Financial firms should offer debt consolidation and faster payment services to help employees who may be struggling through the coronavirus pandemic.
Some of Monday’s top business news stories: Associated Press As tide turns, retailers that resisted masks relent, by Anne D’Innocenzio Zuckerberg, Bezos, other tech CEOs testify on competition CNN Big chains filed for bankruptcy...
Fighting your body clock to conform to an external standard is only likely to make you less productive and successful, not more.
The FinTech Futures weekly round-up of the industry’s top stories and developments from across the globe.
This week we cover:
- US national banks granted authority to hold crypto for customers
- Robinhood scraps UK expansion plans
- UK government launches review to boost fintech sector
- Former Wirecard CEO Markus Braun arrested again
- SoftBank-backed Policybazaar aims for 2021 IPO at $3.5bn valuation
Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers.
Reuters announced the launch of a video news channel on Plex, the streaming media platform. Plex users will have access to Reuters news content 24 hours a day and seven days a week. Reuters...
You were a great leader before the pandemic? Guess what: Everything has changed.
Correspondent banking represents one of the most vexing dilemmas for financial institutions and those who regulate them.
On the one hand, it has long been a key mechanism for integrating developing countries into the global financial system and giving them access to the capital they need. On the other hand, correspondent banking relationships are inherently risky for the global banks that grant access to the respondent bank’s customers without being able to directly conduct know your customer/customer due diligence (KYC/CDD) checks on them.
It’s not a small problem: make access too easy and you risk allowing billions of illicit funds through your door; cut off the relationships and you starve emerging markets of capital and drive their transactions into the shadows.
To its credit, the Financial Action Task Force (FATF) understands the dilemma … Read the rest
Due to possible exploitation, Bank of America instituted a policy that limited loans to persons in guardianships, but later ended that policy.
Google has poured more than $39.5 million into journalism since the pandemic began. The finances have been allocated across 5,600 in 115 countries as part of the Google News Initiative Journalism Emergency Relief Fund....
The post Google contributes millions to journalism amid pandemic appeared first on Talking Biz News.