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Things worth reading: 7th August 2024
Things we’re reading today include: The bank of Starbucks: Coffee retailer has $1.77 billion in unredeemed gift cards – MarketWatch Big UK banks need to do more to be ready for potential failure, says Bank of England | Banking | The Guardian SEC investigating Wall Street banks over ‘billions’ in lost interest payments (ft.com) Revolut……
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Global markets show recovery after Monday rout
Global markets are calming today after suffering a rout on Monday on the heels of a weaker-than-expected jobs report in the United States, and the Japanese yen’s reverse carry trade. The KBW Nasdaq Bank Index, a benchmark that tracks the performance of 24 publicly traded banks, including JPMorgan Chase, Citi, Bank of America and BNY…
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Inside the tech: nCino’s product development
The road from idea to market can be winding for a product, but tech provider nCino’s strategy is in high gear. “It’s not just about what we’re hearing from our customers, but where do we think the market is headed and what is trending that the technology enables,” Sean Desmond, chief product officer at nCino,…
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Is gold a currency or an asset?
On landing home recently, I had a run-in with the customs officer at the airport. A long and delayed flight followed by a lost bag had made my irritation levels overflow. Then, upon leaving the airport, the customs inspector asked me about my bags and I said “get lost”. BIG MISTAKE. The next thing I……
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Things worth reading: 8th August 2024
Things we’re reading today include … “Terrifying” deepfake video alert – Santander warns fraudsters will use AI | Express.co.uk UK fintech investment hits $7.3bn in H1 2024 – almost triple the amount during H1 2023 – The Accountant (theaccountant-online.com) Piling on capital isn’t preventing bank failures – The Banker Major UK banks now better prepared……
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Transactions: U.S. Bank joins forces with Billtrust for B2B payments
U.S. Bank is working with payments service provider Billtrust to provide business customers with an accounts receivable solution. The platform, called Advance Receivables, will help automate invoicing and payments along with providing custom methods for collection of invoices, Alberto Casas, head of product for U.S. Bank global treasury management, told Bank Automation News. On the…
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The growth of branches
Whilst most banks are closing branches, JP Morgan Chase are opening new ones in the USA. Why? My LinkedIn friend Arcady Lapiro, CEO and founder of Agora, explains: Wondering where JPMorganChase Chairman and CEO Jamie Dimon will be jet-setting in the next couple of weeks? Here’s a hint: think “Small Town, USA.” Kicking off today,……
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The growth of branches
Whilst most banks are closing branches, JP Morgan Chase are opening new ones in the USA. Why? My LinkedIn friend Arcady Lapiro, CEO and founder of Agora, explains: Wondering where JPMorganChase Chairman and CEO Jamie Dimon will be jet-setting in the next couple of weeks? Here’s a hint: think “Small Town, USA.” Kicking off today,……
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The growth of branches
Whilst most banks are closing branches, JP Morgan Chase are opening new ones in the USA. Why? My LinkedIn friend Arcady Lapiro, CEO and founder of Agora, explains: Wondering where JPMorganChase Chairman and CEO Jamie Dimon will be jet-setting in the next couple of weeks? Here’s a hint: think “Small Town, USA.” Kicking off today,……
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The growth of branches
Whilst most banks are closing branches, JP Morgan Chase are opening new ones in the USA. Why? My LinkedIn friend Arcady Lapiro, CEO and founder of Agora, explains: Wondering where JPMorganChase Chairman and CEO Jamie Dimon will be jet-setting in the next couple of weeks? Here’s a hint: think “Small Town, USA.” Kicking off today,……