Kenanga Group

Wells Fargo | March 04, 2020

Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set limits on the amount of fees that can be charged to customers. One account will limit overdraft fees to once per month and will come with checks, while the other type of account will have no overdraft fees and will not come with checks, Bloomberg reported. The account with limited overdraft fees will come at the cost of $10 a month, while the option withou...

Mobile Banking, Payments

Mastercard | October 10, 2022

Businesses often struggle with visibility into how and where they spend money and with which suppliers. In a recent poll of treasury professionals, 91% of respondents noted they still used spreadsheets for forecasting1. To address this need, Mastercard today announced the launch of Global Treasury Intelligence, a cloud-based analytics platform that enables organizations to execute more effective and sustainable financial strategies, and support corporate priorities such as cash management, risk ...

Financial Management, Fintech

PRnewswire | July 26, 2023

Trintech, a leading global provider of cloud-based financial close solutions for the Office of the CFO, today announced its acquisition of Frontier™ Reconciliation and Accurate™ Reconciliation from Fiserv (NYSE: FI), a leading global provider of fintech and payments solutions. Serving customers across multiple verticals including financial services, telecommunications, retail, insurance and utilities, the acquired reconciliation business will act as a springboard for innovation...

JPMorgan | January 20, 2020

JPMorgan Chase & Co (JPM.N) is the latest investment bank to significantly expand its Paris hub as part of plans to relocate some services from London after Britain’s exit from the European Union, snapping up new premises in the French capital. JPMorgan would have said “No” to a Paris move back in 2016, its French executive told Reuters, but government-led labor law and taxation reforms made it review its stance. The U.S. bank said it plans to buy a building in central Pari...