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Is your bank rotten to the core?
Jul 4, 2020 10:15 AM ET

Is your bank rotten to the core?

iCrowdNewswire - Jul 4, 2020 - Core banking has evolved over time as banks became more sophisticated in managing customers and the breadth and variety of products they offer. I covered the “new core” for customer management, digital banking platforms (DBP) in my last post. In this post, I’ll focus on the “product core”. Most banks run multiple product cores, each system was developed or purchased to run in a silo as customers were typically managed. [more...]

Coronavirus Refunds: The Chicago Bears Provide Reimbursement Option To Season Ticket Holders
Jul 4, 2020 10:15 AM ET

Coronavirus Refunds: The Chicago Bears Provide Reimbursement Option To Season Ticket Holders

iCrowdNewswire - Jul 4, 2020 - As the pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. Sports teams, in one case, are offering to provide reimbursements to season ticket holders. The Chicago Bears are giving those who have season tickets the choice to be reimbursed and retain the capacity to renew tickets for next year’s season, 5Chicago reported, citing a letter from the. [more...]

Commerzbank shareholder calls for 7,000 job cuts
Jul 4, 2020 10:14 AM ET

Commerzbank shareholder calls for 7,000 job cuts

iCrowdNewswire - Jul 4, 2020 - Cerberus Capital Management, a shareholder in German bank Commerzbank, has called on the the bank to cut 7,000 jobs. Cerberus holds around 5% of Commerzbank According to Reuters sources, Cerberus, which owns a 5% share, wants to reduced personnel costs in a shakeup. Commerzbank employs around 48,000 people. A cut of 7,000 would lose 14% of its workforce their jobs. Cerberus has been a vocal shareholder in the bank. Earlier. [more...]

Lemonade lands $319m in IPO
Jul 4, 2020 10:13 AM ET

Lemonade lands $319m in IPO

iCrowdNewswire - Jul 4, 2020 - Lemonade, the New-York-based home insurance start-up, has closed its initial public offering (IPO), raising $319 million on 2 July. The SoftBank-backed insurtech sold 11 million shares priced at $29 each, implying a market capitalisation of approximately $1.6 billion. Lemonade commenced its IPO last week with an expectation that it would offer 11 million shares of its common stock at a price of between $23 and $26 per share. But high. [more...]

Union Investment Group picks BearingPoint for tax reporting
Jul 4, 2020 10:13 AM ET

Union Investment Group picks BearingPoint for tax reporting

iCrowdNewswire - Jul 4, 2020 - Union Investment Group picks BearingPoint for tax reporting Union Investment Group has selected BearingPoint for its FiTAX DAC6/MDR tax reporting solution. The reporting tool will be used across Germany, Austria and Luxembourg. Alexander Volland, project manager at the firm, says it looked for a “reliable partner who can also deliver a powerful software”. BearingPoint says that its system is able to react quickly to the new requirements in the reporting. [more...]

Audit Standards On Hot Seat In Wake Of Wirecard Scandal
Jul 4, 2020 10:13 AM ET

Audit Standards On Hot Seat In Wake Of Wirecard Scandal

iCrowdNewswire - Jul 4, 2020 - The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 billion Wirecard AG fraud fiasco. Auditors should be required “to find fraud rather than stumble over it,” Donald Brydon, appointed last year to overhaul audit standards in the United Kingdom, told the Financial Times. Brydon’s comments come as the spotlight in the Wirecard AG mess turns to Ernst & Young,. [more...]

UK opens virtual fintech trade mission to APAC
Jul 4, 2020 10:12 AM ET

UK opens virtual fintech trade mission to APAC

iCrowdNewswire - Jul 4, 2020 - The UK has set up a virtual fintech trade mission with the Asia Pacific region through the aid of market entry firm Newfound. Australia has around 630 active fintech firms Launch partners for the mission include Tech Nation, Edelman, FinTech Australia, Level 39, the New South Wales Government, and the British Australia Society. The project is launching via a free event opened by the Lord Mayor of London, William Russell.. [more...]

Brazil Banking Head Calls For Probe Into WhatsApp Payments
Jul 4, 2020 10:12 AM ET

Brazil Banking Head Calls For Probe Into WhatsApp Payments

iCrowdNewswire - Jul 4, 2020 - WhatsApp will be allowed to operate its payments service in Brazil once the company formally seeks permission and shows it can operate in the country without putting customers’ data at risk or violating rules intended to preserve competition, the company’s chief central banker said Thursday, according to Reuters. Roberto Campos Neto also said in a webcast reported via the Congresso Em Foco news site that the government never blocked the service, which Facebook. [more...]

