Spotware Systems

Financial Management, Fintech

PRnewswire | March 21, 2023

Bitstamp, the world's longest-running crypto exchange, announces today that it is expanding its white-label service to institutions in selected APAC markets. Banks, payments and fintech companies, or investment firms looking to fast-track their digital assets offerings to customers can choose from one of three plug-and-play service tiers. The offering covers a range of needs, such as order matching, liquidity for a wide range of crypto markets, regulatory-compliant AML/ (Know-your-cust...

Investment Management

Wells Fargo & Company | December 14, 2021

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced an agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange (FX) transactions. Through this agreement, Wells Fargo and HSBC will jointly use a shared settlement ledger to process US dollar, Canadian dollar, British pound sterling and Euro transactions with plans to extend the platform to settle additional currencies in the near future. Utilizing blockchain technology, this solut...

Reuters | April 09, 2020

How much money will U.S. banks lose on loans because of the coronavirus recession? Analysts and investors have been struggling to come up with an answer – or at least a reasonable guess – ahead of quarterly reports from JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N), Wells Fargo & Co (WFC.N), and Citigroup Inc (C.N) next week. Wall Street estimates have changed dramatically from a month ago. Then, analysts called for big bank earnings per share to rise in the first...

Investment Management, Fintech

PR Newswire | August 16, 2023

LoanPro, the market-leading modern lending platform, today announced its strategic minority equity investment in TrueNorth, a leading global financial technology services company. This momentous step further solidifies the strong partnership between the two companies, driving innovation and delivering enhanced value to their customers in the financial services industry. A recent survey by The Financial Brand revealed that 75% of financial institutions plan to increase their inno...