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BNP PARIBAS LINKS UP WITH APOLLO FOR INVENTORY FINANCE


BNP Paribas has partnered with asset management firm Apollo and its subsidiary Athene to set up a new inventory finance platform. Eliant Inventory Solutions, which is now live, is built on tech provided by software company GEP Worldwide. Athene, which merged with Apollo this month, serves as Eliant’s primary financing partner, while Apollo will act as

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ECONOMIC OUTLOOK 2022


Global growth should remain robust but uneven, with the rising divergence between advanced and emerging market economies. However, just like in the eponymous movie, whose title we borrowed for this report, current growth dynamics might keep us from looking up during the current phase of the recovery.

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BNPL FINTECH JIFITI LAUNCHES FIRST-OF-ITS-KIND SPLIT PAYMENT SOLUTION


Jifiti, a leading fintech company, announced today the launch of the first-of-its-kind white-labeled Split Payment solution, which will round out their existing platform of BNPL offerings. The company already facilitates point-of-sale financing for leading banks and merchants globally through its white-labeled platform, enabling them to easily deploy and scale any consumer loan program at any

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5 TRENDS TO WATCH FOR IN CLIMATE-ALIGNED FINANCE IN 2022


Financial institutions will substantiate their climate alignment commitments As we begin 2022, we look ahead to some major themes likely to emerge this year.We also expect many firms will expand coverage of their target setting; many banks in the Net-Zero Banking Alliance must set interim (2030 or sooner) targets for their most emissions-intensive sectors this year. Read

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BANK OF AMERICA PROFIT BEATS ESTIMATES ON LOAN GROWTH, M&A BOOST


Bank of America Corp reported a better-than-expected 30% jump in quarterly profit on Wednesday, driven by loan growth and record-breaking M&A volumes in its investment banking business.Flush with cash and emboldened by soaring stock market valuations, large buyout funds, corporates and financiers struck billions of dollars worth of deals in the fourth quarter, generating record

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ESSENTIAL FOUNDATIONAL BANKING TERMS EXPLAINED


Make the most of your Bank of America student bank account by getting the inside scoop on monthly maintenance fees, overdrafting, moving money, and many other good-to-know foundational banking terms. You’ll even learn tips on how to manage your first debit card.