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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. As such, operating accounts have low-interest rate sensitivity.

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. As the center of the American financial landscape, it is probably not surprising that New York was the first state to implement regulations specifically designed to cover cryptocurrency activity.

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New York Regulator Fines Pakistani Bank $630M

PYMNTS

The New York State Department of Financial Services (DFS) is looking to fine Habib Bank Ltd (HBL) nearly $630 million for failing to comply with state and federal laws at its only U.S. Reuters reported news that if the fine is imposed, it would be the largest ever faced by a Pakistani bank.

New York 102
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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. In 2019, it expanded by buying its fourth branch from a competitor.

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Deep Dive: Cloud Inventory Management Can Solve Back-of-House Woes

PYMNTS

Inventory management is a constant struggle for many businesses, particularly QSRs. One notable inventory management challenge occurred last year when the fried chicken QSR chain Popeyes introduced a new chicken sandwich. We made a decision to stop, but technically, it wasn’t a decision. There was no alternative.”.

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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

-based digital payments firm, has increased its valuation to $15 billion following the closing of a Tiger Global Management-led $450 million Series C funding round. Checkout.com, which was started in 2012, recently brought an office to New York City. Pakistan Launches Payment System To Boost Financial Inclusion.

Detroit 135
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Visa’s Authorize.Net To Provide SMBs With Offer On Super Bowl Sunday

PYMNTS

Visa , which is the official payment technology partner of the National Football League (NFL), will provide small- to medium-sized businesses (SMBs) with a one-day offer that will waive some of the costs connected with getting online and taking digital payments on Super Bowl Sunday (Feb. 7), according to a Tuesday (Feb.

Tampa 211