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Things we’re reading today include … JPMorgan casts doubt on SEC approval for Solana and other crypto ETFs | The Block Starling investor eyes £10bn valuation for bank as tech business takes off (cityam.com) Digital bank buys out specialist buy to let mortgage … (introducertoday.co.uk) ABN AMRO to Buy Private German Bank for EUR672 Million……

I often come back to the trough of banking licenses, but if banks didn’t have banking licenses, why would we need them? A banking license is not just about compensation and insurance schemes, but about trust, trade, risk, regulation and returns. More than this, once a bank has a license it can lend, something an……

Jean-Marc Thienpont, managing director of omnichannel and biometric solutions at J.P. Morgan Payments, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Tuesday, Oct. 8, at 10 a.m. GMT +1.  The summit takes place Oct. 7-8 at the Hilton Frankfurt in Frankfurt, Germany, and brings together industry experts to discuss…

Lia Cao, global head of embedded finance and solutions at J.P. Morgan Payments, is focused on meeting consumers where they want to be met through integrated banking services.   “Consumer demand is driving significant interest in embedded banking and alternative payment methods,” Cao told Bank Automation News.  To keep up with demand, J.P. Morgan Payments offers…

Scotiabank saw digital adoption among customers and its tech spend tick up during its fiscal second quarter 2024.  The Toronto-based bank reported active mobile users increased 10% year over year to 4.3 million, while its digital adoption rate increased 2.7% YoY to 64.5% in Canada in the quarter ended April 30. The $1 trillion bank…

Things we’re reading today include … Fintech N26 says regulatory action cost it ‘billions’ in lost growth (ft.com) A (not so) brief ‘criminal’ history of the ECB  – POLITICO Blockchain Technology Can Help Banks Weather Margin Pressure, Deutsche Bank Says – Bloomberg Shaping the future of Digital Banking (danskebank.com) Five Things to Watch as Synapse……

I got into a new debate yesterday, talking with two guys who are formerly with big card companies (shush, you know who), and we started debating the four-pillar model that’s been around for the last half century. The model is the basis of the card industry and involves acquiring merchants, issuing cards through banks, and then……

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,”…

BMO continued to deliver on its digital-first agenda during its fiscal second quarter 2024 with AI, data and overall modernization at the forefront of its efforts.   “We’re using agile practices to accelerate time to market, deploying increasingly sophisticated data and analytics, including AI, and leveraging cloud engineering to drive modernization and deliver more, faster,…