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Iran war could last through end of Trump’s term- WSJ citing advisers
Key insights: More large fintechs are securing banking charters, and that is changing sponsor-banking strategies. What’s at stake: The banking-as-a-service business model has for more than a decade counted fintechs as its bread and butter clients, but as they secure their own banks, it’s forcing sponsor banks to narrow their focus. Expert quote: “Chime’s proposed…
Apex Fintech Solutions, a clearing, custody and brokerage infrastructure provider, has partnered with FusionIQ to offer financial institutions an integrated technology stack combining Apex’s brokerage services with FusionIQ’s cloud-based digital wealth management platform. The collaboration enables banks, credit unions, registered investment advisors and broker/dealers to access digital advice, self-directed investing, digital model marketplace and TAMP…
EUROPEAN SESSION In the European session, the main highlight is the Eurozone Flash CPI report. The headline CPI Y/Y is expected at 2.9% vs 2.8% prior, while the Core Y/Y measure is seen at 2.4% vs 2.4% prior. The ECB will likely want to see benign inflation figures in this and the next report to…
Revolut co-founder and CEO, Nik Storonsky, has often boasted about his plans to take Revolut from a private tech start-up to a banking giant with technology so advanced, other banks would not be able to compete. In just over a year after receiving its full banking license, Revolut has done just that. It has become…
Soybeans are slipping back 1 to 7 cents so far early on Tuesday morning. Futures were in rally mode on Monday, with contracts posting 20 to 23 1/4 cent gains and other contracts 10 ¾ to 18 ¼ cents higher. Preliminary open interest rose 14,871 contracts on Monday, suggesting new buying interest. The cmdtyView national…