article thumbnail

Chapter 11 Watch: Austin Reed Bids Farewell, Staples Plots A New Course

PYMNTS

brands like apparel retailer Austin Reed, though, the weight of all that financial baggage is too much to crawl out from under. According to Mars Super Markets, whatever the odds are, they aren’t in its favor. For some U.K. ” Chalk it up to another apparel retailer lost to the new fabric of fast fashion.

Austin 100
article thumbnail

Thomson Reuters Unveils Bitcoin Chatter Gauge

PYMNTS

Austin Burkett, global head of Quant and Feeds at Thomson Reuters, said, “News and social media are driving the investment and risk management process more than ever with the continuing rise of passive and quant-driven trading.”. The recent declines also came as the U.S.

Bitcoin 102
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

article thumbnail

10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. The law firm of Sidley Austin held a session on the CFPB’s uniqueness.

article thumbnail

The Data Differentiator In Compliance

PYMNTS

Banks and financial institutions spend billions of dollars to ensure they are meeting compliance requirements and properly managing risks. It’s satisfying key regulatory requirements, but at the end of the day it’s not providing the insight around managing your risks that it should.”.

article thumbnail

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

The second biggest round was also in the insurance arena, as Sweden’s BIMA (aka Milvik ) raised $38 million for its micro-insurance products in emerging markets. Mobile insurance provider in emerging markets. Fortress Risk Management. Enterprise risk management services for financial institutions.

Company 12
article thumbnail

Q2 Acquires Social Money in $10 Million Deal

Fintech Labs Insights

Matt Flake, president and CEO of Q2, said the “strategic” acquisition will help its customers “expand their reach, grow market share, and engage account holders.” In July, Q2 Holdings acquired anti-fraud, risk management specialist, Centrix Solutions for $20 million.

Iowa 12