How a cross-border fintech manages the geopolitical storm

dLocal, whose clients include Amazon and Uber, is trying to build a global transaction network amid a heightened awareness of “payments sovereignty.” Yang Yang Zhang, dLocal’s new APAC head, spoke with American Banker about how the firm is managing the pressure.

Fed’s Barr noncommittal on September rate hike

Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.