Banking Finance and Insurance Institute of Nep

PAYMENTS

Customers Bank, Tassat | May 22, 2021

The subsidiary of Customers Bancorp, Inc. a bank holding firm named as Customers Bank joins hands with Tassat, a leading supplier of blockchain solutions for digital payments. They announced today that Customers Bank will use Tassat's proprietary platform TassatPay® Network, which includes real-time B2B payments and convergence between digital and legacy payment rails. The collaboration would result in improved payments capabilities for the bank's company clients as well as low-cost ...

The Wall Street Journal | January 30, 2020

Banks in the U.S. would no longer face limits on ownership stakes in venture capital funds under a proposal put forth on Thursday by regulators including the Federal Reserve. The proposal to remove a 3% cap on such stakes is the latest step to ease a set of regulations known as the Volcker rule, which were enacted after the 2008 crisis in a bid to strengthen the financial system and reduce the chance of taxpayer-funded bailouts....

Arcesium | January 17, 2020

Arcesium, an investment management technology and professional services firm, has secured an investment from JP Morgan. The investment deepens Arcesium’s strategic partnership with JP Morgan, including their Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners. Terms of the investment were not disclosed. “We appreciate the additional vote of confidence demonst...

CORE BANKING

Leveris, Marqeta | May 06, 2021

LEVERIS, a financial technology provider, has announced collaboration with Marqeta, a global card issuance platform, to incorporate its modern card capabilities into the LEVERIS digital banking platform. The collaboration enables LEVERIS to rapidly develop, issue, and roll out new payment and finance services via card products. It will enable banks and non-banks using the LEVERIS platform to give card users more spending power and a better customer experience. The L...