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https://ift.tt/fCwHk09 From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2022. … The Refinance Index decreased 2 percent from the previous week and was 86

https://ift.tt/aAsDG8i Source: Credit Suisse Jesper Andersen will assume the role of Head of IT Switzerland at Credit Suisse from January 1, 2023, consequently becoming a member of the Executive Board of Credit Suisse (Switzerland) Ltd. and the Chief Information Officer Management Committee. Jesper Andersen has been the CIO and member of the executive committee of

https://ift.tt/p0JG95m JP Morgan is celebrating the success of its blockchain application Confirm this week, following announcements that Deutsche Bank and Visa have been brought on board as key partners. Confirm is a global account information validation tool, allowing participants to confirm account information and receive responses in near-real time from other network participants. The application

https://ift.tt/4qLpkBW Source: Danske Bank Danske Bank customers are now able to pay with the Dankort part of their Visa/Dankort card when they use Apple Pay. Apple Pay is a secure and easy way to pay that gives our customers flexibility. “As a Danske Bank customer, you should be able to make payments easily, securely and

https://ift.tt/tm2TFpV Share Of Angel Funding For Female Startup CEOs Drops Despite Surge In Dollars getty Angel-backed startups have more female CEOs (16.4%) than the Fortune 500 (8.8%) and the S&P 500 (6.4%). That’s the good news! The bad news is that female CEOs are losing ground—both as a share of dollars invested and the number

https://ift.tt/an5kzJD Source: FlapKap FlapKap, the first tech-enabled revenue-based financing platform in the MENA region, revolutionising e-commerce growth, today announced the close of its $3.6M seed round. The round included participation from Bolt by QED, Nclude, Outliers, and A15. This latest capital injection comes six months after the company’s pre-seed raise and coincides with the company

https://ift.tt/7hC20iN Source: Veriff Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region is to venture on a new wave of digital and technology initiatives in collaboration with Microsoft. The initiatives follow the bank’s recently concluded IT transformation program and will further enhance the bank’s vision to be the

https://ift.tt/nHqVyX9 Deutsche Bank and Fiserv have launched vert, a payment acceptance and banking services provider to small and medium-sized enterprises (SMEs). The new entity has been introduced to meet market demand for user-friendly, integrated solutions that enable them to accept payments and move and manage money, says the German bank. Vert promises clients faster payments,

https://ift.tt/4bwSUrh Ripple, the leader in enterprise blockchain and crypto solutions, has announced its first On-Demand Liquidity (ODL) customer in France as it joins forces with Lemonway, a Paris-based payment provider for online marketplaces. The new partnership sees Lemonway using RippleNet’s ODL, which leverages XRP for crypto-enabled payments, to enhance its treasury payments processes. Ripple’s new

https://ift.tt/EwgTaWC Source: Ripple Ripple, the leader in enterprise blockchain and crypto solutions, has announced its first On-Demand Liquidity (ODL) customer in France as it joins forces with Lemonway, a Paris-based payment provider for online marketplaces. The new partnership sees Lemonway using RippleNet’s ODL, which leverages XRP for crypto-enabled payments, to enhance its treasury payments processes.

https://ift.tt/j8SEbNM Source: Modulr Modulr have announced their membership to the Digital Pound Foundation community. Since its inception in 2016, Modulr has grown to become the leading provider of embedded payments to businesses across the UK and Europe. Authorised by the UK’s FCA, the Central Bank of Ireland and de Nederlandsche Bank as an Electronic Money

https://ift.tt/sOmn1dG Source: Temenos Temenos (SIX: TEMN) today announced that it is the first to market with a SaaS offering that enables banks to manage financial crime mitigation (FCM) with composable banking services on a secure, continually evolving, self-service platform. Temenos’ FCM-as-a-Service delivers pre-built configurations aligned to global industry regulations. Now with self-provisioning and automatic upgrades

https://ift.tt/XzHgp6e Source: Volkswagen Bank In order to strengthen the cooperation with the buy now, pay later Fintech Credi2, Germany’s largest automobile bank, Volkswagen Bank, has increased its stake in the Viennese fintech from 20 percent to over 28 percent. Volkswagen Bank has held a stake in the company since 2019. As part of its increased

