banking industry news
- Banking
WTH are ZKPs? Making blockchain transactions private
Distributed ledger technology (DLT) underpins many fintech applications, from cryptocurrencies and other digital assets such as non-fungible tokens (NFTs), to…
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Fintech start-up April lands $30m to grow its embedded tax platform
New York-based fintech start-up April, which offers a personal income tax platform that embeds into digital financial apps, has landed…
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Indian revenue-based financing firm GetVantage bags $36m funding
GetVantage, an Indian revenue-based financing platform for small and medium-sized enterprises (SMEs), has raised $36 million in a growth funding…
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Earnings Season Preview: Marten Transport Near Buy Zone With EPS Due
If you’re trying to build your earnings season watch list by looking for stocks setting up in a base ahead…
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Chart Industries Meets 80-Plus Relative Strength Rating Benchmark
On Friday, Chart Industries (GTLS) received an upgrade to its Relative Strength (RS) Rating, from 78 to 85. X As…
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Stocks Showing Improved Relative Strength: Casella Waste Systems
Casella Waste Systems (CWST) had its Relative Strength (RS) Rating upgraded from 68 to 71 Friday — a welcome improvement,…
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Top-Rated Stocks: Summit Financial Sees Composite Rating Climb To 96
On Friday, Summit Financial (SMMF) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. X The…
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BWX Technologies Clears Technical Benchmark, Hitting 90-Plus RS Rating
On Friday, BWX Technologies (BWXT) cleared an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus…
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The Chemours Company Clears Technical Benchmark, Hitting 80-Plus RS Rating
On Friday, The Chemours Company (CC) reached an important technical milestone, with its Relative Strength (RS) Rating rising into the…
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How banks can protect customers from impersonation fraud
Impersonation fraud is rising at an alarming rate. Impersonation fraud is on the rise TSB recently warned consumers to be…
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Stocks With Rising Relative Strength: Jacobs Engineering Group
On Friday, Jacobs Engineering Group (J) got an upgrade to its Relative Strength (RS) Rating, from 69 to 73. X…
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nVent Electric Earns IBD Rating Upgrade
In a welcome move, nVent Electric (NVT) saw its Relative Strength Rating improve from 68 to 71 on Friday. X…
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Stocks To Watch: Sylvamo Sees RS Rating Rise To 91
Sylvamo (SLVM) had its Relative Strength (RS) Rating upgraded from 80 to 91 Friday. X As you try to find…
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How To Buy Stocks: Accumulation/Distribution Rating Reveals Professionals’ Moves
While there are multiple ways to buy stocks, following what Wall Street giants are doing sure helps. IBD has a…
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CEOs Learn To Love Remote Workers, For Now
Speaking at a recent conference, Starbucks (SBUX) Chief Executive Howard Schultz showed frustration at the number of workers opting to…
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WD-40 Stock, Helen Of Troy Aim To Impress With Upcoming Earnings Reports
Most Wall Street firms just closed their books on the second quarter, with earnings season really kicking into gear during…
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How This Medical IPO Is Outplaying The Tumbling Market
One of Privia Health‘s (PRVA) executives likens the business to the Uber (UBER) of managed care — a fact that…
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Taming AI algorithms — finance without prejudice – FinTech Futures
When the computer says ‘no’, is it doing so for the right reasons? Human biases all too readily creep into…
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Dow Jones Turns Lower; China EV Stocks Fall Despite Record Deliveries
The Dow Jones Industrial Average reversed lower early Friday. The S&P 500 and Nasdaq composite also initially spiked but then…
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New Zealand gets first digital home loan platform Tella – FinTech Futures
A new online mortgage broker platform, Tella, has launched in New Zealand. The start-up says it’s the country’s first digital…
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Up 59% In 7 Weeks, This Biotech Leader Hits New Buy Zone
IPO stock leader Harmony Biosciences (HRMY) is just out of buy range past its latest buy point after a 59%…
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Indian B2B e-commerce platform Solv raises $40m Series A
Indian B2B e-commerce platform Solv has raised $40 million in a Series A funding round. Solv lands $40m Series A…
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NorthCoast Asset: Cash Was King For ETFs In the Second Quarter
NorthCoast Asset Management dialed back the equity exposure of its ETF portfolios in the second quarter, as markets continued to…
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Managed Care Industry Outperforms Market, Part Of Health Care Sector Holding Up
Despite market weakness, one of the industries holding up particularly well has been IBD’s Medical-Managed Care group, currently ranked No.…
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Stocks In The Red To Start Quarter; Semis Are Hit Hard
The major stock market indexes are all slightly in the red in afternoon trading, flat-to-up from the last hour, but…
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Credit-building start-up StellarFi launches web app in the US
