Month : July 2020

Banking Fintech News

Xtensifi Releases White Paper Addressing Open Banking in U.S. and Implications on Financial Services Industry

Fintech News Desk
by Fintech News Desk0
Xtensifi, a digital consulting and development firm that enables financial institutions and fintech providers to create and execute their mobile and online strategies, announced the availability of its latest white paper, “The Future of Fintech’s Access to Financial Data with Open Banking.”. Read More: Alithya Launches AI-FI Trade Surveillance Solution Powered......
Wells Fargo Launches New Low-Cost Account With No Overdraft Fees
Banking Fintech News

Wells Fargo Launches New Cash Back Deals Program

Fintech News Desk
by Fintech News Desk0
Today, Wells Fargo (NYSE: WFC) announced the launch of My Wells Fargo Deals, a program offering cash back to consumers with an eligible Wells Fargo debit or credit card. Read More: Entrust Datacard Solves Evolving Identity and Encryption Needs with Latest PKI Platform Customers can activate the cash back deals by......
InsurTech News

DWS Survey Reveals Pandemic-Driven Changes Insurance Clients Made to Fixed Income Allocations

Fintech News Desk
by Fintech News Desk0
DWS, one of the world’s leading asset managers, today announced the findings of a joint survey with Greenwich Associates of its institutional insurance client base to better understand how COVID-19 might be influencing their investment strategies and asset class allocations. While the majority of insurance clients surveyed indicated that they......
Fintech News

Prime Consumers Under Increasing Financial Strain, According to Latest Reading From Consumer Sentiment Tracker

Fintech News Desk
by Fintech News Desk0
A new study released today by Elevate’s Center for the New Middle Class (CNMC) reveals that prime consumers (those with credit scores of 700 and above) are exhibiting significant financial weakness due to the coronavirus pandemic while conditions for non-prime consumers, a population of approximately 150 million in the United States, seem......
Fintech Investment Services News

HSBC Launches ESG Portfolio Reporting Service

Fintech News Desk
by Fintech News Desk0
HSBC today launched a reporting service that provides asset owners and managers with independent measurement of how focused their listed asset investments are on environmental, social and corporate governance (ESG) issues. Read More: GlobalFintechSeries Interview with Chuck Klein, Chief Executive Officer & Founder at IMM The new service will allow asset......
Banking News

Dollar Bank Hires Paul David Spradley, Ed. D, to Lead Diversity, Inclusion, and Equity Efforts

Fintech News Desk
by Fintech News Desk0
President and CEO, Jim McQuade, announced today that Dollar Bank has completed the search that began earlier this year and hired Paul David Spradley, Ed. D, to lead the Bank’s diversity, inclusion, and equity efforts. Read More: Thimble Launches Certificate Manager to Improve Oversight of Vendor Insurance Policies “Paul’s experience and......
Fintech Mobile Banking News

Elite Former Snapchat Engineers Launch Meemo – A Social Finance App That Rewards & Informs Based on Your Transaction and Purchase Activity

Fintech News Desk
by Fintech News Desk0
Meemo, the social financial application, is announcing they are emerging from a year-long stealth period in the Bay Area after successfully raising $10MM in funding. Institutional investors include Saama Capital, Greycroft, monashees and Sierra Ventures. In addition, Amit Singhal, Hans Tung of GGV capital, and several serial entrepreneurs including past......
Business Fintech News

Empower Institute: It’s Time to Drop Generational Stereotypes When It Comes to Financial Planning

Fintech News Desk
by Fintech News Desk0
Americans are tired of the so-called generational wars that describe one generation as doing better or worse than another when it comes to financial planning and saving for retirement, a new survey from Empower Retirement says. Instead, American savers want to talk about financial planning that matches where they are......
Capital Markets Fintech News

Wells Fargo Names Mike Santomassimo as New Chief Financial Officer

Fintech News Desk
by Fintech News Desk0
Wells Fargo & Company (NYSE: WFC) announced today that Mike Santomassimo will join the company in fall 2020 as Chief Financial Officer. Santomassimo will report to CEO Charlie Scharf and serve on the company’s Operating Committee. He will succeed John Shrewsberry, who has announced plans to retire following a successful......
Business News

ETFMG’s First ETF, SILJ, Surpasses $300M AUM Milestone

Fintech News Desk
by Fintech News Desk0
ETF Managers Group LLC (“ETFMG”), a leading thematic ETF issuer, announces that the first thematic product brought to market by the issuer, the ETFMG Prime Junior Silver Miners ETF (NYSE Arca: SILJ), has exceeded a significant milestone of $300 million* in assets under management. The first to market product targets......
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