Banking & Payments DECODED
Latest edition: 20 May 2024
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Latest news
Younger UHNWs and prenups: a match made in heaven?
The Times recently reported on HMRC data that the number of under-30 year olds in the UK earning £1m+ a year has reached a record high level. As some 830 young people reach millionaire status, their minds will naturally turn to how to best manage and protect this wealth going forwards. As a result, younger UHNWs are turning towards prenups. Lauren Roche writes
Emirates Islamic revamps Visa Signature credit card for UAE Nationals
Emirates Islamic has revamped its Emarati Visa Signature Credit Card with a new artistic design.
Payment cards maintain stranglehold in Japan e-commerce market, reveals GlobalData
Payment cards remain the preferred payment method for online purchases in Japan, collectively accounting for nearly 63% share in total e-commerce payments in 2023. The e-commerce market in Japan grew by 9.1% in 2023 to reach JPY24.8trn ($177.3bn), driven by a tech-savvy population, high internet penetration, and secure payment solutions, reveals GlobalData, publishers of EPI.
Allfunds platform adds Aubrey Global Emerging Markets Opportunities Fund
Edinburgh and London-based investment firm Aubrey Capital Management has stated that investors can now access its flagship fund, the Aubrey Global Emerging Markets Opportunities Fund through the Allfunds distribution platform.
Commonwealth Bank of Australia enhances its Sustainability Action Tool with Aussie-owned businesses
Commonwealth Bank’s Sustainability Action Tool now integrates offers from compostable food packaging organisation BioPak, and energy insights from start-up EnergyFlex. The aim is to better help small businesses embed sustainability into their operations, saving money and reducing the cost of doing business.
SCOTUS decision on CFPB: ‘court did the right thing” CFPB expert Joseph Lynyak
The US Supreme Court has rejected an attempt to neuter the Consumer Financial Protection Bureau (CFPB). The Community Financial Services Association of America (CFSA), a trade association for payday lenders, brought a case against the CFPB. It claimed that the CFPB’s funding violated the appropriations clause of the US constitution.
TD and March of Dimes Canada partner to improve online accessibility
TD Bank Group (TD) and March of Dimes Canada have teamed up to integrate the TD Accessibility Adapter, an accessibility browser plug-in, across the March of Dimes Canada (MODC) footprint. This includes service users and MODC employees across Canada.
Santanderand Iberpay launch the first international instant transfers
Santander and Iberpay have processed the first international instant transfers based on the EPC's One-Leg Out (OCT Inst) scheme.
Supply chain pressure trending topic among companies amid Red Sea crisis during Q1 2024
Supply chain pressure is a major concern in apparel during the first quarter (Q1) of 2024 due to the ongoing Red Sea Crisis, compounded by geopolitical flashpoints in the Panama Canal and the South China Sea.
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Truett-Hurst, announced that beginning Fall 2014 and Spring 2015, Total Wine & More, "America's Wine Superstore" will be adding several new Truett-Hurst SKU's to their wine listings.
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