article thumbnail

Disrupting The Remittance Market One Corridor At A Time

PYMNTS

It’s an exciting time and an opportunity for firms positioned to profit from the opportunity, which is what pushed Volopa to make its entrance into the market earlier this year with Oya, a new remittance corridor between the U.K. Oya is the first step in our plan to expand the business into other markets,” he said. “We and Nigeria.

Marketing 201
article thumbnail

What is TRACE Reporting? (Part 1 of 6)

Perficient

But private prices and volume discourage market activity and hurt liquidity, and a lack of transparency can have a negative impact on bond issuers. TRACE reporting was expanded in March 2010 to include agency-backed securities and again in May 2011 to include asset-backed securities. To promote transparency in the large U.S.

Report 294
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Re-Examining The Role Of Correspondent Banking

PYMNTS

The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

article thumbnail

Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. In May, Noto said SoFi's investor accounts had doubled in large part due to fractional shares, even in spite of how volatile the markets have been.

Report 269
article thumbnail

Lenovo Leads PC Sales Spike With 24 Pct Market Share

PYMNTS

The annual global sale of PCs saw its first gain since 2011, when sales went up 1.7 Ryan Reith, program vice president of IDC’s Worldwide Mobile Device Trackers, said it was a “wild” year, when “impressive market growth” ultimately put a stop to years of stagnation in the field. percent market share and 64.8 million units.

Marketing 131
article thumbnail

24 Big European Banks Take On Visa, Mastercard With Their Own Payment System

PYMNTS

In 2011, PYMNTS reported on the Monnet Project , where two dozen European banks from seven countries considered starting a new European card system. This is not the first time that European banks have tried such a model.

System 327
article thumbnail

Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

These contemporary banks are being built on cognitive computing, which became known in 2011 when IBM’s Watson computer defeated the top human contestants on the televised quiz show, Jeopardy. IBM has developed Watson Marketing capabilities to help banks discover insights beyond the abilities of conventional computing.

Marketing 156