JPMorgan subsidiary Neovest Holdings has acquired investment management company LayerOne Financial for an undisclosed sum.  Neovest, a fintech for brokers and dealers, will now be able to help clients monitor portfolios, conduct risk assessments and send orders to their brokers, it stated in a March 1 release.   “Neovest can enable clients to manage their…

James Dean, global generative AI specialist and financial services industry lead at Google Cloud, will speak at Bank Automation Summit U.S. 2024 on Monday, March 18, at 3:15 p.m. CT.  Dean will join the panel “RPA: New approaches and techniques” with Luther Liang, director of product at Grasshopper Bank; David Lyons, intelligent automation program manager…

Things we’re reading today include … So much for the challenge from ‘challenger’ banks | The Guardian Monzo bank in money laundering rules investigation – BBC News Nationwide’s Virgin Money takeover shows how incredibly difficult it is for mid-tier banks to take on the big four lenders | Sky News From start-up to unicorn –……

TD Bank is targeting microbusiness payments with the launch of its Tap-to-Pay solution that helps turn iPhones into point-of-sale machines.  The solution will be rolled out across the U.S. and will target businesses with an annual revenue of less than $100,000 to provide an inexpensive point of service (POS), according to a release from the…

Academy Bank is investing in AI this year to ensure that its operations are more efficient and more useful for the end user.  “Our top goal for the year is to innovate for success, and AI is really at the center of that,” Chief Executive Paul Holewinski told Bank Automation News.  Academy is owned by…

For the past decade, Jamie Dimon has regularly been decrying bitcoin as a scam. Here’s a few of his quotes: Jamie Dimon tells Davos that Bitcoin is a ‘pet rock’ that does nothing—except help with fraud and money laundering Jamie Dimon lashes out against crypto: ‘If I was the government, I’d close it down’ JPMorgan……

Things we’re reading today include … Fed likely to make ‘material’ changes to controversial bank capital proposals, Jay Powell says (ft.com) New York Community Bank shares double after it announces vital $1 billion investment and new leadership – rebounding from a 40% plunge earlier in the day | Daily Mail Report: European climate fintech startups……

You may or may not know Cornerstone Advisors. If you don’t, you are missing out on major news! They are my favourite bank consulting service in the USA ever since I subscribed to their newsletter Gonzo Banker, years ago. They also have two of my favourite people in the banking world on their staff: Ron Shevlin,……

You may or may not know Cornerstone Advisors. If you don’t, you are missing out on major news! They are my favourite bank consulting service in the USA ever since I subscribed to their newsletter Gonzo Banker, years ago. They also have two of my favourite people in the banking world on their staff: Ron Shevlin,……

You may or may not know Cornerstone Advisors. If you don’t, you are missing out on major news! They are my favourite bank consulting service in the USA ever since I subscribed to their newsletter Gonzo Banker, years ago. They also have two of my favourite people in the banking world on their staff: Ron Shevlin,……