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https://ift.tt/Vns5YND Source: Form3 Form3, the leading cloud payment technology provider, today announces its plans to launch a cloud-native API solution to connect financial institutions globally to the SWIFT network. The Swift as a service solution will help banks, fintechs and payment service providers to gain API access to SWIFT for payments and cash management services. […]

https://ift.tt/hNrpgcH Source: SmartStream SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the launch of SmartStream Air version 7 – to further control exceptions management using advanced cloud-native AI technology. This is a first in the industry, with AI exceptions management processes learning from user behaviours; it is designed to help reconcilers to

https://ift.tt/c5sR7tQ Source: Broadridge Further extending its innovation program to support the highest standards of corporate governance in local and global markets, Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the successful live running of its “market golden copy” event sourcing and proxy vote execution service for banks, brokers and wealth managers in Austria. “We remain firmly

https://ift.tt/9ZDdqCz Source: Pragma Pragma, the independent, multi-asset class algorithmic trading technology provider, has further enhanced its deep-learning enabled execution algorithms to intelligently trade Canadian and U.S. interlisted equities. Pragma launched Mercury, its deep neural network-based execution engine, in 2021 after a multi-year research and development effort, and a year of controlled production trading trials with

https://ift.tt/CWXIH3j Source: DBS As part of efforts under the Techskills Accelerator (TeSA) for ITE and Polytechnics Alliance (“TIP Alliance”), set up by the Infocomm Media Development Authority (IMDA) together with industry partners, DBS announced today that it is launching a structured three-year apprenticeship programme to prepare polytechnic students for technology roles in the bank. Developed

https://ift.tt/DEBatJ2 Source: Standard Chartered Standard Chartered announced the launch of Trade Track-It, a one-stop digital trade transaction portal that offers its clients end-to-end visibility of their trade transaction status globally. Integrated with DHL’s tracking system and Lloyd’s List Intelligence’s vessel tracking system through application programming interface, the portal provides clients and their counterparties with 24/7

https://ift.tt/y3AetW1 Source: Bank of America Bank of America’s innovative online payment solution, Pay by Bank, is now available for euro currency payments. Delivered in conjunction with Banked Ltd., this development follows the UK launch of Pay by Bank in February this year and allows customers of e-commerce companies to pay directly from their bank account.

https://ift.tt/eyVlqWM Ahead of Sibos 2022, Finextra spoke to Baldev Prakash, managing director and CEO of one of the oldest private sector banks in India, Jammu & Kashmir Bank, about their technology roadmap, the subcontinent’s economic recovery and the geopolitical implications of the Russia-Ukraine conflict despite being a smaller bank. As Prakash explained, J&K Bank have

https://ift.tt/o5TqDdk Celent and Icon Solutions research released on the first day of Sibos 2022 has revealed that payments processing will soon no longer be perceived as a commodity, but instead as a business opportunity. Commercial pressures and changing regulatory requirements will lead to this shift. It is evident that the current payments processing model for

https://ift.tt/zpQGvCb Lloyds Bank research has found that UK financial institutions are increasingly turning to technology to combat the rising costs of living. The study found that 75% of UK financial institutions are expecting costs of operations to rise in the next year due to the cost of living crisis. 72% believe that investing in technology

https://ift.tt/neFXTHW Today at Sibos 2022 in Amsterdam, Finastra announced a strategic collaboration to integrate its Fusion Trade Innovation software with Contour, the global digital trade finance network, providing banks and corporates with a streamlined end-to-end back-office workflow. Users may access their data through either platform, providing banks with increased efficiency and faster turnaround times when

https://ift.tt/GJMXiOk March 8, 1966 – NYSE during first trading hour following heavy one day dip on March 7 Bettmann Archive Here comes another high CPI inflation report (Thursday, 10/13). Expected: An 8.1% annual rise. The only visible good news is the CPI has been at the 8+% level since March. Okay. But when will the