Fintech start-up StellarFi has announced the launch of its credit-building web app in the US. StellarFi launches in the US…
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Enphase Energy Stock Joins Rank Of Stocks With RS Ratings Over 90
On Friday, Enphase Energy (ENPH) stock cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the…
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Sustainable neobank Ashman lands UK banking licence
Birmingham-based sustainable challenger Ashman has received an authorised with restrictions (AwR) UK banking licence. Ashman receives restricted banking licence The…
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Atlantic Money secures payment institution approval in Belgium, eyes EU
UK-based money transfer fintech Atlantic Money has received approval to operate as a payment institution from the National Bank of…
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Stocks Strengthen Late; 5 Biotech Stocks To Watch Now
Buyers lifted the major stock indexes to session highs in late-afternoon trading Friday ahead of holiday weekend. McDonald’s (MCD) was…
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Amazon Amps Up Its Prime Day And Plans Another During Fall
The annual sales extravaganza known as Amazon Prime Day is back to its regularly scheduled program, following a number of…
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OBIE report shows open banking and cloud accounting benefit SMEs
The Open Banking Implementation Entity (OBIE) has published its latest report which shows small and medium-sized enterprises (SMEs) find cloud…
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Big Pharma Large Cap Teams Up With HCA For Oncology Research
Major drug distributor McKesson (MCK) has announced a joint venture for oncology research with HCA Healthcare (HCA). Meanwhile, large-cap stock…
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Aussie challenger Volt to shutter – FinTech Futures
Australian digital bank Volt has announced it is shutting down after failing to raise sufficient funds to support the business.…
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I’m just saying… Can you compose your bank? – FinTech Futures
Increasingly core banking vendors are jumping onto a new bandwagon called “composable banking”. A quick Google search and the earliest…
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Fed officials pledge ‘unconditional’ dedication to lowering inflation.
Federal Reserve officials on Thursday signaled a deep commitment to wrestling down the highest inflation in more than four decades,…
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The next frontier in global payments goes beyond borders
One of the more interesting innovations within fintech to watch has been the technology that connects consumers to merchants. How…
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ICYMI funding round-up: Mapan, Ophelos, Lista, Vibrant and Singletrack
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced…
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Singapore’s Funding Societies acquires paytech CardUp – FinTech Futures
Funding Societies, Southeast Asia’s largest SME digital financing platform, is set to acquire regional payments solution CardUp for an undisclosed…
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This Startup Nearly Doubled China EV Sales In Q2
China EV sales boomed in the second quarter for the country’s emerging automakers, as Covid headwinds to production ease. Xpeng…
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Fresh Fed financial disclosures omit the officials who ignited ethics scandal.
The Federal Reserve did not disclose updated financial information for two former regional bank presidents whose trading ignited a scandal…
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Citi, Bank of America lead launch of open-market electronic trading platform | Bank Automation News
Seven financial services powerhouses, led by Citi and Bank of America, launched an independent company this week to create the…
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IBD Live Q&A And Two Key Stock Lists For July 1, 2022
Question Answer Good morning. Is there an issue with EIBD and the big picture. I can’t log in and see…
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RBC looks beyond Toronto for tech hires in tight labor market | Bank Automation News
Royal Bank of Canada is building up technology centers across Canada, beyond its Toronto headquarters, to help attract skilled workers…
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Crypto Week: Bitcoin Keeps Falling Amid Liquidations, Fire Sales
Bitcoin resumed its slide this week and the crypto winter is getting colder. More crypto funds and lenders are on…
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Russia Misses Bond Deadline, Signaling Its First Default on Foreign Debt Since 1918
Russia missed a deadline for making bond payments on Sunday, a move signaling its first default on international debt in…
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First quarter GDP (final) shrinks 1.6% | ABA Banking Journal
Real GDP decreased at a seasonally adjusted annual rate of 1.6% during the first quarter of 2022, according to the…
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Bear Market News And How To Handle A Market Correction
BEAR MARKET UPDATE: The Nasdaq and S&P 500 marked a follow-through day on June 24 with big gains in higher…
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CFPB issues advisory opinion on pay-to-pay, convenience fees | ABA Banking Journal
As part of its ongoing efforts to address so-called “junk fees,” the CFPB today issued an advisory opinion stating that…
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Otter Tail Stock Tops Buy Point As Fundamentals Remain Strong
Otter Tail (OTTR) is a provider of electric utility services in Minnesota, North Dakota and South Dakota, and it’s a…
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