XML data format promises much, or rather the list of promises is long and the same as it has been for a long time, and is very promising: richer data, easier data mining, easier compliance-checking and harmonization (aka everyone else is going to use it so we

https://ift.tt/iIhGNow Source: Cynergy Bank Cynergy Bank announces senior appointments to align with the bank’s strategy. The bank has moved to a front-line structure comprising of Property, Trading Businesses and Private Banking. In addition, Cynergy Business Finance offering asset-based lending, was launched late in 2021 and has already provided £130m of funding to SMEs. Martin Fent

https://ift.tt/yCSRILb Source: EY EY has today announced plans to establish a new Financial Services Technology Hub in the Midlands, as it responds to rising market demand for tech expertise outside London. The new Hub will be run by a four-strong leadership team – Sagar Khandelwal, Heather Hales, Mark Wood and new hire, Joe Murray –

https://ift.tt/RGm2MyC Source: Marqeta Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced the appointment of Jeff Parker as its new SVP and Managing Director, International. Parker joins from WorldFirst, the international business payment provider, where he assumed the position of CEO shortly after its acquisition by Ant Group. In his new role, Parker

https://ift.tt/ZW8ftlP Source: Vested Finance Vested Finance, an investment platform that enables Indian investors to invest in the US markets is now, through its affiliated entity, VF Securities, a FINRA-registered US broker-dealer. It is the only Fintech platform operating in India that has obtained a license from FINRA, which is the regulatory body for brokers and

https://ift.tt/3ULtEJW Source: Zumo Zumo, the UK-based wallet and crypto-as-a-service enterprise solution provider, has announced at Sibos 2022 that it has become the latest member of the World Economic Forum’s Crypto Sustainability Coalition. Part of the wider Crypto Impact and Sustainability Accelerator, the newly formed coalition will explore how blockchain tools can be leveraged to contribute

https://ift.tt/fa2jeoz Source: Finch Capital In its latest ‘State of European FinTech’ report, fintech venture capital firm Finch Capital forecasts a period of cooling and consolidation across the FinTech sector, as macroeconomic conditions grow more challenging. However, an abundance of undeployed Growth Capital is cause for optimism for Founders and Talent to make a soft landing.

https://ift.tt/7fLpGAh Hannah Wallace, head of FinextraTV, took to the stage at Sibos 2022 in Amsterdam to interview Manish Kohli, global head of global payments solutions at HSBC, about the latest payments innovations, what is impacting the financial services industry on a global scale and how banks can support the evolving needs of the customers. Kohli

https://ift.tt/nYUlNoh Mastercard has invested in Nclude, a fintech focused VC investment platform launched in partnership with Egypt’s leading national banks – Banque Misr, National Bank of Egypt and Banque Du Caire. Nclude was launched in March 2022, and initially drew an investment of $100 million from the three national banks as well as Egyptian Banks

https://ift.tt/nj1SPmH Digital recipts startup Flux is shutting down its network in the UK just months after trumpeting impressive growth and user stats. Founded in 2016, Flux was accepted on Barclays London-based fintech accelerator programme, Rise, and graduated in 2017 after proving the product’s viability for both retailers and consumers. Barcays took a mintory stake in

https://ift.tt/6475DrP Escaping from the main stage for a hot minute, Finextra listened in to a pitch on the Sibos Discover stage, where Fabian Vandenreydt, chief strategy officer at Greenomy, outlined the ESG-focused fintech’s plan to streamline banks’ and corporates’ sustainable finance reporting in line with the EU Taxonomy, SFDR and CSRD/NFRD. With 2,500 data points,

https://ift.tt/RAZB07v BVNK, a London-based crypto-powered payments and banking platform for businesses, has secured registration in Spain as a Virtual Asset Services Provider. The Bank of Spain approval gives BVNK a springboard for expansion across the EU. Launched a year ago, BVNK wants to make the use of crypto financial services more accessible, helping its clients

https://ift.tt/Mv38FVo Open Invention Network (OIN), the organization formed to safeguard open source software (OSS) and now the largest patent non-aggression community in history, announced today that The Clearing House (TCH) has joined as a community member. As the nation’s most experienced payments company, operating U.S.-based payments networks that clear and settle more than $2 trillion

https://ift.tt/2xvRCTi At Sibos 2022 in Amsterdam, we spoke to Adrian Whelan, global head of regulatory intelligence, Brown Brothers Harriman, ahead of his panel session, ‘Green, clean, and ESG: Rewiring capital markets for a new generation of responsible investors.’ Millennials and generation Z are expected to push for an ESG-exclusive market and it’s likely that only