Typically when someone files for unemployment benefits there is a one to two week waiting period to verify the claim;...
In an opinion piece on American Banker, General Counsel of US Century Bank argues that community banks could gain a lot from using blockchain technology; unlike big banks they don't have resources to test ideas and spend millions of dollars; pooling their resources or joining a consortium would be the best way forward to begin to test usages of the technology; engaging with the big four bank vendors is another idea; FIS, Fiserv, Jack Henry and D+H provide the core banking software at most banks and ensuring a dialogue with them is crucial; increased efficiency can help community banks stay competitive in an environment that is becoming more crowded by the day. Source
With improved labor market data and a better than expected third quarter GDP report on Friday, the Federal Reserve is expected to outline plans for a December rate hike at its November Federal Open Market Committee Meeting (FOMC) this week; economists are expecting verbiage similar to that used last October before the Fed's last rate increase, indicating the economy was on target to meet the FOMC's objectives. Source
Betterment has announced a new service that will offer professional advice from certified financial planners for an additional fee; the firm has structured the new service in two tiers providing for annual and unlimited advice; the annual access will be charged an additional 40 basis points with a minimum investment required of $100,000; the unlimited access will charge 50 basis points and require a minimum of $250,000; the new offering will target high net worth clients however the company will continue to maintain its $0 minimum investment; it is expected that robo adviser services will evolve to a hybrid model providing both automated and human services; Vanguard and Schwab offer a hybrid model with human advice available by phone or video chat. Source
Michael Lewis is a well known author, writing The Big Short, Moneyball and Liars Poker; Lewis is a great storyteller...
Revolut’s announcement in early February to partner with TrueLayer on open banking aggregation could prove to be one of their...
LendEDU is a website that claimed to be a place for users to offer objective reviews of lenders; according to...
Funding Circle has struggled in the public markets since their IPO in 2018; now Funding Circle and their peers have...
Wage advance fintech Earnin has started to shift their focus to employers in a bid to reach more consumers; companies...
Payment provider Klarna has turned to famed raper Snoop Dogg to be the face of a major campaign called “Get...