Corp Bank launches insurance scheme and other top insurance news

GuideOne Insurance | August 05, 2016

Jai Kumar Garg, Managing Director and Chief Executive Officer of Corporation Bank, launched ‘group credit life insurance scheme’ of LIC of India in Mangaluru on Thursday. GuideOne Insurance will cut about 73 jobs as the company stops selling home and auto insurance. A spokeswoman for the West Des Moines-based insurer confirmed the cuts to the Register on Thursday. The costs of Setanta Insurance’s liquidation process amounted to just under €6 million up to May of this year, The Irish Times has learned.

Spotlight

Blockchain is the innovation at the centre of the bitcoin phenomenon a technology that can foster trust between completely anonymous transactors. Paul Stratford and Sarah Clarricoats from EY discuss how blockchain could be used in wealth management, its potential to change the industry, and the three challenges that need to be overcome for blockchain to really go mainstream.


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CORE BANKING

Corporate Insight to Track the Growing Traditional and Fintech Business Banking Platforms with Launch of Small Business Banking Research Services

Corporate Insight | April 18, 2022

Corporate Insight, the leading provider of competitive intelligence and customer experience research to the financial services industry, today announced the launch of its Small Business Banking Research Services. The services will track and analyze leaders in traditional and fintech banking platforms in a blend of multi-product, deposit-only and card-only relationships to capture the competitive landscape and arm business banking providers with insights to drive improved digital experiences. On an ongoing basis, Small Business Banking Research Services will evaluate: Digital platforms from traditional banks and innovative fintechs Cash management services Merchant and payroll services Building on Corporate Insight's long history of tracking small business credit cards, Small Business Banking Research Services will assess the industry's top traditional banking and fintech platforms to illuminate this increasingly competitive and disruptive space. Using authenticated experiences, Small Business Banking Research Services will offer deep dives into user journeys with ongoing reporting on platform enhancements and dashboards that track industry leaders and innovative disruptors. Similar to the retail banking industry over the past few years, fintechs and other digital-first organizations are now causing major disruption in the small business banking space and we anticipate this trend to continue to grow in the upcoming years, Our new Small Business Banking Research Services will track and assess the digital capabilities of the primary incumbents and disruptors, with the primary goal of arming business banking organizations with the knowledge needed to drive improved digital customer experiences." Andrew Way, senior director of research at Corporate Insight. About Corporate Insight Corporate Insight delivers competitive intelligence, user experience research and consulting services to the nation's leading financial and health institutions. As the recognized industry leader in customer experience research since 1992, we have been the trusted partner to corporations seeking to improve their digital capabilities and user experience. Our best-in-class research platform and unique approach of analyzing the actual customer experience helps corporations advance their competitive position in the marketplace.

