Old Glory Replaces Mercury for Easy LLC Banking
Mercury used to be the go-to but their onboarding has gotten harder. Old Glory is the current recommendation for LLC business banking. No affiliate link, no partnership, just consistently easy to work with. Most people are getting accounts there without issues. DWP is working on additional banking solutions as well.
April Payroll Deposits Hit Two‑and‑half‑year High
"Payrolls growth in Bank of America customer deposit account data was strong in April." "the highest growth in two-and-a-half years" https://t.co/YCyshtAbPV
Democrats Block Bill, Paving Way for Digital Dollar
Senate Democrats just blocked the bill that would’ve stopped the Fed from creating a CBDC. Read between the lines... They WANT a government-controlled digital dollar. Every transaction tracked. Every purchase monitored. Less financial freedom. https://t.co/8IBwE1aOwz
Credit Card Debt Growth Slows, Disproving Hassett's Forecast
FWIW, the growth in credit card debt has slowed sharply https://t.co/wbA0n3Maew That's not necessarily good or bad, but it does mean Hassett is wrong on this.
Banks Redefine Yield: From Rebates to Staking Rewards
Banks aren't giving up on banning passing yield to consumers. 😡 For them, the stablecoin yield debate now moves to "what counts as evasion?" It is now about what counts as yield? Fee rebates? Rewards points? Trading incentives? Staking rewards? --...
ECB Hosts ESMA Chair to Discuss EU Capital Market Integration
Happy to welcome ESMA Chair Verena Ross to the @ecb today. We had a good discussion about the Savings and Investments Union, the integration of EU capital markets, and the broader economic outlook. https://t.co/nzStkOz1os
Leadership Must Adopt Digital Mindset to Modernize
You can’t modernize the experience while holding onto legacy thinking. If leadership hasn’t embraced digital transformation at its core, even the best solutions will fall short. https://t.co/seawvdGwoN
His Holiness Deemed PEP, Triggers Enhanced Bank Due Diligence
In the defense of the unnamed bank, His Holiness is, under U.S. law, ~certainly a politically exposed person (PEP) as a head of state, and therefore a wide range of routine things need enhanced due diligence. Also, possible the banker's UI...
Gen Z Drives Rise in Prime Credit Scores Nationwide
Good news: Gen Z is very credit conscience, and they are driving an upward shift in the share of Americans with prime credit scores. I would assume rent reporting to credit bureaus (relatively new thing) is a marginal contributor to the...
Beware Low‑down‑payment Home Deals Despite Low Rates
You’re 39, $320k TC. Renting for $4,500/mo. Two kids. Rates dropped to 5.8% and your agent says “marry the house, date the rate.” You’re under contract on a $1.5M home. 5% down = $75k. **Here’s the trap**:
South Korea's First Bank‑Led KRW Stablecoin Uses Post‑Quantum Security
🇰🇷 South Korea’s first bank-led KRW stablecoin POC will use $BTQ’s post-quantum security tech. Built on Kaia and connected to ecosystems originally developed by Kakao and LINE. Post-quantum security is starting to become part of real financial infrastructure. https://t.co/2a1VZc3QxV
Morgan Stanley Brings Crypto Trading to Everyday Investors
Morgan Stanley just launched crypto trading on its E*Trade platform. 🚀 Millions of everyday investors can now easily buy Bitcoin and other crypto straight through one of Wall Street’s largest banks. https://t.co/mdx3aYnRvo
Credit Risk Hinges on Underwriting, Not Origination Source
Apollo CEO Marc Rowan on firm's 1Q call: "The notion that a loan is somehow riskier because it wasn't originated by a bank is not a coherent argument. Private credit is just credit. You underwrite it well and it performs....
Small-Dollar Mortgage Market Has Vanished Since 2008 Crisis
"Since the 2008 financial crisis, the market for small-dollar mortgage loans has collapsed." https://t.co/VNL42Vui9C https://t.co/YZb58oQg2G
Fintech Failure: Parker Card Shuts Down Without Notice
Another messy fintech collapse: Parker Card, a credit card/bank account for ecommerce SMBs abruptly shut down with seemingly no advanced notice:
Community Banks Thrive Through Focus, Strategy, Execution
Scale no longer guarantees dominance in banking. In this episode, Ryan Bailey, of @CambridgeBank, explains how community banks can win with focus, strategy, and execution. 👉 Watch here: https://t.co/fmSZHwoVzs https://t.co/u9AvcTQcGO
Banks Favor Predictable, Essential Service Industries for Loans
15 industries banks consistently fund: – healthcare groups – HVAC businesses – pest control networks – waste haulers – senior care facilities – freight operators – security firms – funeral groups – veterinary practices – behavioral health – B2B cleaning – cold storage – water treatment – industrial services – radiology networks predictable businesses attract predictable lending
Stablecoins Dominate This Year’s Merchant Payments Ecosystem Discussion
Stablecoins was one of the biggest topics covered at Merchant Payments Ecosystem this year, and it's easy to see why with so much going on in the space. Listen in on YouTube 👉 https://t.co/36mviTIKDV @IgorTomych @FintechGarden #FintechPodcast
India’s Cautious Stance Overlooks Decades of Foreign‑owned Success
In an article today in Bloomberg the journalists talk about how Shriram Finance deal is a test deal for India because of (among others) "India's guarded embrace of foreign capital" Who will tell these guys about presence of very high (even...
