WTO gives somber goods trade outlook, sees virus threat

WTO | February 17, 2020

Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could become even worse due to the new coronavirus. The Geneva-based trade body said its goods trade indicator fell to 95.5 from the 96.6 reading reported in November. Readings of less than 100 indicate trade growth below medium-term trends. The WTO said the new figure did not take into account the most recent developments, such as the outbreak of the new coronavirus, which could dampen trade prospects further. Global merchandise trade fell by 0.2% year-on-year in the third quarter of 2019, the WTO said, with a possible pick-up in the fourth quarter.

Spotlight

We believe that data-driven marketing shouldn’t be confusing. Every company should know what works for their campaigns in order to make more ROI-driven decisions. At Directive, we not only craft customized campaigns for your unique marketing objectives - we exceed those objectives and truly revolutionize your digital presence. We pride ourselves on the comprehensive and in-depth nature of the campaigns we build. From the outset - we prioritize transparent and accurate tracking to get the best picture of how campaigns are performing.

Spotlight

We believe that data-driven marketing shouldn’t be confusing. Every company should know what works for their campaigns in order to make more ROI-driven decisions. At Directive, we not only craft customized campaigns for your unique marketing objectives - we exceed those objectives and truly revolutionize your digital presence. We pride ourselves on the comprehensive and in-depth nature of the campaigns we build. From the outset - we prioritize transparent and accurate tracking to get the best picture of how campaigns are performing.

Related News

FINANCIAL MANAGEMENT

Jack Henry & Associates Closes Payrailz Acquisition

Jack Henry & Associates, Inc. | September 05, 2022

Jack Henry & Associates, Inc.®m announced today that it has closed its previously announced acquisition of Payrailz, adding the company's next-generation digital payment capabilities to Jack Henry's payments ecosystem. Payrailz provides cloud-native, API-first, AI-enabled consumer and commercial digital payment solutions and experiences that enable money to be moved in the moment of need. Acquiring Payrailz supports Jack Henry's technology modernization strategy that helps banks and credit unions successfully compete with industry disruptors, innovate faster, and meet the evolving needs of consumer and commercial accountholders. This acquisition also enhances Jack Henry's payments-as-a-service (PaaS) strategy, which is a natural extension of its commitment to open banking and the ability to enable embedded finance and embedded fintech, while reinforcing the company's mission to strengthen connections between people and financial institutions through technology and services that reduce the barriers to financial health. "We are excited to close this acquisition and begin integrating Payrailz into Jack Henry, This acquisition provides our collective clients with additional functionality, optionality, and flexibility and better supports the digital and payment strategies of diverse banks and credit unions. The projected impact of this acquisition will be disclosed as part of FY23 first quarter earnings, and as a reminder, our FY23 earnings per share guidance provided in our most recent earnings press release did not include the impact of this acquisition. I'd also like to reconfirm the fiscal year guidance of $5.05 to $5.09 EPS we previously provided and to provide fiscal first quarter guidance of $1.36 to $1.38 EPS." -David Foss, Board Chair and CEO of Jack Henry Financial details and terms of the Payrailz acquisition were not disclosed. About Jack Henry & Associates, Inc.® Jack Henry™ is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 45 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 8,000 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health.