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CORE BANKING

BancTrust & Co. Investment Bank Announces Launch of U.S. Broker-Dealer Affiliate

BancTrust | May 13, 2022

BancTrust & Co. Investment Bank (BancTrust), a leading global emerging markets investment bank, today announced the launch of BancTrust Securities USA (BancTrust USA), its U.S. broker-dealer affiliate. BancTrust USA is a member of Financial Regulatory Authority (FINRA) and is registered with the Securities and Exchange Commission (SEC). BancTrust USA is based in New York City and will represent BancTrust with U.S. institutional investors and major U.S. institutional investors under a chaperoning agreement in compliance with SEC Rule 15a-6. The initial New York-based team is comprised of Jack Thomas, MD Fixed Income Trading; Erik Berg, MD Debt Capital Markets; Rafael Elias, MD LatAm Corporate Credit Strategy; Dan Bowers, ED Fixed Income Sales; and Maurice Batista, ED Fixed Income Sales. Prior to joining BancTrust USA, Jack was the Head of Emerging Market Trading - New York at Intesa Sanpaolo IMI Securities. He previously held positions at UBS Investment Bank, Santander, Societe Generale and ING Financial Markets. Jack has nearly 20 years of experience trading EM fixed income and has specialized in both Latin American and Asian credit markets. He holds a Bachelor of Arts in Economics and Accounting from the College of the Holy Cross. Erik has over 25 years of experience in international capital markets. He has had senior capital markets roles in New York at Deutsche Bank, ING, ABN Amro, Standard Bank of South Africa, Commerzbank, and Natixis, and been responsible for debt origination across Latin America including new bond issues, debt restructurings, debt buybacks and public and private sector debt exchanges. Mr. Berg is a graduate of Wesleyan University, Connecticut and holds an MBA from the IAE /Universidad Austral, Buenos Aires. Rafael (Rafa) was previously a Director of Research for Latin America at StoneX and formerly at Tellimer Markets. His experience spans over 25 years of being responsible for macro and corporate strategy at Cantor Fitzgerald, Credit Agricole, Knight Libertas, UBS, Deutsche Bank, ING, and Credit Suisse. Rafa holds a Master's degree in Public and Private Management (MPPM) from Yale University's School of Management and a Civil Engineering Bachelor's degree from Universidad Anahuac in Mexico. Dan is an investment professional with 20 plus years of experience in emerging markets. Before joining BancTrust USA, he held senior EM sales roles with Unicredit and Societe Generale. Previously Dan had trading roles at Moore Capital, Depfa Investment Bank and Galileo Asset Management. He has an MBA in Business Administration and Bachelors in Banking and Finance from Hofstra University. Maurice has over 20 years of experience in financial services, with a focus on global EM. Prior to joining BancTrust USA, he worked in EM institutional sales at Torino Capital and Stifel Financial. Previously, at Renaissance Capital Securities, he headed FICC sales in New York, focusing on Russia, CIS and Africa. He began his career in emerging markets at Chase Securities and has also worked in sales at BBVA and Cantor Fitzgerald. He holds an MBA from NYU Stern School and a BA in Political Science from UCLA. I am thrilled to announce the expansion of the BancTrust group in the U.S. We have assembled a senior team with extensive experience in dealing in frontier and emerging markets. Our New York presence will enable us to better serve and grow our current U.S. client base as we aim to be their trusted partner in emerging markets." CEO Carlos Fuenmayor. About BancTrust & Co. BancTrust & Co. Investment Bank is a leading London-based global emerging markets investment bank that offers corporate and investment banking, securities dealing and financing, investment research products and services to a diversified client base mainly comprised of emerging and frontier markets-based corporations, financial institutions, governments, and dedicated global EM asset managers.

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BITCOIN AND CRYPTO

Foundry Joins the Blockchain Association to Help Shape Regulatory Future of Crypto Industry

Foundry Digital LLC | March 08, 2022

Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset mining and staking, is proud to announce its membership with the Blockchain Association, a member-led organization dedicated to improving the public policy environment for digital assets. This announcement is part of Foundry's mission to highlight the transformative potential of decentralized blockchain technologies and the infrastructure that makes cryptocurrencies, such as Bitcoin, the most secure and egalitarian computer networks in the world. With over 70 members, Blockchain Association combines its network and intel to create unique, meaningful policy with industry consensus. Foundry will leverage Blockchain Association's singular platform, blending industry insights and legal analysis, to inform lawmakers of the economic growth and technological innovations the crypto industry will continue to bring to the job market and electrical grid. Together, Foundry and Blockchain Association will help shape the regulatory future of the burgeoning crypto industry and work diligently to promote Foundry's principles of technological advancement and universal access to wealth in the United States. Foundry and its clients have grown rapidly and expanded operations in various regions that are often overlooked, demonstrating the type of economic development and community revitalization the crypto industry can bring to these regions, Blockchain Association will help us carry this message of success and growth to Washington, where lawmakers can help replicate our success in communities across the country." Kyle Schneps, Director of Public Policy at Foundry. The Blockchain Association, the collective voice of the crypto industry, is proud to welcome Foundry as its newest member, As a leading U.S.-based company who provides digital currency miners and stakers tools to build tomorrow's decentralized infrastructure, Foundry will bring unique insight to the association and to our conversations in Washington." Kristin Smith, Executive Director of Blockchain Association. About Foundry Digital LLC A subsidiary of DCG, Foundry Digital LLC was created to meet the institutional demand for better capital access, efficiency, and transparency in the digital asset mining and staking industry. Headquartered in Rochester, NY, Foundry leverages its institutional expertise, capital, and market intelligence to empower participants within the crypto ecosystem by providing the tools they need to build tomorrow's decentralized infrastructure.

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Visa’s Fintech Fast Track Program Goes Global with Launch in U.S.

Visa | July 31, 2019

Fintechs are transforming the global payments ecosystem at a rapid pace, changing the way people invest, manage money, receive loans, and send real-time payments to friends and family. Given the importance of the fintech community, and Visa’s longtime commitment to digital payment innovation, Visa (NYSE: V) today announced the expansion of its popular Fast Track program to the United States in conjunction with a large and growing network of partners.

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Spotlight

Blockchain is the innovation at the centre of the bitcoin phenomenon a technology that can foster trust between completely anonymous transactors. Paul Stratford and Sarah Clarricoats from EY discuss how blockchain could be used in wealth management, its potential to change the industry, and the three challenges that need to be overcome for blockchain to really go mainstream.

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