Recent Stories

New SEC Swaps Rules Could Impact Dealers

New SEC Swaps Rules Could Impact Dealers

The SEC has reopened its possessed rule governing the use of collateral held by security-based swap dealers (SBSDs) — a proposal which would effectively ban rehypothecation — the use of the collateral by dealers as a source of funding. In…
First Data And MineralTree: Electronic B2B Payments For Growing Midmarket Companies

First Data And MineralTree: Electronic B2B Payments For Growing Midmarket Companies

MineralTree, a Boston-area company that focuses on accounts payable for growing and mid-size businesses, has received an $11.1 million Series B investment led by First Data, a company that is no stranger to the world of payments. It…
CEOs Are In The Dark About How Their Firms Use Data

CEOs Are In The Dark About How Their Firms Use Data

CEOs have a far rosier view of how well their companies use data than the people who actually do the work with it. A new study by the Economist Intelligence Unit on behalf of  Teradata found that 47 percent…
OpenBondX Brings Innovative Exchange Trading To Fixed Income

OpenBondX Brings Innovative Exchange Trading To Fixed Income

Can a new electronic exchange up-end the bond market? Alastair Brown thinks conditions in the corporate bond market are ripe for change so  he’s launching OpenBondX which brings some equities style trading to fixed income. Getting an electronic exchange right is…
PNC Turns To BIAN Standards To Evolve Its Core Banking Systems

PNC Turns To BIAN Standards To Evolve Its Core Banking Systems

The PNC Financial Services Group, which grew out of the 1982 merger of Pittsburgh National Corporation and Provident National Corporation and several small and large acquisitions since, is one of the nation’s largest diversified financial services organizations with assets…
Lenddo Creates Credit Scores Using Social Media

Lenddo Creates Credit Scores Using Social Media

How do you lend to people in a developing country that lacks credit bureaus, and to people who lack any credit history? Lenddo does it by following applicants on social media, with their permission.
Federal Reserve Sketches Road To Faster U.S. Payments

Federal Reserve Sketches Road To Faster U.S. Payments

The Federal Reserve has released a long-awaited report and recommendations for the US payments system: Strategies for Improving the U.S. Payment System….
Android Payment Apps Can Be Risky

Android Payment Apps Can Be Risky

Eleven percent of the payment apps available globally for Android phones and tablets contain malware or suspicious binaries, according to RiskIQ, a company that helps organizations maintain the integrity…
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Digital Banking — An Expert Guide On How To Get There

Chris Skinner has been blogging, about banking and technology, speaking at conferences, running the Financial Services Club, in London and other…
American Express To Research Ways To Encourage Savings

American Express To Research Ways To Encourage Savings

Financial services is seeing some odd partnerships. American Express is starting a research pilot with the U.S. Consumer Financial Protection Bureau (CFPB) using the Amex Serve platform to study consumer savings behaviors. Now ordinarily you would expect American Express…