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Day: July 5, 2018

Convenience and control continue to steer payments innovation

Bank of America Merrill Lynch (BAML) became the latest bank to upgrade its mobile banking technology this week, adding fingerprint and facial recognition functionality to its CashPro mobile banking platform. CashPro, which serves the bank’s commercial, large corporate and business banking clients, allows users to manage their everyday treasury needs on the go. It is …

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SocGen acquires crowdfunding platform for renewable energy

By Elizabeth Bratton and Peter Lee On June 21, Société Générale announced the acquisition for an undisclosed sum of Lumo, a French crowdfunding platform, through which users can invest small sums into sustainable power projects, and, in return, receive a modest interest rate from the sale of the green energy they produce. Founded in 2012, …

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FX: Non-banks make headway among smaller Aussie participants

One of the closest observers of the Australian FX market is Cameron Peter, managing director of Peter Lee Associates, whose annual market survey covers corporates and financial institutions – mainly real money fund managers, insurance companies, non-price maker banks and state and territory treasury corporations – with FX volumes in excess of $100 million. According …

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This small Apple supplier is a way to ride ‘healthy’ iPhone demand in China, KeyBanc analyst says

Qorvo shares will rise as the chipmaker benefits from improving phone demand in China, according to KeyBanc Capital Markets. The firm raised its rating on Qorvo shares to overweight from sector weight, predicting the chipmaker will report earnings per share above expectations in its next fiscal year. “We are upgrading QRVO … given healthy China …

This small Apple supplier is a way to ride ‘healthy’ iPhone demand in China, KeyBanc analyst saysRead More

Canadian Dollar Steady ahead of FOMC Minutes, US Job Data Disapppoints

The Canadian dollar has inched lower in Thursday trading. Currently, USD/CAD is trading at 1.3123, down 0.17% on the day. On the release front, employment data is in the spotlight. ADP nonfarm payrolls ticked lower, coming in at 177 thousand. This was well short of the estimate of 190 thousand. Unemployment Claims climbed to 231 …

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