Read More

FINANCIAL MANAGEMENT

ClearScore launches in Canada

ClearScore | November 10, 2022

ClearScore, one of the United Kingdom's leading credit marketplaces, today announces its launch in Canada, offering greater transparency in credit scores and reports to the market through its innovative, free-to-use app. With over 17 million users worldwide, ClearScore is already a market leader in the UK and South Africa, as well as gaining significant traction in Australia. Canada is ClearScore's fourth market, going live in September and already attracting over 30k users. ClearScore gives people free access to their credit report to help them understand and improve their financial situation, as well as monitor for fraudulent activity through 'ClearScore Protect', a free ID monitoring report that allows people to check that their passwords are not compromised on the dark web. Over and above understanding their data, ClearScore helps people access, and save money on, credit cards, loans and mortgages by presenting them with a personalized recommendation on the best rates and rewards. Users can sign up and monitor their credit score directly on the website, clearscore.com/ca, and can also download the app on their phone for an easier way to track both their score and relevant offers. "We're a business that is dedicated to helping our users improve their financial wellbeing, and we do that through transparency in credit reports and data-driven, personalized offers on credit cards, loans and mortgages to save people money. As a user-first organization, the financial products that people see on our site are not influenced by commission from our partners; the offers are presented in a clear, straightforward manner with the user's best interest in mind. -Tassie Milne, General Manager of ClearScore Canada We achieved phenomenal success in the UK and other markets, and now is a great time for us to help Canadians, with the cost of living posing a big issue for many Canadians, coast to coast. ClearScore Canada is based in downtown Toronto with global headquarters in London, UK. The company has partnered to offer exclusive offers with many leading Canadian financial services providers. ClearScore also partners with TransUnion to provide credit scores and report data, adding its unique analysis of the factors which could boost or damage an individual's credit score. ClearScore educates users on how to understand and improve their credit score, which in turn can benefit people by allowing them to access more credit offers and improve their chances of approval. Justin Basini, CEO and Co-founder of The ClearScore Group, said More and more people around the world are turning to ClearScore to help manage their finances. As the cost-of-living crisis deepens, ClearScore has a critical role to play in assisting people to make smarter financial decisions. We are very excited to come to Canada at this time and bring our data-driven marketplace to a very dynamic and fast-moving credit market. Having already established extensive partnerships with major banks and credit card providers, we anticipate a growth rate very similar to what we have seen in the UK, South Africa and Australia. Toronto Mayor John Tory, said I am very pleased that ClearScore has chosen to locate its new office in our city, which will allow them to take advantage of our unmatched talent pipeline. A strong technology sector, resilient financial system and quality pool of talent puts the Toronto Region on the global fintech map and I'm thrilled to welcome ClearScore to be a part of this dynamic ecosystem. One of the first companies to partner with ClearScore in Canada is Capital One Canada. Kevin Chan, Acquisitions Marketing Lead for Capital One Canada, said: Capital One Canada believes that with the right resources, tools and support, financial wellbeing is possible for everyone, regardless of where they are on their journey. Working with partners that have similar values, such as ClearScore, allows us to further extend that support and level the playing field when it comes to credit. About ClearScore ClearScore launched in July 2015 to help everyone, no matter their circumstances, achieve greater financial wellbeing. This started with greater transparency in credit reports and scores and has since expanded to include increased visibility of affordability, using current account spending patterns via Open Banking. As a leading financial marketplace, ClearScore helps people access, and save money on, credit cards, loans and car finance. ClearScore has grown rapidly to serve 17 million users across the UK, South Africa, Australia and Canada. The Group now partners with over 150 financial institutions around the world to ensure that the right product, gets to the right user at the right time.

Read More

CORE BANKING

BMO partners with FISPAN to simplify business banking for clients

FISPAN | November 18, 2022

BMO and FISPAN have partnered to offer BMO Online Banking for Business clients direct access to their day-to-day banking from their Enterprise Resource Planning (ERP) or accounting system. By integrating payments, reporting and reconciliation with these systems, clients now have a simpler, more efficient way to perform and manage their business transactions. Without leaving their ERP system, BMO's business clients will be able to: View real-time account and balance information Send wire and other domestic electronic payments Automatically reconcile their transactions "We recognize that our clients have competing demands and as their banking partner, we're focused on helping them make progress by delivering seamless and simple solutions, This partnership aligns perfectly with our commitment to deliver leading digital experiences to our customers giving them more time to focus on what matters most – growing their business." -Sean Ellery, Head, Digital and Innovation, Commercial Banking, BMO This partnership represents BMO's continued investment in leveraging the power of Open Banking to tailor their services to fit the varying needs of its Commercial Banking clients: BMO recently announced a partnership with Xero allowing business clients to connect and manage their Online Banking and Xero accounts BMO's Developer Portal makes banking APIs available to clients who want to build custom integrations between their business systems and BMO accounts We are thrilled to be working with BMO on these integrations, We share BMO's emphasis on innovation and a better business banking experience for their clients making this partnership a perfect fit,says Lisa Shields, CEO, FISPAN. FISPAN's open architecture simplifies and expedites direct integration into ERP systems, This partnership is another example of BMO securing industry-leading partnerships with providers that help us to meet our client's growing needs,said Gurreet Sidhu, CIO, Treasury and Payment Solutions, BMO. BMO is paving the way as a digitally enabled, future-ready bank harnessing the potential of emerging technologies for real-time information and processing. As the industry moves towards Open Banking, BMO is supporting customers by creating a robust API infrastructure, underpinned by security, to enable safe and secure financial decisions. About BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.07 trillion as of July 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets. About FISPAN FISPAN is the market leader in ERP-banking. Our turn-key platform makes it simple for banks to offer business banking services embedded in their clients' business application. FISPAN powers best-in-class commercial banking experiences by removing friction and adding value to how the bank's clients operate their business. Founded in 2016, FISPAN is headquartered in Vancouver, BC and led by CEO and founder, Lisa Shields.

Read More