WTW, SEI partner on private market offerings
WTW Investments and SEI see enough of a market to develop private market offerings for U.S. defined contribution plans, such as 401(k) plans.
Circle officially opens its national trust bank
Having a trust bank will allow the stablecoin company to offer custody products and to have flexibility in where and how it issues its stablecoins.
Fed’s Cook ready to hike rates ‘if necessary’
The Federal Reserve governor said inflation is too high but said she ultimately voted last week to hold interest rates steady to give recent economic trends more time to play out.
Global Payments bets on AI to boost point-of-sale reboot
It has been one year since the payments fintech launched Genius, its refreshed point-of-sale and payments platform, as a lynchpin in the company’s attempted turnaround. Now, the company is looking to add more conversational AI features.
Mutual advocates hope new rules can halt sector’s long slide
Supporters of mutual banks are lining up behind a proposed regulatory overhaul. The Fed’s plan would make it easier for depositor-owned banks to raise capital.
3 types of social capital behind financial advisor success
Speakers at The American College of Financial Services’ CAAFP like investing legend John Rogers shed light on how people fuel long-term success in the industry.
What advisors need to know about the rising costs of health insurance
Lifetime medical costs and ACA marketplace premiums are skyrocketing. Here’s how advisors are helping clients keep their retirements on track.
Redesigned workflows are banks’ path to a return on AI
Models, data and workflow are all important, but proprietary workflows create a competitive edge.
Solo pilots bank-fintech data sharing while Treasury watches
The fintech’s network lets banks and fintechs share results of KYC and KYB checks, known bad-actor lists and other customer information. A key use case: helping sponsor banks monitor their fintech partners’ compliance with banking regulations.
Asset-backed loan servicer applies for trust bank charter
The latest in a new breed of bank competitors is Zaria, a servicer of traditional and digital asset-backed loans for institutions, which has requested a national trust bank charter from the OCC.