JK Technosoft Limited

Wall Street | January 17, 2020

Wall Street indexes hit new record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. Market sentiment brightened this week after the United States and China sealed the Phase 1 trade deal, pausing an 18-month tariff dispute that has weighed on financial markets globally. The main indexes were on track to end with weekly gains of over 1.5% in what could be their strongest performance in 2020. Earlier in the day...

Investing.com | April 06, 2020

The cost of swapping euros and sterling for dollars in FX swap markets fell on Monday to the lowest in over a decade in a sign of success for central banks' operations, though some other indicators imply money market stress has not wholly dissipated. The swap moves follow a series of policy efforts to squelch the strains in dollar funding markets, including the U.S. Federal Reserve's dollar swap lines for many foreign central banks and offer of temporary 'repo' facilities for oth...

Investment Management, Payments

Peach | December 12, 2022

Peach Finance, the leading modern loan management and servicing technology platform, today announced that it has joined the Mastercard Engage Partner Network as a fintech enabler to help bring consumers more payments choices. The partnership is currently focused on supporting lenders in developing buy now, pay later (BNPL) solutions leveraging the Mastercard Installments program. BNPL is growing rapidly, with a projected e-commerce transaction value of $7.2T by 2025. But one of th...

finextra | March 20, 2020

More US banks are following the lead of JPMorgan Chase in restricting access to branch-based services as social distancing measures during the virus outbreak come into force. KeyCorp, Fifth Third Bancorp, BBVA USA and PNC have all announced plans to shutter branches and restrict access at many of their sites to the drive-through window only. The moves came a day after JPMorgan circulated plans to shutter a fifth of its branch network, comprising 1000 outlets, in response to the escalating Corona...