Small banks cautioned on liquidity
APRA addresses inconsistencies in liquidity treatment by smaller ADIs The Australian Prudential Regulation Authority (APRA) has expressed concern about the inconsistent liquidity treatment adopted by smaller Authorized Deposit-taking Institutions (ADIs) for deposits placed with settlement service providers. The authority has issued a letter addressing this issue, which has been a source of discrepancy in the […]
Mexico is about to leapfrog over the US in real-time payments
The Future of Instant Payments: Looking South to Latin America The shifting landscape of global financial transactions places Latin America at the forefront of innovation. This region, particularly Mexico, is witnessing a significant growth in the adoption of instant payment networks powered by central banks. As the U.S. and other established markets grapple with the […]
Appeals court vacates Colorado ‘rent-a-bank’ ban on rates
10th Circuit Appeals Court Revisits Colorado’s Rent-a-Bank Ban on Rates In a critical legal development, the U.S. Court of Appeals for the 10th Circuit has agreed to rehear a challenge to a Colorado law aimed at curbing “rent-a-bank” arrangements. This decision could have significant implications for the enforcement of Colorado’s interest rate caps on certain […]
Exclusive research: Banks were broadly gung ho on AI in 2025
Community Bankers and Credit Unions Embrace AI in 2025 A recent survey has revealed that community bankers had the greatest share of respondents who said spending remained the same, while credit unions reported the largest share of slightly increased spending of less than 10%. Looking at the data broken out by department, it was found […]
With new president, Rockefeller sets to redefine meaning of ‘family office’
The Growth of Rockefeller Capital Management Since its founding in 2018 as an offshoot of the world-famous Rockefeller family, Rockefeller Capital Management has experienced exponential growth, with client assets increasing roughly tenfold from $18 billion to nearly $190 billion in less than a decade. This remarkable growth can be attributed to the firm’s strategic recruitment […]
Italy fines Revolut over consumer code breaches
Revolut Faces Over €11m Fine for Unfair Commercial Practices Revolut, a prominent digital banking and financial services provider, has been hit with a penalty of more than €11m ($12.6m) by Italy’s competition authority due to unfair commercial practices, violating the Consumer Code. This hefty fine has been levied against several entities within the Revolut group, […]
How old systems impede banks’ payments modernization | PaymentsSource
As digital innovation accelerates, banks are coming under increasing pressure to modernize their payments technology. With merchants demanding more advanced digital payments solutions, the banking sector risks falling behind nimble fintech companies in the development of new payment technologies. To stay competitive, many industry experts are advising banks to consider setting up startups dedicated to […]
Jefferies has more top bankers in London, but it’s paying them less
American Bank Jefferies and Potential Acquisition by SMBC: A Concern for Senior British Bankers American bank Jefferies may be considering a potential acquisition by SMBC, its Japanese partner, but within the bank, there is a group of people who are likely more concerned about other matters – its most senior British bankers. Insight from Pillar […]
DOL rule could reshape 401(k) access to alternatives
The U.S. Department of Labor has taken a significant step toward reshaping the retirement plan landscape, proposing a rule that could make it easier for 401(k) plans to incorporate alternative investments such as private equity, private credit, real estate, and cryptocurrency. For financial advisors, the proposal signals both an opportunity and a new layer of […]
Relationship Executive – Healthcare Technology Banking – Executive Director
Exploring the Role of a Relationship Executive in Healthcare Technology Banking One of the most dynamic roles within the financial services industry is that of a Relationship Executive, particularly within the Healthcare Technology Banking team. This role requires a customer-focused approach, a passion for building relationships, and a keen understanding of financial advice. If this […]