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Payments

Contis, Mastercard | December 08, 2020

Leading European payments fintech Contis today announced its partnership with Mastercard as a principal giving part. Through this partnership, Contis conveys an exhaustive start to finish Banking-as-a-Service (BaaS) platform including direct access to both of the world's leading global payments organizations, accepted by a large number of merchants around the world. The addition of Mastercard speaks to another progression in Contis Group's development as a global backer an...

JPMorgan | March 02, 2020

Banks likely hold the equivalent of $1.2 trillion worth of short positions in 10-year Treasuries, suggesting any rebound in yields could be capped if they cover their bets, according to JPMorgan Chase & Co. Expectations in 2018 for interest-rate rises from the Federal Reserve led banks to position themselves short duration, wrote strategists including Matthew Jozoff in a note Feb. 28. The recent “vicious” rate rally has exacerbated this already painful positioning and the financi...

Core Banking, Digital Banking

PRweb | April 18, 2023

iuvity, a cloud-first digital banking and open service platform provider, announced today the availability of its new digital banking solutions built with micro frontend technology that enables financial institutions to rapidly deploy and easily maintain comprehensive, personalized banking experiences. The first of its kind in the U.S., iuviBANKING establishes a new standard and pace for innovation in financial services. Micro frontend (MFE) technology has been widely adopted by...

Wall Street | January 23, 2020

Stocks tumbled on Wall Street amid a mixed bag of corporate earnings and growing concern at the spread of the coronavirus, after China quarantined the city at the heart of the outbreak and authorities confirmed more cases in new countries. The Dow Jones Industrial Average (DJI) fell 110 points, or 0.4%, by 10:45 AM ET (1545 GMT) to 29,075.54 points. The S&P 500 (SPX) ofell 0.3% and the Nasdaq Composite (IXIC) dropped 0.1%. The authorities closed down public transport into and out of Wuhan an...