Chinese Banks Vie For SMBs With New Virtual Bank Applications
Jul 4, 2020 10:12 AM ET

Chinese Banks Vie For SMBs With New Virtual Bank Applications

iCrowdNewswire - Jul 4, 2020 - New Chinese lender Ping An OneConnect, along with HSBC, are both working to help ease small- to medium-sized businesses (SMBs) into new virtual, more efficient bank accounts, a report from Yahoo Finance says. The idea is a response to the surge in new virtual lenders with no physical locations, now a source of conflict for the city’s banking sector. The Hong Kong Monetary Authority (HKMA) issued eight virtual banking licenses last year as a way to. [more...]

American Express GBT launches SME cashflow platform Neo1 in UK
Jul 4, 2020 10:11 AM ET

American Express GBT launches SME cashflow platform Neo1 in UK

iCrowdNewswire - Jul 4, 2020 - American Express Global Business Travel (GBT) has launched its new spend management platform, ‘Neo1’, in the UK. Designed for small and medium-sized enterprises (SMEs), the free online service helps finance teams manage cashflow. SMEs can set up the platform “in less than five minutes” GBT is a multinational travel and meetings programme management company, headquartered in New Jersey. It is a joint venture that is not wholly owned by American. [more...]

Insurance Tech Firm Lemonade Soars 139 Pct On First Trading Day
Jul 4, 2020 10:11 AM ET

Insurance Tech Firm Lemonade Soars 139 Pct On First Trading Day

iCrowdNewswire - Jul 4, 2020 - Tech companies’ initial public offerings (IPOs) can be grossly mispriced, as evidenced by some companies like Lemonade and Agora which have leapt up close to or even more than 150 percent in price after going public, CNBC reports. The problem, according to venture capitalist Bill Gurley of Benchmark, quoted by CNBC, is the system. “They are ignoring demand when they price. On purpose,” he wrote in a text message, according to CNBC. “This problem is systematic. Because. [more...]

US challenger Point lands $10.5m for debit-credit hybrid
Jul 4, 2020 10:10 AM ET

US challenger Point lands $10.5m for debit-credit hybrid

iCrowdNewswire - Jul 4, 2020 - Point, a San Francisco-based challenger bank, is launching its service later this month following a $10.5 million funding round, TechCrunch reports. The fintech has been running its private beta for the last year. The app is designed for retail consumers and offers a combined debit card. The start-up’s model is centred around rewards, which rest on a point-based system The start-up wants to reproduce the experience of a credit card,. [more...]

Chapter 11 Filings Are Up 43 Pct YOY
Jul 4, 2020 10:10 AM ET

Chapter 11 Filings Are Up 43 Pct YOY

iCrowdNewswire - Jul 4, 2020 - Almost 3,600 businesses filed for Chapter 11 bankruptcy in the first half of 2020, marking a rise of 26 percent, The Wall Street Journal reported. The rise comes as more companies succumb to the financial ills of the pandemic and are looking for protection against creditors, according to legal services firm Epiq Services. In 2019, there were 2,855 Chapter 11 filings by the end of June, for comparison, marking a 43 percent rise. [more...]

SoftBank-Backed OPay Pauses Ride-Hailing, Logistics Services In Nigeria
Jul 4, 2020 10:10 AM ET

SoftBank-Backed OPay Pauses Ride-Hailing, Logistics Services In Nigeria

iCrowdNewswire - Jul 4, 2020 - OPay, the SoftBank-backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports. The operations affected include ride-hailing services ORide and OCar, and logistics service OExpress, Bloomberg reports. The government ban happened when Lagos, the government hub of Africa’s largest economy, banned motorbike passenger service in January, according to director of marketing Osagie Alonge, Bloomberg reported. He said the bulk of drivers. [more...]

Jefferson by Luca Nichetto for Lodes
Jul 4, 2020 10:09 AM ET

Jefferson by Luca Nichetto for Lodes

iCrowdNewswire - Jul 4, 2020 - VDF products fair: Venice lighting brand Lodes is presenting the Jefferson glass pendant light, designed by Luca Nichetto, to coincide with the launch of its rebrand. Lodes, which was previously known as Studio Italia Design, designed the statement Jefferson light in collaboration with Nichetto as a reference to the psychedelic art typical of the 1960s. It is the first product presented by the brand under its new name and rebrand, which was developed to. [more...]