https://ift.tt/5h1QbEe UK financial firms blame a lack of regulatory clarity and legacy systems for constraining deeper deployment of machine learning technology, according to a survey conducted by the Bank of England. Almost half of the 71 firms who responded to the survey said there are Prudential Regulation Authority and/or Financial Conduct Authority regulations that constrain

https://ift.tt/3XGUQIM Source: fscom Leading specialist governance, risk and compliance consulting firm FSCom Limited (fscom) has today announced a partnership with world-leading alternative asset fund management group Bridgepoint following a significant investment to support the long-term growth of the company. Headquartered in Belfast with offices in London and Dublin, fscom is one of the UK and

https://ift.tt/Wq9fJT2 Source: Doshi Doshi, the first educational crypto wallet designed specifically for teens and their guardians, has officially launched, creating a unique community and platform where young adults can safely custody their digital assets, learn about blockchain technology, and access the growing Web3 ecosystem. Crypto asset ownership for those under 18 is currently next to

https://ift.tt/EtzqOJe Source: Shieldpay Shieldpay, the market leading fintech solving complex B2B payments, has today announced its partnership with Case Pilots, an acclaimed provider of claims administration services, to integrate Shieldpay’s digital mass disbursements payment service into Case Pilots’ legaltech solution. This will allow Case Pilots’ platform to benefit from the automation and security of Shieldpay’s

https://ift.tt/4MihAmB Source: Front Front launches Front API on Product Hunt, offering emerging FinTechs real-time access to investment portfolios, hassle-free crypto transfers across exchanges, and a detailed view of financial data. Front allows emerging FinTech companies access to a unique network of 250+ integrations with brokerages and exchanges globally. Front API has been in stealth mode

https://ift.tt/kjP9Hcn Source: Lodestar Technologies Lodestar Technologies Inc., a business intelligence leader in the financial services industry, is excited to welcome its newest client, DUCA Financial Services Credit Union Ltd. (DUCA), to its growing community. DUCA is a $6 billion financial institution based in Toronto, Ontario. As the 13th largest credit union in Canada (excluding Quebec)

https://ift.tt/d86Qc9G Source: Yapily Open banking infrastructure platform Yapily has teamed up with Juni, the financial platform built for ecommerce, to help ecommerce businesses gain a real-time overview of their finances, maximise cash flow, and get better credit decisions. In 2021, retail ecommerce sales amounted to approximately $5.2 trillion worldwide. Despite the current economic climate, this

https://ift.tt/FvOJMaX Source: Talenthouse Since Talenthouse completed the acquisition of Coolabi who cover several lucrative markets including UK, US and China, both businesses are strategically working together to deepen Talenthouse’s proposition within the Creator Economy space and diversify its offering amidst an unsteady market. With market conditions looking to continue in a period of instability across

https://ift.tt/XqpCyTL Europe’s largest private equity company plans an IPO with implications for the entire sector Financial Services

https://ift.tt/NebFk1l Front view of brown bear isolated on black background. Portrait of Kamchatka bear (Ursus arctos … [+] beringianus) getty Interest rate hikes are taking a toll on investment firms as they adjust to the Fed’s actions designed to tame inflation. The shares of these five well-known financial concerns are being sold so fiercely that

https://ift.tt/lAhSGEZ Edgy investors can set off a stampede of selling. Keep an eye on market turbulence. Stocks fluctuate (FPG/Hulton Archive) Getty Images The market seems to be getting freaky. The S&P 500 index was up 3.1% on October 4, off 2.8% on the 7th. If the market behaved normally, moves like this should be rare,

https://ift.tt/STU3W6l From Matthew Graham at Mortgage News Daily: Mortgage Rates Escape Harsher Fate as Bonds Fight to Hold Ground Treasury futures took a beating on Monday as the UK bond market once again traded in panic mode. The high rate implications were still in place as of Tuesday’s overnight trading. 10yr Treasury yields broke above

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