https://ift.tt/lpThVPK Weekend:• Schedule for Week of October 9, 2022 Monday:• Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open. No economic releases are scheduled. • At 1:35 PM ET, Speech, Fed Vice Chair Lael Brainard, Restoring Price Stability in an Uncertain Economic Environment, At the National

https://ift.tt/fzRs7ON After a tough 2020, payments industry revenues rebounded strongly in 2021, growing at an 11% rate and hitting $2.1 trillion globally, according to a report from McKinsey. In the midst of the pandemic in 2020, the payments industry saw its first revenue decline since the 2008-09 financial crisis. But the sector has quickly bounced

https://ift.tt/duMrNzH The Reserve Bank of India is preparing to launch a limited pilot testing a digital rupee for specific use cases. In a 51 page “concept note” on a CBDC, the RBI’s fintech department says the pilot will begin soon as the central bank prepares for a “watershed moment in the evolution of currency that

https://ift.tt/3O2MiSz Photographer: Jeenah Moon/Bloomberg © 2022 Bloomberg Finance LP A September posting recommended selling Apple AAPL short. This switch from bear to bull can be partially explained by this monthly histogram of expected return of share price from 1980. The stock has risen in September only 35% of the time but that number doubles in

https://ift.tt/pOxd7PW The financial compliance world always seems to be perpetually speeding up. But with the last three years precipitating a digital transformation push like the world has never seen, the perpetually influx compliance industry has become even more hectic than usual. Financial businesses today simply do not function the way that they used to. And

https://ift.tt/9uP0cKD | Getty Images Key Takeaways The world’s largest crypto exchange, Binance, had to suspend deposits and withdrawals due to a hack. BNB is the fifth largest crypto by market cap, and the hack was for 2 million BNB tokens, which resulted in $570 million. A hacker exploited a vulnerability in the BNB network, which

https://ift.tt/H0TVNUO On Friday, Fortune’s Lance Lambert and I discussed the US housing market. Click here for audio One of the key topics was household formation. Here is an excellent summary article by Katie McKellar at desert.com: The most ‘underreported’ factor influencing housing market, according to Calculated Risk Bill McBride, author of the economics blog Calculated

https://ift.tt/Kfy6DkS Originally, the Dow Jones Industrial Average was the average dollar value of the 12 stocks this index fund contained. As time went on, the calculations got more complicated. Stocks have been added and removed. Companies have engaged in stock splits or spinoffs. These situations all call for the denominator to be recalculated to reflect

https://ift.tt/ySwlrFQ | Getty Images Key Takeaways Home prices are most likely to hold over the next year according to Goldman Sachs, though they have inflated by 43% since before the pandemic. The Fed’s rate hikes have made borrowing money more expensive, and rates are only expected to get higher over the next 12 months. If

https://ift.tt/BXUzASm | Getty Images Key Takeaways Aaron Judge is in the highest tax bracket, paying 37% for Federal and 10.3% for New York State taxes. For him, tax considerations are very important. For every additional $1 he earns in 2022, he will have to pay $0.47 in taxes. It would be wise for Aaron Judge

https://ift.tt/IaMrSt0 From Manheim Consulting on Friday: Wholesale Used-Vehicle Prices See Large Decline Again in September Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August. The Manheim Used Vehicle Value Index declined to 204.5 and is now down 0.1% from a year ago. The non-adjusted price change in

https://ift.tt/FcJDMK8 Oliver Zipse, CEO of BMW is also president of ACEA. He is standing in front of a BMW i4 electric car … [+] (Photo by TOBIAS SCHWARZ/AFP via Getty Images) AFP via Getty Images European carmakers expect sales in the European Union (EU) to slip 1% this year after previously expecting a return to

https://ift.tt/QHDZCmW Stock market operations getty “Why are they interviewing this guy? He doesn’t know… anything.” I paused the Netflix NFLX pseudo-documentary and searched for a quick, thoughtful response to my wife. As the resident investment strategist of the house, my reputation was on the line. “The dude made a lot of money on GameStop GME