Jul 4, 2020 10:09 AM ET

How to get free CP in COD Mobile

iCrowdNewswire - Jul 4, 2020 - How to get CP for free in COD Mobile (Picture Courtesy: Wallpaperacess.com) COD Mobile has amassed a large player base in the short span of time since its release about nine months ago. The game features a lot of maps, among other things, from the original Call of Duty franchise. The various game modes in COD Mobile have kept players from leaving the game, and in fact increasing its player base. The. [more...]

Jul 4, 2020 10:09 AM ET

5 players who could leave Bayern Munich this summer

iCrowdNewswire - Jul 4, 2020 - Bayern Munich are likely to face some high profile exits this summer Bayern Munich have begun their transfer activities in full swing. They have already announced the arrival of promising German goalkeeper Alexander Nubel on a free transfer in January. Earlier this week, they signed Tanguy Nianzou Kouassi, a huge defensive prospect who turned 18 in June, as a free agent from Paris Saint Germain. Then came the icing on the cake as. [more...]

Jul 4, 2020 10:09 AM ET

5 players who could leave Bayern Munich this summer

iCrowdNewswire - Jul 4, 2020 - Bayern Munich are likely to face some high profile exits this summer Bayern Munich have begun their transfer activities in full swing. They have already announced the arrival of promising German goalkeeper Alexander Nubel on a free transfer in January. Earlier this week, they signed Tanguy Nianzou Kouassi, a huge defensive prospect who turned 18 in June, as a free agent from Paris Saint Germain. Then came the icing on the cake as. [more...]

Jul 4, 2020 10:09 AM ET

Valorant: Onscreen’s graphics, crosshair and other in-game settings

iCrowdNewswire - Jul 4, 2020 - Image Courtesy: Onscreen's YouTube channel Valorant’s closed beta has been incredibly successful as it not only garnered ridiculous levels of popularity- drawing in players from innumerable countries and different game genres- but it also made a lot of professional gamers and streamers leave their existing games to seek a new career in Riot Games' new tactical shooter. Craig “Onscreen” Shannon was one of the many streamers who had made the. [more...]

Jul 4, 2020 10:09 AM ET

PUBG Mobile vs Free Fire: How different are the guns?

iCrowdNewswire - Jul 4, 2020 - Free Fire vs PUBG Mobile (Picture Courtesy: Free Fire and PUBG Mobile) Free Fire and PUBG Mobile are two of the most popular mobile battle royale games today, and have racked up millions of downloads, along with large and loyal fan bases.  Both these games have a variety and depth in arsenal that players can use to take down foes on the battleground. Weapons are divided into several categories in both PUBG. [more...]

Jul 4, 2020 10:09 AM ET

GTA Online: How to get free money in 2020

iCrowdNewswire - Jul 4, 2020 - Get free money in GTA Online (Image Courtesy: PCGamesN) Every GTA Online player knows the value of money in the game, which is why they are constantly on the lookout for ways in which they can get free money. Rockstar Games’ offer to get free money in GTA Online Rockstar Games had given GTA Online players the perfect opportunity to get their hands on one-and-a-half million GTA dollars back in. [more...]

Jul 4, 2020 10:09 AM ET

5 Things WWE SmackDown got right this week (July 3, 2020)

iCrowdNewswire - Jul 4, 2020 - SmackDown put on a rather interesting show this week WWE SmackDown had a few matches and segments scheduled for this week, most of which were booked to push the Extreme Rules: The Horror Show event. Bray Wyatt will meet Universal Champion Braun Strowman at the event in a Wyatt Swamp Fight in a non-title match. Nikki Cross will challenge Bayley for the SmackDown Women’s Championship, while Sasha Banks has her eyes. [more...]

Jul 4, 2020 10:09 AM ET

Team Stokes vs Team Buttler: Batsmen dominate on the final day

iCrowdNewswire - Jul 4, 2020 - Anderson and Leach share a light moment The intra-team warm-up match between Team Stokes and Team Buttler came to an end on Friday after both teams batted on the final day. All the batsmen who are crucial to the side's upcoming series had a good stay at the crease and played meticulously, which will add to the selectors' headache. Resuming 54 ahead of Stokes' side, Team Buttler's opening pair of. [more...]

