Wall Street edges higher on tariff delay hopes

Wall Street | December 10, 2019

Wall Street's indexes edged higher in choppy trading on Tuesday after a report that the United States and China were planning to delay a new round of tariffs set to kick in on Dec. 15. Officials from both sides also hinted at extending their trade talks, the Wall Street Journal reported. With the trade war continuing to take a toll on global growth, markets have been hoping for a delay in tariffs and looking for positive headlines on the talks. "I think that both sides are going to find a way to delay the imposition of new tariffs on Dec. 15," said Art Hogan, chief market strategist at National Securities in New York. "We just don't know if that is true right now that is why the market has been acting skittishly. I think that we are still waiting on news."

Spotlight

Fintech is most likely to challenge traditional models of banking, insurance and asset management. The video was based on research by PwC Russia. It was scripted and produced by Alpha Grid, a Financial Times company.

Spotlight

Fintech is most likely to challenge traditional models of banking, insurance and asset management. The video was based on research by PwC Russia. It was scripted and produced by Alpha Grid, a Financial Times company.

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FINTECH

CSI Partners with Bankers Helping Bankers to Support Community Banks with Innovative Fintech Solutions and Collaboration

Computer Services, FedFis, IBAT | July 28, 2022

Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of end-to-end fintech and regtech solutions, has partnered with Bankers Helping Bankers to further the organization’s mission of empowering community banks. Established by FedFis and the Independent Bankers Association of Texas (IBAT) in late 2021, Bankers Helping Bankers connects bankers nationwide so that they can identify solutions that drive earnings and diversify sources of income. Its mission is to elevate and unite community banks across the United States to compete with large, entrenched financial institutions. “Community banks are the backbone of our economy and invaluable partners with their local communities,” said IBAT President and CEO Christopher Williston. “Community banks are the backbone of our economy and invaluable partners with their local communities,” said IBAT President and CEO Christopher Williston. “Bankers Helping Bankers extends that spirit of collaboration by coordinating and sharing innovative products and strategies for success. Together, community banks can more confidently face the threat of global institutions and new competitors.” In just six short months, Bankers Helping Bankers has built an extensive network, and most of the nation’s state associations have joined the movement. CSI works with Bankers Helping Bankers to build digital banking strategies that community bankers need to adapt and compete. “CSI is the fourth largest core processor in the U.S., and when offered a chance to help community banks, CSI immediately said yes,” said Dave Mayo, CEO of FedFis and Founder of Bankers Helping Bankers. Bankers Helping Bankers is continuing to grow in both size and scope. We believe bankers can make the right decisions and thrive if they have the right information and access to experts. CSI is determined that community bankers will continue to have that access, at no cost to the banker, with their support of Bankers Helping Bankers.” “At CSI, we have always been dedicated to helping community banks expand their offerings and grow the markets they serve, and this partnership represents another significant step toward that goal,” said Giovanni Mastronardi, group president, CSI Enterprise Banking. “Bankers Helping Bankers goes beyond promoting technology solutions. It brings together industry professionals to participate in lively, thoughtful discussions about how community banks can grow their business. We are thrilled to work hand-in-hand with Bankers Helping Bankers and ensure community banks thrive in today’s banking environment.” About Computer Services, Inc. Computer Services, Inc. (CSI) delivers core processing, digital banking, managed cybersecurity, cybersecurity compliance, payments processing, document delivery, and regulatory compliance solutions to financial institutions and corporate customers, both foreign and domestic. Management believes exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the Company’s inclusion in such top industry-wide rankings as IDC Financial Insights FinTech 100, Talkin’ Cloud 100 and MSPMentor Top 501 Global Managed Service Providers lists. CSI has also been recognized by Aite Group, a leading industry research firm, as providing the “best user experience” in its AIM Evaluation: The Leading Providers of U.S. Core Banking Systems. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information, visit csiweb.com. About FedFis FedFis provides financial institutions fintech data analytics and a strategy system that tracks Financial, M&A, and Vendor data (including technology vendors) on every bank and credit union in the United States. FedFis is committed to "truth in banking", by helping community bankers understand which products and services will best pair with their existing technology to drive the strategic outcomes for which they strive. They are first and foremost, a family business of precisionists. Fifth-generation bankers and technology experts with incredible depth and passion for the banking industry. For more information visit, www.fedfis.com. About IBAT Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation, with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texas, IBAT member bank assets range in size from $27 million to $39 billion with combined assets statewide of nearly $256 billion. IBAT member banks are committed to supporting and investing in their local communities. For more information visit, ibat.org.