CIOs Must Govern AI Decisions on Claims, Loans
Should an insurance company let an autonomous AI agent decide which claims to approve? Should AI make the final call on loan applications? These aren't hypothetical questions - they're ones CIOs need to answer now. #CIO #AIGovernance https://t.co/iNfGKDSPeN
FlexSuperApp Delivers Wow‑Inducing Banking Experience
LOVE our @FlexSuperApp bank, it's the only banking experience I've ever had where I audibly said 'Wow'. (in a good way)
Execution Gap: Knowing Change Yet Failing to Act
The biggest threat to your bank is not fintech or big tech. It is knowing what needs to change and still not acting. In this episode, @rshevlin, of @CstoneAdvisors, and I tackle the execution gap head on. 👉 Watch the full...
Villeroy Says ECB Lacks Data for Rate Hike
ECB doesn’t see enough yet to warrant a rate hike, says Villeroy (who won’t be in office anymore when the ECN next sets rates) https://t.co/jwn0TZ30hT via @WHorobin https://t.co/bqeIXgSyEL
Banking Value Shifts From Products to Ecosystem Experiences
The definition of value in banking has changed. It’s no longer just products. It’s experiences, partnerships, and outcomes delivered across an ecosystem. https://t.co/axDzv8SC0s
Anthropic Launches 10 AI Agents for Finance Tasks
Work in finance? -> Anthropic unveils 10 new AI agents for the financial sector, including for drafting pitch decks, reviewing financial statements, and escalating compliance cases "Anthropic PBC unveiled a set of new artificial intelligence agents designed to handle a...
Crypto Firms Push CLARITY Act, Ban Passive Stablecoin Yields
Crypto companies including Coinbase are urging Congress to move on the CLARITY Act. A recent proposal would ban yield-like incentives for simply holding stablecoins, but allow rewards tied to spending or using them. Coinbase CEO Brian Armstrong urged the Senate...
Three Neobanks Command Over 80% of Swiss Market
🇨🇭How neobanking reached mainstream adoption in #Switzerland: Of the #neobanks' nearly 2.3 million customers, #Revolut, @Yuh_app, and #Neon collectively capture >80% of the Swiss market. @IFZ_Zug/@HSLU via @FintechCH. #neobanks #fintech #DigitalBanking https://t.co/TXoUDr65oF
Great APIs Demand Ethical Decisions, Not Just Feasibility
When all banks are in the command line The question stops being "can we build this?" And starts being "should we build this?" With great APIs comes great responsibility
Embedded AI Will Transform All Sectors, Not Just Healthcare
This isn’t just healthcare. Education, banking, and daily decision-making will all be guided by an embedded AI layer that works alongside us. https://t.co/as0yqLleRs
Standard Chartered Backs Crypto Firm GSR with $150M
Standard Chartered just staked $150M in crypto trading firm GSR at a $1B valuation. This big bank move shows traditional finance doubling down on crypto infrastructure as market momentum starts to build. https://t.co/fDXqaagRkz
Tokenization Boom: Choose Open Architecture or Institution‑Centric Networks
Investing in the Tokenization Megatrend The two competing networks: Open architecture networks and Institution-centric networks. https://t.co/f9xh0mGAj1 https://t.co/KGXBWoMKI7
China, Indonesia Debut Cross‑border QR Payments, Boosting Yuan
SCMP: "China and Indonesia have launched a new cross-border QR payment system, marking the latest step in Beijing’s drive to build a regional digital payments network as it pushes to internationalise the yuan and reduce dependence on the US dollar." https://t.co/NEt62G5jZ7
Bank of Italy Pushes EU to Assess Tokenized Euro Payments
JUST IN: Bank of Italy urges EU to evaluate a tokenized version of Europe’s euro payments system.
