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Fiserv tests a hub approach to embedded finance
Sunil Sachdev is Fiserv’s new head of embedded finance. In the push to bring banking services to merchants’ platforms via embedded finance, core provider Fiserv has lacked one thing: a holistic vision of users’ finances.That component fell into place recently as Fiserv unpacked the capabilities of Finxact, a core bank ledger provider the financial giant…
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EU funding delays imperil Ukraine’s ‘macro-financial stability’, says official
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ukraine has warned that political squabbling between EU capitals on a fresh financial package for Kyiv is putting the country’s “macro-financial stability” at risk, compounding concerns over future funding from the US.Brussels has proposed a €50bn package…
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Analysis | Did Trump violate campaign finance laws (again)?
The most newsworthy part of Barton Gellman’s new interview of tech entrepreneur Peter Thiel for the Atlantic is that Thiel is swearing off campaign contributions. He’d been a big donor to Donald Trump’s 2016 campaign, earning a speaking spot at that year’s convention. More recently, he’d provided millions of dollars to political action committees supporting…
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Denmark To Finance Green Transition With New Passenger Tax
The Danish government has confirmed plans to introduce a new air passenger tax on domestic and international routes that it claims will “turbocharge the green transformation of aviation.”The proposed tax will be phased in from 2025 and be fully implemented by 2030. The cost is expected to average at DKK70 ($10) per passenger in 2025,…
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Here’s why it ‘doesn’t make financial sense’ for Americans living abroad to give up their U.S. citizenship, one expert says
Year-end Planning Americans who move abroad still have a responsibility to file their taxes with the IRS. While giving up American citizenship to avoid paying U.S. taxes may sound like a tempting idea, experts advise against it. “It typically doesn’t make financial sense, and there’s a few reasons why,” said Italy-based Alex Ingrim, a financial…
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Introducing the 2023 winners of Tearsheet’s SMB Finance Awards
Tearsheet is concluding our inaugural SMB Finance Awards — an awards program that acknowledges and honors the best financial services companies, products, and players serving SMBs. The SMB Finance Awards are an opportunity to showcase product excellence in SMB finance, recognizing the companies and individuals who are driving innovation and growth in this vital sector of the economy. Applicable…
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Deal spotlight: Progress and gaps in global climate finance
Impact Investing | October 13, 2023 State of the Impact Field: Unprecedented opportunity tempered by sober realism (video) This week’s Agents of Impact Call continued a tradition started nearly a decade ago by Fran Seegull of the US Impact Investing Alliance …
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Citigroup resumes retail banking sale in Poland
GDANSK, Nov 10 (Reuters) – Citigroup has resumed the process of selling the retail business of Bank Handlowy (BHW.WA) in Poland, Bank Handlowy CEO Elzbieta Czetwertynska said on Friday, adding that talks with interested investors may begin in the next few months.”Citi has resumed the process of selling its retail banking business of Bank Handlowy…
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How can policy makers support finance industry action on net-zero: Establishing an appropriate emission scope
Absolute emissions must be reduced across the entire value chain to limit global temperature rise to 1.5°C and limit the dire consequences of climate change. Delaying action will only make this harder and lower the chance of decreasing greenhouse gas (GHG) in the atmosphere through carbon removal. To reach net zero by 2050, swift and…
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Financial guru says living paycheck to paycheck is ‘relatable’ because so many Americans are dealing with it
<!–> “Financial Planning Made Personal” author Larry Sprung explains why many people rallied behind House Speaker Mike Johnson following harsh report. Some Americans rallied behind House Speaker Mike Johnson, R-La., after a report last week nitpicked his personal finances and put a harsh spotlight on the possibility that he might live paycheck to paycheck.…