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Technology spend up 5% at State Street

BankInovation

State Street Bank spent $423 million on technology and communications in the first quarter, up 5% year over year but down 3% from the Q4 2021 as the Boston-based bank continues to focus on tech infrastructure.

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2021 GonzoBanker Awards

Gonzobanker

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

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Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 27, 2021 was 60.4%. billion at September 30, 2021. billion at September 30, 2021. It has been an industry darling due to its dedication to technology experimentation. Silvergate Capital Corporation (NYSE: SI) #2.

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Central banks raising interest rates makes it harder to fight the climate crisis | Thomas Ferguson and Servaas Storm

TheGuardian

Higher rates slow the renewable energy transition and shield oil and gas producers from competition by low-carbon producers In late 2021, consumer price inflation surged in many countries. Prices shot up again following Russia’s invasion of Ukraine in February 2022.

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Fed’s Powell: CBDC Will Be Years, Not Months, Away

PYMNTS

Despite that, there have been early studies of such payment methods at the central bank’s Boston location, CoinDesk reported. According to Powell, the Fed is “investing heavily” in the technology and is looking into the policy questions posed by CBDCs. The report speculated that CBDCs could see major progress in 2021.

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The Week In Happiness: Brought To You By Dancing Robots

PYMNTS

At PYMNTS, we’ve long bemoaned that with all the technological advances making machines better at tasks we don’t really want to do ourselves, we still don’t have robot butlers to call our own. In it, a series of Boston Dynamics robots definitively answer the question: Do you love me, now that I can dance? Yes, we do.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . But as with any nascent payments technology, the bad guys are always lurking – especially with cryptos, where anonymity is prized.