Jul 4, 2020 10:09 AM ET

I didn’t realise Sachin Tendulkar was going to be such a big name in cricket: Waqar Younis

iCrowdNewswire - Jul 4, 2020 - Sachin Tendulkar Sachin Tendulkar’s debut in international cricket as a 16-year-old couldn’t have come against a harder opposition than Pakistan. The Little Maestro, who was already dubbed a ‘batting prodigy’ on the back of his exploits at school, faced the combined pace battery of Wasim Akram, Waqar Younis and Imran Khan in his first-ever Test outing. Pace legend Waqar Younis, who was himself just an 18-year-old during the 1989 India-Pakistan Test series, has. [more...]

Jul 4, 2020 10:09 AM ET

Klopp: I’m still the normal one

iCrowdNewswire - Jul 4, 2020 - Liverpool manager Jurgen Klopp Jurgen Klopp insisted he was "still the normal one" despite delivering a long-awaited league title for Liverpool. Liverpool have secured their first league title since 1990 after a dominant Premier League campaign. After taking the helm at Anfield in October 2015, Klopp labelled himself 'the normal one' – and the Liverpool manager said that had not changed. "I am still the normal one. I. Am. Not.. [more...]

Jul 4, 2020 10:09 AM ET

Two-time Olympic gold-medalist Lin Dan announces his retirement from badminton

iCrowdNewswire - Jul 4, 2020 - Lin Dan has announced his retirement from his illustrious badminton career China's two-time Olympic badminton champion Lin Dan has announced his retirement at the age of 36. This means that the left-hander, who was the Olympic champion at the 2008 Beijing Games and the 2012 London Games as well as a five-time winner at the World Badminton Championships, will not be seen in the next Olympics in Tokyo. In a statement released. [more...]

The Six Retail CEOs Who Could Set Off Fireworks This Year
Jul 4, 2020 10:09 AM ET

The Six Retail CEOs Who Could Set Off Fireworks This Year

iCrowdNewswire - Jul 4, 2020 - Retail CEOs faced a parade of problems in 2020’s first six months, but some executives look ready to set off plenty of fireworks in the year’s back half.  Who will come up with revolutionary solutions to the COVID-19 slowdown and other challenges? Here’s a July 4th look at some top executives in retail who seem ready to declare their independence from business as usual in 2020’s final six months.  Katrina Lake, CEO,. [more...]

Álvaro Siza builds Casa Wabi ceramics pavilion with a thatched roof
Jul 4, 2020 10:08 AM ET

Álvaro Siza builds Casa Wabi ceramics pavilion with a thatched roof

iCrowdNewswire - Jul 4, 2020 - A curved brick wall encloses the open-air complex for ceramics that Portuguese architect Álvaro Siza designed as part of the artist retreat Casa Wabi in Puerto Escondido, Mexico. The Pritzker Prize-winner was tasked by Casa Wabi Foundation founder Bosco Sodi to build the pavilion as a space for children who live in the area to learn the local clays techniques of Oaxaca. It also hosts artists on Casa Wabi's residency programme. "The pavilion is aimed to host. [more...]

The Great (Muted) Fourth Of July Holiday Trek
Jul 4, 2020 10:08 AM ET

The Great (Muted) Fourth Of July Holiday Trek

iCrowdNewswire - Jul 4, 2020 - Not planes. Not trains. Automobiles. The question becomes: What happens once we get where we are wheeling — amid the great summer trek of 2020? You may not be reading this because you are on the road, possibly bumper to bumper, cursing the pandemic for making holiday travel feel nothing like the getaway you and the family had coveted (unless you’re using COVID-19 as a convenient way to really socially. [more...]

Santander launches Mi Vuelta COVID-19 track and trace app
Jul 4, 2020 10:07 AM ET

Santander launches Mi Vuelta COVID-19 track and trace app

iCrowdNewswire - Jul 4, 2020 - Santander has launched its “Mi Vuelta” coronavirus track and trace app in a bid to get its workers back into its offices by mid-August, according to an internal source speaking exclusively to FinTech Futures. Mi Vuelta, which is a Spanish translation meaning “coming back to the office”, will initially be used in its Spanish branches and offices. The internal app, which allows employees to report any symptoms, “will be available. [more...]