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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.

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Goldman spinoff Simon tops $800 million as WestCap invests

BankInovation

Simon Markets, a financial-technology platform that spun out of Goldman Sachs Group Inc., The funding round will enable the New York-based firm, which counts financial advisers as users, to expand into alternatives like private equity and hedge funds, as well […].

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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

EedenBull, which is based in Norway, Scotland and Singapore, launched its commercial card platform in May to support financial institutions’ management of their own business cards and integrated rewards programs. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump. Galileo Launches Contractor Pay Card.

Cards 208
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Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. of India (NPCI).

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TS Imagine Announces Strong Growth and Senior Hires as Demand Surges

Bobsguide

• The financial technology firm expands bookings by 300% in H1 2022 versus prior period. Company hires nearly 100 new staff globally in H1 2022, including senior appointments to support expansion. Piuter Kogan, Global Head of Infrastructure : Based in New York. He previously worked for IG, UBS, and Credit Suisse.

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Bitcoin Daily: Speedy Crypto Exchange Launched By Former Morgan Stanley Developers; Starling Bank Co-founder Joins Winklevoss’ Gemini Trust

PYMNTS

He added that Phemex “can manage 300,000 transactions per second, as well as deliver an order entry and response time of less than one millisecond.”. In other news, Gemini Trust , the crypto exchange founded by Cameron and Tyler Winklevoss, has hired Julian Sawyer, the co-founder of U.K. These things will just take time.”.

Bitcoin 131