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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

https://ift.tt/n8aGxdh Source: FSB The Financial Stability Board (FSB) today published a proposed framework for the international regulation of crypto-asset activities. The core components of this framework are proposals for recommendations that promote the consistency and comprehensiveness of regulatory, supervisory and oversight approaches to crypto-asset activities and markets and strengthen international cooperation, coordination and information sharing;

https://ift.tt/5GpY3Kz Today, the Payment Systems Regulator (PSR) has confirmed its plans that will see around 400 more financial firms provide the name checking service, Confirmation of Payee (CoP). CoP is an essential fraud protection measure. Today’s direction will see nearly all transactions made via Faster Payments (FPS) and CHAPS covered by CoP by October 2024.

https://ift.tt/gmq9BJG Questioned as to whether banks’ history of failing to innovate is what paved the way for challengers to flourish, Anne Boden, founder and CEO of Starling Bank, explained to the Sibos audience that while big banks struggled to transform their platforms for years, a slew of neobanks emerged with convincing value propositions. The arrival

https://ift.tt/152VcEX BNY Mellon, the world’s largest custodian and America’s oldest bank, has rolled out a digital custody platform for safeguarding client holdings in ether and bitcoin alongside traditional financial assets. BNY Mellon formed an enterprise Digital Assets Unit in 2021 to develop solutions for digital asset technology, with plans to launch the industry’s first multi-asset

https://ift.tt/v1aLmeR WASHINGTON, DC – AUGUST 25: George Washington University student Tuana Gitonga and other student … [+] loan debt activists rally outside the White House a day after President Biden announced a plan that would cancel $10,000 in student loan debt for those making less than $125,000 a year in Washington, DC, on August 25,

https://ift.tt/8etYNU9 Businessman trading online stock market on teblet screen, digital investment concept getty Wall Street analysts are too bullish on third quarter earnings expectations for most S&P 500 companies. Although down from record highs set in recent quarters, the percent of S&P 500 companies whose Street EPS exceed my Core EPS remains high at 68%.

https://ift.tt/sHjxDcg Source: Channel Capital Channel Capital Advisors LLP (Channel) is pleased to announce the launch of its specialist Fintech Lending Strategy, with commitments from global institutional investors. The first $100m tranche of the $300m strategy will be deployed immediately to leading fintech lenders. Channel’s fund will be deployed to digital lending fintech platforms that require

https://ift.tt/QgaI64d Key Takeaways Some analysts are putting the probability of a global recession as high as 98.1%. There are a number of factors pushing the economy this way, including a strong US dollar, the Fed’s interest rate hikes and companies looking to cut costs. The faltering economy is likely to have an impact on the

https://ift.tt/XceqCHE Cannabis stocks have generally lost more than half their value this year, and Joe Biden’s pardons last week didn’t provide much sustained relief. Getty Images Cannabis stocks have come down from a spike after President Joe Biden’s surprise announcement last Thursday that he’s pardoning everyone convicted of simple marijuana possession under federal law, but

https://ift.tt/I0BNMoL Spreedly announced today that it has expanded the organization’s support offerings for customers. The organization has now established a global support infrastructure which includes resources deployed across the Americas, EMEA, and APAC, as well as offering customers 24x7x365 global support. This expansion of Spreedly’s operations will help the company provide the right support at