Summary: The benchmark US 10-year treasury yield kept climbing, finishing another 4 basis points higher to 1.88% from 1.84% yesterday, and 1.78% Monday. In thin New York trade, a favoured gauge of the US Dollar’s value against a basket of 6 foreign currencies, the Dollar Index (USD/DXY) jumped 0.48% to 95.72 from 95.30 yesterday. Global equity markets slid with the DOW losing 1.4% to 35,470 (35,865). The Euro finished as worst performing FX, tumbling 0.72% against the Greenback (EUR/USD) to 1.1330 from 1.1395 yesterday.

We have warned our readers, but if you are caught invested in a bull market that is over, then it is time to invest in this just beginning bear market.

Happy Days.

Open Banking (also known as PSD2) requires the largest banks in the United Kingdom to make their valuable data available to the public, which might have significant implications for the way people manage their finances. The spread of COVID-19 accelerated the rise of Open Banking popularity, which was accompanied by executives showing a positive attitude towards that dynamic. As a result, the estimated number of Open Banking technology users including small and medium enterprises in the United Kingdom exceeds 4 million.

With latest acquisition, hyper-growth startup Chargebee leverages automation to enable subscription businesses to reduce online cancels while growing customer lifetime value

 Tradeteq, the leading technology provider for bank asset distribution, has selected United Arab Emirates as a base to service its clients in the Middle East, Africa and Indian subcontinent. The firm has incorporated an office at Dubai Multi Commodities Centre (DMCC), which it opened in January 2022.

Curve unveils a new card reflecting bold advancements the company has made to help people take control of their money

Curve, the financial super app which combines all of your debit, credit and loyalty cards into one, easy-to-use smart card, has unveiled a new card with a bold, updated design, reflecting the bold advancements the company has made to help people take control of their money.

The global fintech is replacing all bank cards with the new design. The card redesign signifies an evolution in the Curve card branding since it launched with a blue card in 2016. 

 Contour, the digital trade finance network, has appointed Elaine Ng to the newly created role of Head of Innovation.

Routefusion co-founders 

Armalytix, which uses open banking technology to streamline the collection of data for the professional and financial services industries, has been selected by Minerva, an electronic onboarding solution for law firms, to create an intelligent, digital onboarding service for the legal market and estate agents.