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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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North Lane, daVinci Payments Finalize Merger; Form Syncapay

PYMNTS

Pennsylvania-based North Lane manages client, staff and business payouts and disbursements throughout the Fortune 500, while Illinois-based daVinci Payments provides business funded payments. North Lane Technologies was known as Wirecard North America in the past.

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. area, Philadelphia and Boston.

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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

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NXTsoft Names Chuck Diulus as Chief Revenue Officer

Bobsguide

Diulus, a graduate of The Pennsylvania State University, has over 30 years’ experience in EFT, banking and Fintech industries. He has held a variety of sales and management positions for Mellon Network Services, Elan, Fiserv, FIS and other industry-leading companies. About NXTsoft.

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Vanguard’s Ant Tie-Up Attracts 200,000 Chinese Investors In 100 Days

PYMNTS

Vanguard, based in Pennsylvania, has over 30 million clients globally and plans to work with Ant Financial’s 900 million users in China to offer low-cost financial advice. The asset management industry in China is still in fledgling stages, but regulators in Beijing are looking to change that now. trillion as of the end of June.

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New Unemployment Claims Down 48K To 709K

PYMNTS

The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. Combined, first-time claims were one million last week. Continued jobless claims — people filing for more than two weeks in a row — were 6.8 The highest insured unemployment rates in the week ending Oct. and Alaska (6.1).