Articles with tag: interest rate

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HMBradley raises USD 18.25 million to further its growth

News | Payments General | 25 Nov 2020

HMBradley, a digital banking platform built to reward savers, has raised USD 18.25 million in Series A funding based on its growth.

digital banks, Hatch Bank, funding, savings, interest rates, credit card, HMBradley, APY

Central Bank Digital Currency (CBDC) – building together the future of money (and humanity)

Voice of the Industry | Cryptocurrencies | 02 Nov 2020

We can do better than build back the pre-pandemic world – we can build forward to a world that is more resilient, sustainable, and inclusive. We must seize this new Bretton Woods momentKristalina Georgieva, IMF Managing Director, Washington, DC on 15th October 2020

central bank digital currency, CBDC, Covid-19, payments digitalisation, Libra, cross-border payment, cryptocurrencies, tokens, stablecoins, reserve currency, SWIFT, fiscal stimulus, FED, interest rates, central banks, commercial banks, BIS, IMF

NerdWallet acquires British comparison site Know Your Money

News | Mobile Payments | 01 Sep 2020

US-based personal finance company NerdWallet has acquired UK-based comparison site Know Your Money

NerdWallet, Know your Money, UK, US, expansion, acquisition, mergers and acquisition, M&A, personal finance management, mobile payments, interest rates, comparison market, Europe, North America

Finzly, Derivative Logic, provide interest rate hedging to community financial institutions

News | Payments General | 01 Sep 2020

Finzly has partnered with Derivative Logic, an independent hedge advisory company that provides hedge structuring and execution capabilities. 

Finzly, Derivative Logic, interest rate, hedging, financial institutions, US, digital banking

Central Bank Digital Currencies: evolution, not revolution

Voice of the Industry | Cryptocurrencies | 24 Jul 2020

In our second instalment of CBDC series, Barry Topf, Chief Economist at Saga Monetary Technologies, discusses the potential CBDCs hold but also the great hidden risks, especially in terms of privacy

Saga Monetary Technologies, Barry Topf, CBDC, Central Bank Digital Currency, crypto, digitalisation, tokens, trust, security, central banks, central bank money, interest rate, financial stability, Saga token, SGA

Amazon, Goldman Sachs partner for small business credit lines

News | Payments General | 11 Jun 2020

Amazon has partnered with Goldman Sachs to introduce a new credit line for the US merchants on its platform, according to Forbes.

Amazon, Goldman Sachs, small business sellers, small business credit line, Marcus, consumer banking, revolving credit lines, interest rates

Xinja Bank chops rates for savers

News | E-invoicing, SCF & E-procurement | 12 May 2020

Australia-based Xinja Bank has announced moving the interest rate on its Stash savings account to 1.8%. 

Xinja Bank, Australia, banks, savings account, Stash, neobank, interest rate, Reserve Bank of Australia, RBA

Bank of England releases recession warnings

News | Payments General | 07 May 2020

The Bank of England has warned that the UK economy will be hit by recession because of the coronavirus pandemic.

Bank of England, recession, coronavirus, pandemic, technical recession, economic decline, interest rates, economic challenge

RBA maintains 0.25 percent rates, expands repurchasing

News | Payments General | 05 May 2020

The Reserve Bank of Australia has maintained the official interest rate at 0.25%, while looking to extend repurchasing operations, as reported by afr.com.

RBA, Reserve Bank of Australia, interest rates, repurchasing, corporate bonds, collateral, credit ratings, repurchasing agreements, Australia, central bank

Jana Small Finance Bank (India) launches DIGIGEN neobank

News | Online & Mobile Banking | 14 Apr 2020

Jana Small Finance Bank, an India-based scheduled commercial bank, has released DIGIGEN, a new digital banking solution.

Jana Small Finance Bank, DIGIGEN, India, neobank, scheduled commercial bank, digital banking, savings account, fixed deposit options, interest rate, minimum balance, online bill payment, instant funds transfer, debit card, KYC

Indian Bank announces a cut in its lending rates

News | Payments General | 01 Apr 2020

Following a 0.75% reduction in the repo rate announced by the Reserve Bank (RBI), Indian Bank has decided to cut its lending rates.

Reserve Bank, RBI, Indian Bank, lending rates, interest rates, Bank of Baroda, pandemic, consumer loans, banking, India

86 400, Volt Bank, Up cut account interest rates following Reserve Bank cuts

News | Online & Mobile Banking | 20 Mar 2020

Australian neobanks 86 400, Up and Volt Bank have cut their interest rates by 0.25% following the decision taken by The Reserve Bank of Australia.

Australia, neobanks, 86 400, Up, Volt Bank have cut their interest rates by 0.25% following the decision taken by The Reserve Bank of Australia.

Starling supercharges business loans and overdrafts

News | Online & Mobile Banking | 14 Jan 2020

UK-based Starling Bank has announced supercharging its bank accounts for businesses and sole traders with unsecured loans of up to GBP 250K.

Starling Bank, digital bank, online banking, business loans, overdraft, VAT, interest rate, challenger bank, UK, United Kingdom, Faster Payments, SEPA, Bacs, MasterCard.

Hong Kong's ZA Bank offers 6% deposit rate, challenging incumbents

News | Online & Mobile Banking | 13 Jan 2020

Hong-Kong-based challenger ZA Bank has announced its arrival with an introductory rate of 6% or higher for deposits.

Za Bank, HSBC, Standard Chartered, interest rate, deposit rate, challenger bank, digital bank, online banking, Hong Kong, Asia, APAC, banking, Hong Kong Monetary Authority, Ant Financial, Tencent

JPMorgan joins National Bank of Canada to test debt issuance on blockchain

News | Payments General | 20 Apr 2018

JPMorgan Chase together with the National Bank of Canada and other large companies have tested a new blockchain platform for issuing financial instruments.

JPMorgan Chase, National Bank of Canada, blockchain, settlement, interest rate payments, partnership, trial