https://ift.tt/Tq7fWmL More guidance is expected on how large banks should plan for bankruptcy Compliance Feature Feature3 Duties Compliance Management Compliance/Regulatory Risk Management Financial Services

https://ift.tt/52izOD1 The two banks have acquired subsidiaries in the fields of equipment leasing and wealth management Management Feature M&A Feature3 Financial Services

https://ift.tt/HCLX8ho NYSE trader is shocked! (Photo by Drew Angerer/Getty Images) Getty Images Wall Street’s logic is frightful – or laughable. Here’s the line of reasoning that caused the stock market to fall on Friday (10/8): The latest BLS Employment Situation report (focusing on the All Employees/Total Nonfarm data) showed slowing growth for September, but it

https://ift.tt/lAg1I9Y At the Calculated Risk Real Estate Newsletter this week: • House Prices: 7 Years in Purgatory • Black Knight Mortgage Monitor: "Home Prices Down Again in August … Now 2% Off June Peak" • "For many [home] sellers, it likely feels like the rug has been pulled out from underneath them" • Apartments: Net

https://ift.tt/0YLyWkA Silver Bull and Bear standing on a financial Newspaper with Charts getty These four stocks keep going higher even as the Standard & Poor’s 500 and the Nasdaq Composite keep going lower. That these can continue upward while most other stocks continue downward makes them candidates for closer examination. There are no guarantees that

https://ift.tt/gxLEfUb The key economic reports this week are September CPI and Retail Sales. —– Monday, Oct 10th —–Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open. No economic releases are scheduled. 1:35 PM: Speech, Fed Vice Chair Lael Brainard, Restoring Price Stability in an Uncertain Economic

https://ift.tt/2Lcup1f Bitcoin, Ethereum and other cryptocurrencies, have been described as offering a store of value, but … [+] that hasn’t happened yet in 2022 (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images In 2022, Bitcoin BTC and Ethereum ETH have both lost around two thirds of their value for the year

https://ift.tt/6HFIXSi | Getty Images Key Takeaways Micron manufactures computer chips for industries and consumer products. Due to the high demand for chips, Micron’s earnings have been stellar. With an economic slowdown looming, Micron is pausing manufacturing in hopes of lowering inventory levels. Computers power everything, from the phones in our pockets to the cars we

https://ift.tt/FMaLHKz Topline The Federal Reserve’s interest rate hikes further tanked the housing and stock markets this week, but signs that the job market may not be cooling quickly enough could mean the economy has much more to lose before decades-high inflation subsides—feeding concerns that a recession may only be inevitable, even if not immediate. There

https://ift.tt/slerMyI Men reading paper getty I hate to hear about investors using “rules” like the 60/40 portfolio (where you devote 60% of your holdings to stocks and the rest to bonds) to invest their hard-earned cash. The problem with “rules” like this one is that they lack the ability to adjust to changing markets, like

https://ift.tt/Mk62eta TOPSHOT – A protester holds a portrait of Mahsa Amini during a demonstration in support of Amini, a … [+] young Iranian woman who died after being arrested in Tehran by the Islamic Republic’s morality police, on Istiklal avenue in Istanbul on September 20, 2022. – Amini, 22, was on a visit with her

https://ift.tt/KXs5lbm NOTE: Starting this week, COVID stats will only be updated on Fridays. On COVID (focus on hospitalizations and deaths): NOTE: Cases have declined by two-thirds from the recent peak, and deaths lag cases – so we might see average daily deaths in the 200s soon (good news, but still too high). Average daily deaths

https://ift.tt/UuYF6C9 (AP Photo/Elise Amendola) Copyright 2021 The Associated Press. All rights reserved. Shares of CVS Health (CVS) fell more than 10% today following the disclosure last night that based on the 2023 Star Ratings system used by the Centers for Medicare & Medicaid Services (CMS) to measure the performance of Medicare Advantage (a.k.a. Medicare Part