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Uncovering the higher truth of Jay Shetty
Celebrities call him ‘amazing’ and fans pay thousands – but what exactly do they get from this self-help guru with an iffy origin story? On 20 August 2022, Jennifer Lopez and Ben Affleck got married at Affleck’s 87-acre countryside estate in Savannah, Georgia. The nuptials were the closest thing the US had to a royal…
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Uncovering the higher truth of Jay Shetty
Celebrities call him ‘amazing’ and fans pay thousands – but what exactly do they get from this self-help guru with an iffy origin story? On 20 August 2022, Jennifer Lopez and Ben Affleck got married at Affleck’s 87-acre countryside estate in Savannah, Georgia. The nuptials were the closest thing the US had to a royal…
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Things worth reading: 28th February 2024
Things we’re reading today include … Debanking fears as over 140k business accounts closed | Sky News Stablecoins win 60% of crypto volume as soaring coins lure bets on reliability – DL News Asset servicing industry news | BNP Paribas and Citi invest in United Fintech (assetservicingtimes.com) Greening the Bank of England’s Collateral Framework –……
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Fintech giant Stripe’s valuation spikes to $65B in employee stock-sale deal
Payments infrastructure giant Stripe said today it has inked deals with investors to provide liquidity to current and former employees through a tender offer at a $65 billion valuation. Notably, the valuation represents a 30% increase compared to what Stripe was valued at last March when it raised $6.5 billion in Series I funding at…
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Canadian transactions: RBC acquisition of HSBC Canada set to close March 28
Royal Bank of Canada’s deal to acquire HSBC Canada for $10 billion, announced in November, is expected to close on March 28. The bank announced last quarter that conversion activities would likely begin April 1, according to an RBC release. Expenses were up 6% year over year, “adjusting for the acquisition and integration-related costs to…
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National Bank of Canada prioritizes cost management in Q1
National Bank of Canada focused on cost management and overall efficiency as it boosted tech spend and pulled back on headcount in the first quarter of 2024. Tech spend grew 3.6% year over year to $CA259 million ($190 million) for the quarter ended Jan. 31 as the bank continued to invest in technology across…
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What bank execs are saying about embedded finance
LONDON — Will embedded finance technology usher in a new era of banking, or is the impact of the technology overblown? Bank executives from ClearBank, Deutsche Bank and Raiffeisen Digital Bank weighed in at FinovateEurope this week. ClearBank Head of Embedded Banking Paul Staples at $3.4 billion ClearBank said that many organizations have embedded…
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Things worth reading: 29th February 2024
Things we’re reading today include … HSBC is paying salaries like a Wall Street bank now (efinancialcareers.com) Jeremy Hunt to announce UK government sale of NatWest shares | The Guardian Is bitcoin back? Price suddenly surges as investors flock to crypto | The Independent What bank execs are saying about embedded finance | Bank Automation……
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Is a cashless world OK?
There has been a movement over the past years to create a cashless world. Is that OK? It’s debatable. One of the big things about cash is that it represents society. In Europe, the euro notes mark major landmarks; in the UK, the bank notes recognise major figures from Britain’s history; in the USA, legends……
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Quantum tech can increase trading speed by 15% to 20%
Quantum tech provider Quantum Dice has developed hardware to make financial services operations faster and more efficient. The Oxford, U.K.-based company’s hardware can increase the accuracy in statistical modeling, speeding processes like trading activities and risk assessment by 15% to 20%, Annika Moslein, technical project manager at Quantum Dice, told Bank Automation News Feb.…