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Nymbus | March 31, 2020
Florida-based digital and core banking solution provider Nymbus has launched a new programme to help financial institutions faster process the loans US government is entrusting them to distribute to small businesses as part of its coronavirus relief package. As part of the $2 trillion Coronavirus Aid, Relief and Economic Recovery (CARES) Act, US president Donald Trump has set aside $349 billion for Small Business Administration (SBA) ‘Paycheck Protection’ loans. These are designed to...
Core Banking, Digital Banking
PRnewswire | April 19, 2023
London-based Fintech Lanistar Limited is preparing for launch in the UK, which is expected to take place this Spring, 2023. Over the last two years Lanistar has invested heavily in building a winning proposition in Latin America (LATAM) and has successfully launched in Brazil with over 41,000 customers on-board. This is the result of important investments in both their technology but also the team now headed by Jeremy Baber a financial services veteran (ex-GE Capital, Aldermore Bank and Li...
JPMorgan | February 26, 2020
JPMorgan chief Jamie Dimon says the bank will pursue an aggressive M&A strategy to see off the threats posed to its business by Big Tech giants and smaller fintechs. Speaking at the New York-based bank’s annual investor meeting, Dimon said: “We are looking, and we will be much more aggressive with acquisitions across the board. “You’re going to get some form of competition from Apple, Amazon, Facebook, Google, WeChat, Alipay; you’re going to get it across paymen...
Wall Street | April 13, 2020
Wall Street’s main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic. JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) will kick off the reporting season on Tuesday, with analysts expecting an uptick in trading revenue to be offset by declines in other businesses and a bleak outlook for the rest of 2020. The S&P banking subsector. SPXBK shed 2.5%, while the broader fina...
Financial Management, Investment Management
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