article thumbnail

UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay FrozenĀ 

PYMNTS

The report said firms such as Pockit, the London-based financial technology company that offers an alternative to traditional banks, and U Account, the Sheffield, England digital bank, a subsidiary of subprime lender Morses Club PLC that provides finance to poorer clients, are among those hardest hit. authorities.

Taxes 223
article thumbnail

These Are Your Most Profitable Cash Management Clients

South State Correspondent

In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. For starters, a customer may carry large balances but not generate franchise value if those balances are all in high-paying money market accounts or are highly volatile. However, that is not purely the case.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How will the Apple Watch and other tech evolutions impact banking?

Abrigo

Itā€™s not just the technology industry that is constantly evolving ā€“ many other industries must also remain adaptable to the changing landscape of the American consumer. Then the marketers must promote that message to both existing and potential customers. One such industry is banking.

Apple 150
article thumbnail

House Financial Services Committee to hold Sept. 26 hearing on real-time payments

CFPB Monitor

The House Financial Services Committee’s Task Force on Financial Technology will hold a hearing entitled ā€œThe Future of Real-Time Payments,ā€ at 2:00 p.m. on Thursday, September 26, 2019. There will be a live webcast of the hearing.

article thumbnail

More on Comptroller Curryā€™s remarks at LendIt USA conference

CFPB Monitor

Alan has now written an article published in BankThink, American Bankerā€™s ā€œplatform for informed opinion about the ideas, trends and events reshaping financial services,ā€ that urges the OCC to issue a rule to address Madden. As Alan demonstrates in his article, there is clear OCC and U.S.

article thumbnail

Fintech Deals to Watch: Fall Festivities

Gonzobanker

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ).

Fintech 103
article thumbnail

Celent Model Bank Awards 2017: Banking Products Innovation

Celent Banking

This is the next article in a weekly series highlighting trends and themes from Celent’s Model Bank submission process. This week’s article focuses on Model Bank entries in the Products category. Part of the criteria for this category is that the solution needs to be in production and demonstrating business benefits.