Sun.Oct 08, 2023

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Cannabis firms are cut off from the US financial system, but relief is in sight

TheGuardian

US Senate is eyeing a bill that would allow banks to do business with cannabis companies – now, if only they would vote on it Imagine that you run a perfectly legal business but are unable to open a simple checking account at a national bank. Believe it or not, that’s the case right now for anyone licensed to sell cannabis in the US. Given the size of the cannabis industry, it’s pretty shocking.

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Terry Rasmussen's long journey to becoming the CEO of Thrivent

American Banker

Rasmussen, a Minnesota native started, her professional career as a dental hygienist and after a series of twists and turns, she now runs Thrivent, a multibillion-dollar fraternal benefit society.

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Bank of England sounds out buyers for Metro Bank including NatWest

TheGuardian

JP Morgan also approached as Metro reportedly tries to thrash out rescue package with investors The Bank of England’s regulatory arm is understood to have approached a number of big lenders in the past few days, including NatWest and JP Morgan Chase, to see if they had any interest in the embattled high street rival Metro Bank. JP Morgan Chase examined a potential bid to take over the whole of Metro after speaking to the Prudential Regulation Authority (PRA) but decided on Saturday night not to

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Future-Proof Banking: Surviving in a World of Digital Ecosystems

The Financial Brand

This article Future-Proof Banking: Surviving in a World of Digital Ecosystems appeared first on The Financial Brand. Modern technologies are the foundation for a reset of existing business models in banking including AI, hybrid cloud, embedded solutions and BaaS. This article Future-Proof Banking: Surviving in a World of Digital Ecosystems appeared first on The Financial Brand.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Should Fintechs Buy or Build Their Way into Banking Today?

The Financial Brand

This article Should Fintechs Buy or Build Their Way into Banking Today? appeared first on The Financial Brand. Acquisitions aren't easy, but new charters for fintechs are elusive. A bank law veteran weighs options in which both banks and fintechs have a stake. This article Should Fintechs Buy or Build Their Way into Banking Today? appeared first on The Financial Brand.

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