American Banker has released their list of the most powerful women in banking under 40; the 15 women are from...
The most recent report on US consumer credit shows credit card debt reaching a new high and surpassing the previous peak reached in 2008; outstanding credit card debt in June was $1.02 trillion; source discusses increased market competition in the credit card market; also notes higher default rates yet increased risk taking given the improved market environment. Source
American Express started making the slow transition a few years ago to cloud computing but the pandemic forced wide adoption...
Most if the talk about banks going digital has been focused on the front end customer facing tools, there is...
Venmo announced late last week a new feature called Business Profiles; the feature allows SMBs to have a profile on...
Reg. CF crowdfunding platform, Wefunder, is now accepting Bitcoin; Wefunder has taken the lead on Reg. CF crowdfunded investments accounting for 33 of 46 offerings; after numerous requests from its investors the platform has been able to incorporate Bitcoin investments; says the acceptance of Bitcoin will make it even easier to invest in early stage companies. Source
Banking and finance software specialist Temenos has worked with Baxter Credit Union to launch the Temenos Lifecycle Management Suite on Microsoft Azure; the loan platform includes modules for collection service and loan origination; its launch marks the first use of the Lifecycle Management Suite in the cloud through integration with Microsoft Azure and Baxter Credit Union says it is currently focusing on a strategic initiative to move all of its technology to the cloud. Source
The cryptocurrency space is a space we believe in,” CBOE’s chief operating officer told analysts in a call on Tuesday according to the FT; they also noted that the CBOE is in talks with the CFTC to offer futures on bitcoin; this move follows what the CME said last week that it planned to add bitcoin as well. Source.
According to data from LinkedIn there are more than 150,000 data scientist jobs that employers were unable to fill; the...
The current pandemic has shaken our world in ways most of us could not even imagine and fintech companies have...