Tassat Group will provide access to FedNow through its client-facing application programming interface (API). When the Federal Reserve launches the FedNow real-time payments rail, Tassat’s private blockchain-based B2B solutions will serve as on-ramps for commercial banks that want to participate in the Fed’s platform, Tassat...
State Bank of India announced that it has joined digital invoice discounting marketplace Invoicemart as a financier, a move that will make working capital available for more than 1,400 micro, small and medium enterprises (MSMEs). Initiatives such as the Trade Receivables Discounting System (TReDS) are...
There’s a good chance that JPMorgan Chase could soon become the largest U.S. bank in terms of outstanding loans, dethroning current champ Wells Fargo. According to Forbes, JPMorgan is already the largest U.S. bank in terms of total assets, market capitalization and total deposits. With...
The Brazilian Central Bank has floated a proposal that would let FinTechs lend money but which would also curtail them from taking deposits, as might be seen in a traditional commercial banking relationship, according to news by Reuters. The proposed rules would, in part, find precedent...
July 15, 2024
Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected to take on that role Sept. 30, Citi announced Monday (July 15) in a news release emailed to PYMNTS. “James is an experienced banking leader with a proven track record […]
September 06, 2018
There’s a good chance that JPMorgan Chase could soon become the largest U.S. bank in terms of outstanding loans, dethroning current champ Wells Fargo. According to Forbes, JPMorgan is already...
August 31, 2017
The Brazilian Central Bank has floated a proposal that would let FinTechs lend money but which would also curtail them from taking deposits, as might be seen in a traditional...
