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Nium | October 25, 2021

Nium, a leader in global payments and card issuance for businesses, today launched the fintech industry's first global Crypto-as-a-Service (CaaS) solution and announced the extension of its Banking-as-a-Service (BaaS) solution to the U.S. Initial API-based elements from the new Crypto-as-a-Service offering will allow financial institutions to add in-demand capabilities for cryptocurrency investment. The cryptocurrency investment services will support five cryptocurrencies in the U.S. in 2021...

CORE BANKING

Fieldpoint Private | July 29, 2022

Fieldpoint Private, the fast-growing private bank serving entrepreneurs, families, businesses and institutions, received three honors from the Global Private Banking Innovation Awards, 2022. The firm was recognized as Best Boutique Private Bank – global, Best Pure Play Private Bank - United States, and honored in the Strategy and Technology award category for Most Innovative Business Model. Collectively, the awards recognize innovation in advisor capabilities, the use of tec...

CBA | April 10, 2020

Commonwealth Bank of Australia has recorded a surge in mobile payment transactions at the POS, as consumers reach for their phones to avoid touching PIN pads during the Coronavirus outbreak. Latest analysis from the bank, which draws on Visa and Mastercard data, has found digital wallet users in Australia spent $1 billion in a record number of transactions in March 2020, a 17% increase from the same month last year. Overall there were 36 million digital wallet transactions made in March - compri...

Bank of America | January 15, 2020

Bank of America Corp got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year. The Charlotte, North Carolina-based lender is especially vulnerable to rate movements because of the composition of its balance sheet. As the Federal Reserve cut rates three times last year, analysts predicted Bank of America’s earnings would suffer. The bank blunted the impact last quarter by growing loans at a rapid clip, and man...