Banks and credit unions need to start planning for the difficult economic situation that lies ahead. Due to the greater availability of cash, growing inflation and interest rates, the number of available positions, and pay inflation, this upcoming recession will be very different from the one that occurred in 2008. However, banks and credit unions
Fabrick, an international Open Finance provider, and Reale Group, a leading European insurance group, are delighted to announce a new partnership. This partnership will help optimise insurance premium payments whilst also making Fabrick’s Open Finance platform available to a network of more than 700 Reale Mutua and Italiana Assicurazioni agencies, as well as to Blue
The Matic coin, an alternative cryptocurrency based on Ethereum, authorises the Polygon network (initially called the Matic network). It aims to provide a long-term scaling solution to issues like high transaction costs and slow speeds. The rising volume of transactions on the Ethereum blockchain has placed a significant stress on the network, causing decreased performance
The Canadian fintech company Nuvei Corporation today announces the release of Nuvei for Platforms, a global payments solution. Businesses can integrate payments into their own platforms using the fully customizable product as either a Nuvei branded or white-label offering. It has been created to meet the payment needs of big fintech companies, banks, marketplaces, and
Michael Barr, the Federal Reserve’s top regulatory official, said Monday the U.S. central bank is watching for any stresses to the financial system amid a weakening economy, and signaled that stiffer oversight of cryptocurrency is in the offing. The Fed “will be heightening its focus on liquidity, credit, and interest-rate risks as supervised institutions manage
A new cross-border payments solution, Brightwell’s ReadyRemit *, powered by The Bancorp Bank, N.A., and Mastercard’s Cross-Border Services, was just unveiled by Atlanta-based Brightwell, a provider of global payments technology. ReadyRemit provides a user-friendly, cross-border payments solution with compliance capabilities, enabling fintechs, enterprises, and programme administrators to improve revenue and loyalty. When possible, the partnership
The Alt401(k), a retirement platform offered by ForUsAll, a leading retirement provider for small businesses, gives employees the freedom to invest a portion of their 401(k) in potentially higher-growth opportunities like cryptocurrency in addition to conventional 401(k) mutual funds. As of today, 50 companies are live with the platform. The 401k’s first crypto delivery is
Next year, real-time payments to cryptocurrency exchanges will be prohibited by UK bank Santander. The action is meant to shield users from scams, according to an email to customers that was originally covered by Reuters. Santander has not said what time in 2023 the modification will go into effect. The bank will implement a more
Goldman Sachs, MSCI, and Coin Metrics today announced the introduction of datonomy, a new categorization scheme for the market in digital assets. The new data service datonomy categorises money and tokens according to their intended purpose. Datonomy can be licenced for a number of use cases, including the review and assessment of portfolio performance and
One of the biggest non-bank retail mortgage lenders in the country, loanDepot, Inc., unveiled a cutting-edge digital home equity line of credit today (HELOC). This ground-breaking new solution provides homeowners with a strong option for addressing inflation and rising consumer debt with a level of digital ease, convenience, and speed to funding not currently available
Investor services company IQ-EQ is upgrading to Napier’s AI-enhanced Client Screening, according to Napier, a major developer of anti-financial crime compliance solutions. By automatically checking clients against sanctions, political watchlists, and other important watchlists at pertinent intervals, Napier’s Client Screening solution will significantly improve IQ-current EQ’s systems. Additionally, the AI capabilities will aid IQ-EQ in
The launch of Bitget Insights, a brand-new feature, has been announced by Bitget, the top cryptocurrency exchange in the world. Through the Bitget exchange, the functionality links social networks and social commerce. The launch represents the next development in Bitget’s cryptocurrency social trading project, which aims to help both novice and experienced traders. Traders will