HSBC Q1 Profit Misses Forecasts Amid Rising Credit Losses
JUST IN: HSBC's first-quarter pre-tax profit was below estimates due to higher expected credit losses.
London Bank's Q1 Profit Flat Amid Middle East Credit Hits
JUST IN: The London-based bank's first-quarter net profit was largely flat, as higher credit charges from the Middle East conflict offset gains in its Hong Kong, U.K., and wealth businesses.
SWIFT Trades Surge; SIPS, Alternatives Rise Fast in Asia
SWIFT $ trades hit a high at 51%. But SIPS and alternatives are growing quickly from a very low base. Global trade risk is evolving at an exponential pace and risk managers need to be alert to the consequences both...
Use an LLC Business Account to Avoid Crypto Freezes
Moving large crypto proceeds to a personal bank account will get flagged and frozen. It happens. The fix is an LLC with a seasoned business bank account and a private banker who knows a liquidity event is coming. Through DWP,...
Transparent Regulation Drives Capital and Economic Success
"Why are Singapore and the US doing so well? Because they have a transparent regulatory regime, which attracts capital." -- @perkinscr97 https://t.co/FMqyYrTcif
Bank Lending Standards Hold, Residential Loan Demand Slips
SLOOS: "For loans to households, banks reported basically unchanged lending standards and unchanged or weaker demand for most categories of residential real estate (RRE) loans on balance." https://www.federalreserve.gov/data/sloos/sloos-202604.htm
Mortgage Rates Climb to 6.56%, Still Below Last Year's Peak
Mortgage rates jump 12bps today to 6.56% The local high was 6.64% on March 27 6.90% a year ago https://t.co/ai6sRzy4fP
Eurogroup Tackles Banking Union, Consolidation, Middle East War Impact
In Brussels today for the #Eurogroup meeting. We discussed: 🔹 update on banking union 🔹 cross-border banking consolidation in the 🇪🇺 🔹 the economic impact of the war in the Middle East https://t.co/q79ecOFewJ
Turn Data Insight Into Action with AI‑Driven Engagement
The real power of data is not in what you know. It’s in what you do with it. Using transaction data, life-stage signals, and AI to drive timely engagement turns insight into action. https://t.co/GQaoHSWVs8
Customers Shift Deposits Faster than Banks Anticipate
While banks debate strategy, customers are already moving. Deposits are shifting. Expectations are rising. In this episode, @rshevlin, of @CstoneAdvisors, and I discuss why the gap between intent and action is widening. Watch the full episode: https://t.co/NspXtyEIEW https://t.co/ZZGXQbZzOw
AI Moves to Frontline, Shaping Bank Decisions
AI is moving from back office to front line in banking. Bank of America is deploying AI agents to support advisers in real time, shaping client interactions and recommendations. The shift is structural. AI is no longer assisting processes, it is starting...
Chinese Banks Stuck Between US Sanctions and Beijing Orders
US Sanctions Just Hit a Whole New Level: China's No-Win Crossfire Trap China’s banks are now caught in the sanctions crossfire. Beijing just activated its blocking law & ordered firms to defy US sanctions on its refiners. Comply with US sanctions? Chinese courts...
NAB H1 Profit Rises, Revenue Miss Fuels Trim
NAB 1H26: underlying profit +6.4% but revenue missed; statutory profit hit by software amortisation; CET1 11.65% (pro‑forma 12.05%). Risks: margin pressure, investor scepticism. Trade: trim NAB on earnings gap. 📉 — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Three Must-Have Requirements for Home Buying Qualification
If you don’t have these three things then you can’t qualify to buy a house
Bank Credit Risks Soar Beyond Historical Scale
“.. The sizes we’re talking about . . . they’re out of scale to anything we’ve thought about, ever,” said Matthew Moniot, co-head of credit risk sharing at Man Group. “Banks very quickly start choking.” @FT $XLF https://t.co/f8bCUJdOTK https://t.co/VHZ9tCbdaI
Loans Hit Record High, GDPNow at 3.7%
H.8 Fed Reserve Data: loans grew 8th straight week, the 13th week in 15, and 24th in 28 to a record high. C&I led rising 13th week in 15. Front line of economic activity. Atlanta Fed...
Modernization Is Essential to Govern Amid Rapid Machine Threats
Great read: Mythos, Glasswing and the End of the Legacy Truce in Banking - Paul Krogdahl `In this new world, progressive modernisation is no longer a nice-to-have transformation agenda. It is the practical programme for staying governable when machines can...