VTB

Banking Circle | June 11, 2020

Banking Circle has rolled out virtual IBANs for marketplace sellers. Amazon pays sellers in the currency of their bank account country, hence automatically converting the money and charging 3.9% of the transaction value for sending an international payment....

CORE BANKING, FINTECH

Quaint Oak Bank | November 25, 2022

Quaint Oak Bank, a Pennsylvania-based community bank, will leverage Cable’s centralized platform to enhance financial crime compliance oversight across its fintech partner portfolio, using Cable’s suite of automated and smart tools to efficiently onboard and continuously monitor its fintech partners on a single platform. “We are excited to partner with Cable to scale our fintech sponsorship program in a safe and sound manner, Our primary responsibil...

Credit Suisse | April 03, 2020

Credit Suisse (SIX:CSGN) has a message for investors in its triple-leveraged oil ETN: Buy at your own risk. The intraday indicative value of the VelocityShares Daily 3x Inverse Crude exchange-traded notes, or DWTIF, was equal to or less than $0 on Thursday, according to a Credit Suisse statement. As a result, the closing indicative value will be $0, which means current holders and future buyers won’t receive a payout at maturity, if the ETN is called or if they attempt to redeem, it said. ...

Glenhawk | March 18, 2020

The deal will support the bridging lender’s expansion into the growing homeowner mortgage market Glenhawk, the fast-growing UK challenger lender, has agreed a new senior funding line with J.P. Morgan, which will support the firm’s ambitions to grow its UK loan book to £200 million by the end of 2021 – under the leadership of CEO Guy Harrington. The facility represents the first time that J.P. Morgan has invested in a private securitisation backed by UK bridging loans. The...