payments

We shouldn't have to wait for FedNow to have faster payments

02/28/20

The Fed can take steps now to speed up existing networks.

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‘We want to take the time to get it right’ — Fed’s Montgomery on FedNow

02/12/20

Ken Montgomery, who is heading up the Federal Reserve's faster payments network, says the agency is taking an incremental approach to launching the service.

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Why the Fed is taking an incremental approach to faster payments

02/12/20

To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates.

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Scharf overhauls Wells Fargo’s structure; CECL could be a boon for banks

02/12/20

Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.

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When moving to a fintech job doesn’t involve moving at all

02/04/20

A view on whether or not each job can be done remotely is part of a holistic view as to how Payrailz is trying to grow its workforce. Currently, about two-thirds of the staff works remotely.

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A community at the office: Strategies of the Best Fintechs to Work For

02/04/20

Companies that scored highest in this year’s Best Fintechs to Work For ranking go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data.

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Goldman, Amazon may offer loans; banks plan to tighten underwriting

02/04/20

The bank would make small-business loans on the online retailer’s platform; Fed survey says banks worry about increasing delinquencies, especially in subprime.

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Wells paying up to recruit brokers; Will JPM’s stock buybacks slow?

02/03/20

The bank is offering big bonuses to hire new financial advisors; recent share repurchases have raised the cost of future rebuys.

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Fed votes to ease Volcker restriction; Truist reports a setback

01/31/20

Banks would be allowed to own stakes in venture capital funds; the combined BB&T-SunTrust isn’t realizing cost savings as fast as it projected.

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New York City moves to ban cashless stores

01/23/20

The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments.

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