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S&P Global Market Intelligence launches the Onboarding Accelerator Tool to Securities Finance clients enhancing efficiency

S&P Global Market Intelligence | September 15, 2022

S&P Global Market Intelligence, a division of S&P Global and provider of information services and solutions to the global markets, has integrated the Onboarding Accelerator tool into its Securities Finance platform. The automated solution is designed to overcome the inefficiencies of the legacy, manual process, currently faced by borrowers and lenders when onboarding new lenders and accounts. The new tool will automate the process, allowing for improved transparency and efficiency. "The legacy onboarding processes tends to rely on spreadsheets, emails, and phone calls with risks of human errors, miscommunication, and delays. The new automated onboarding solution will greatly enhance efficiencies and improve client experience by allowing users to exchange, view and update documents whilst monitoring the status of the process from initiation through to execution seamlessly." -Kabin George, Global Head of Securities Finance Product Management, S&P Global Market Intelligence The tool offers several innovative features, including improved controls and standards and advanced portfolio assessment reports that identifies potential lending revenues and asset qualities in a portfolio. The Portfolio Assessment Report (PAR), a key feature, will allow front office and business management functions to evaluate portfolios and select accounts for prioritisation. The PAR is a unique interactive product offering which places S&P Global Market Intelligence's Securities Finance data into an easily accessible format providing key information on a portfolio's composition and potential value. At a functional level the onboarding tool will enable users to specify documentation requirements, request additional data and raise questions all within the platform, submit to multiple brokers with the ability to mask any critical account information from specific front office functions and backfill historical accounts to acquire one single source copy of all accounts. About S&P Global Market Intelligence At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction. S&P Global Market Intelligence is a division of S&P Global. S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today.

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Volante Technologies Named to Prestigious IDC FinTech Rankings Top 100 for Second Year Running

Volante Technologies | September 23, 2022

Volante Technologies, the global leader in cloud payments and financial messaging, today announced that it has been named to The IDC FinTech Rankings Top 100 for the second year in a row. The IDC FinTech Rankings 2022 evaluates and categorizes the top IT vendors based on 2021 calendar year revenues and the percentage of revenues exclusively attributed to financial institutions. This accolade follows a number of other recent wins for Volante, including placing first in the IBS Intelligence (IBSi) Sales League Table (SLT) for wholesale banking payments, and receiving the 'Most Innovative Payment Solutions Provider' award at MEA Finance Banking Technology Awards (both for the second year running). Volante has also been recognized as a Leader in the Omdia Universe: Selecting a Payment Hub, 2021-22 global survey. According to Aaron Press, Research Director at IDC Financial Insights, Volante's focus on payments has once again placed the company on the IDC Fintech Rankings Top 100. Volante continues to earn this position with innovative solutions that move their customers' payments capabilities forward. The IDC Fintech Rankings, now in its 19th year, is the global standard list of fintech providers to the industry, and we congratulate Volante for their placement among the 2022 winners. Since debuting in the IDC Fintech Rankings Top 100 in 2021, Volante has launched a number of new service offerings, including the Volante ISO 20022 Service, which simplifies the complexity of global ISO 20022 modernization, and a unified solution for processing FedNow℠ Service and TCH RTP® real-time payments in the U.S. Volante has also broadened its partner ecosystem, announcing strategic partnerships with Mambu, to bring SaaS real-time payments and core banking to market, and KPMG, to offer financial institutions comprehensive ISO 20022 and real-time payments readiness diagnostics. During this time, Volante has continued to maintain strong trusted-partner relationships with customers, securing strategic growth funding from Wells Fargo, BNY Mellon, and Poste Italiane, and expanding the scope of its cloud Payments as a Service (PaaS) offering with FIMBank. Volante has also grown its footprint in Latin America, announcing payments modernization deployments with Banca Afirme, S.A. (Afirme, a subsidiary of Afirme Grupo Financiero, S.A. de C.V.) and Banco del Bajío, two of the largest domestic banks in Mexico. "According to IDC, digital transformation spend in worldwide banking will reach $17 billion by 2025*. Driven by demand for always-on real-time digital services from consumers and businesses, financial businesses are under pressure to modernize rapidly. As new payment types proliferate, payments modernization is an essential pillar of any digital transformation strategy," - Vijay Oddiraju, CEO, Volante Technologies Our inclusion in the IDC Fintech 100 is a testament to the role that we are playing in accelerating payments modernization by providing our customers with compelling cloud Payments as a Service and low-code financial integration solutions. As a result, more and more financial businesses of all sizes are partnering and investing with Volante, he continued. About Volante Technologies Volante Technologies is the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation. We serve as a trusted partner to over 100 banks, financial institutions, market infrastructures, clearing houses, and corporate treasuries in 35 countries. Our solutions and services process millions of transactions and trillions in value every day, powering four of the top five corporate banks, 40 percent of all U.S. commercial bank deposits, and 70 percent of worldwide card traffic. As a result, our customers can stay ahead of emerging trends, become more competitive, deliver superior client experiences, and grow their businesses through rapid innovation.

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