30% of US plans analyzed by fintech company RiskFirst have assets equal to or exceeding 95% of their liabilities on an accounting basis, according to RiskFirst data. Analysis of some 500 plans with assets of over $100bn highlights that the number of plans within this funding level band – which arguably puts them within reach of a buyout or termination (given the premium required to match current annuity pricing, offset by the increasing costs of plan management) – has increased by 50% in the first half of 2018.
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Cryptocurrencies are now just as safe and easy as a regular bank account
In Nigeria, a country of nearly 200 million people, 61% of the adult population is un- or underbanked. Fintech companies like Paylater represent a tremendous opportunity to get formal banking services in the hands of Nigerian consumers to provide much needed liquidity for entrepreneurial investment, personal development, or unexpected expenses.
Mistertango, the first crypto-friendly payment company, today revealed that contrary to perception, 88% of crypto exchanges want industry regulation. Respondents believe regulation is needed for the industry to mature with nearly a third fearing a major market crash and sudden devaluation of assets without change. Despite the desire for regulation, law makers must be careful not to regulate cryptocurrencies out of existence.
Ahead of the 22nd Annual Bank Capital Management Conference , we spoke with Daniel O’Neill, Head of Capital and Liquidity Management Models at Nordea about Pillar 2 capital and the key changes as a result of ICAAP.
To view the Conference Agenda, click HERE!
Integral OCX average daily volumes reach $35.3 billion in July
High street bank to take strategic minority stake in MarketInvoice
Barclays has today announced that it is partnering with leading fintech business MarketInvoice, Europe’s largest online invoice financing platform, in a deal that is set to transform the way small and medium enterprises (SMEs) in the UK manage cash flow and accelerate growth.
Mambu, the leading SaaS engine powering innovative lending and deposits, today announced it has achieved ISO/IEC 27001:2013 certification for its Information Security Management System (ISMS).
According to the Allianz Risk Barometer 2018 business owners consider cyber incidents to be the second greatest threat to their organisations – rising from third place in last year’s survey. Cyber threats were second only to business interruption, with respondents citing a cyber incident as the most feared cause of business interruption.
Bezant -- a blockchain-as-a-service (BAAS) platform for enterprises to build dynamic services and applications on top of its blockchain network -- today announces its collaboration with SIX Network. Combining their expertise in the content, payment, and blockchain space, Bezant and SIX Network pledge to unleash creativity and empower global content creators using the Bezant's blockchain platform.