What Freedom Day really means for the economy.

Everyone wants to look past it, but it is what it is. There are still 5 million fewer jobs in the USA, over 3% of the workforce, than pre-Covid. Many have simply given up. If we add that 3% to the unemployment rate, we get a better idea of how well the employment situation is really going. Over 8%, is not a strong economy.

Summary: US September Non-Farms Payrolls disappointed with a mediocre Jobs creation number of +194,000, way below median expectations of 500,000. However, the Unemployment rate fell to 4.8% from 5.2% in August, due to reduced participation. And the August Jobs number was revised upwards to 360,000 from 235,000. At the end of the day, the Dollar Index (USD/DXY) which measures the value of the Greenback against a basket of 6 major currencies, was mildly lower to 94.10 (94.20 Friday).

• Temenos partners with Silicon Valley-based Mbanq to power innovative Credit Union-as-a-Service (CUaaS) offering for US Credit Unions, a market estimated at $3.6bn annually
• Mbanq’s CUaaS, powered by The Temenos Banking Cloud, enables Credit Unions to gain faster time to market with cutting-edge digital financial services for members at a reduced total cost of ownership

Tide, the UK's leading business financial platform, which began operations in India in 2020, recently facilitated the secondary sale of Employee Stock Ownership Plan (ESOPs) to investors for its employees in India, Bulgaria and the UK, following its recent Series C funding, due to oversubscription. Approximately 50-percent of all permanent employees have been allotted ESOPs at various levels across all departments.

PPS, an Edenred company, today announces its partnership with UK-based Sprive, the first of its kind mortgage overpayment app designed to help homeowners become mortgage free faster and save interest.

Move provides fast and automated onboarding for financial institutions via open APIs, enabling them to bring innovative payments solutions to customers at speed

People say the '20s are an age full of temptation. The temptation to shop for hype goods, hang out, travel, and eat anything is dramatically rising. Filling the temptation in the name of enjoying life often makes you forget about long-term plans. Finally, when you enter your 30s, you regret that decision, with the condition that there was not much investment and savings for the future.

Commenting on the drop in US unemployment and the Fed’s tapering schedule, Caleb Thibodeau - Associate, Global Capital Markets for Validus Risk Management, said: “Today’s jobs report has sent somewhat of a mixed signal, with a big miss in payroll figures versus expectations, yet a 0.3% drop in the unemployment rate to a fresh low since the beginning of the pandemic. This drop in unemployment to 4.8% appears to be a result of fewer Americans actively searching for new work.

Profile Software, an international financial solutions provider, announced today its participation, at TSAM London 2021, the leading Summit for Asset Management in the financial domain, taking place on 13^th October 2021 at Park Plaza Westminster Bridge, London, UK.

The number of automated deposit ATMs continued to grow in 2020, driven by branch transformation initiatives and the continuing migration of cash transactions away from the teller

Banks are smartening their approach to self-service banking