In June 2020, the FCA acted overnight to freeze customer accounts across UK fintech firms including Curve, Revolut, Pockit, Soldo, Anna Money and Holvi, after Wirecard Card Solution’s (WCS) parent company filed for insolvency in Germany.
U.S. Retail Sales Spike Much More Than Expected In March
WASHINGTON (dpa-AFX) - Retail sales in the U.S. spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Thursday.
The Commerce Department said retail sales skyrocketed by 9.8 percent in March after tumbling by a revised 2.7 percent in February.
Economists had expected retail sales to surge up by 5.9 percent compared to the 3.0 percent slump originally reported for the previous month.
Excluding sales by motor vehicle and parts dealers, retail sales soared by 8.4 percent in March after plunging by a revised 2.5 percent in February. Ex-auto sales were expected to jump by 5.0 percent.
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Bankhaus von der Heydt fuels blockchain and crypto business growth with Appian 5 hours ago
Source: Appian Appian (NASDAQ: APPN) today announced that Bankhaus von der Heydt is using Appian to automate back-office operations and grow its banking business through new FinTech offerings. The Appian Low-code Automation Platform enables the bank to launch and manage new financial products and services faster, and accelerate their new institutional client onboarding time.
“Using Appian, we were able to conquer new markets, gain significant market share, and deliver new products to our customers ten times faster than before,” according to Philipp Doppelhammer, Managing Director and Member of the Management Board at Bankhaus von der Heydt.
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Novatti taps Ripple ODL for remittance payments 7 hours ago The current global payments infrastructure does not meet today’s business or consumer demands. Cross-border payments require businesses to hold pre-funded accounts in destination currencies a costly and slow endeavor that ties up resources leaving remitters with limited options.
RippleNet and its network of global financial institutions are changing the status quo. RippleNet enables hundreds of financial institutions across more than 55 countries to streamline global payments, expand into new markets and provide the best customer payments experience today.
The Law Is Rigged Against You if You Want to Unionize
Our system of labor law and regulations has too strongly tilted the playing field in favor of companies.
By Erik Loomis
April 15, 2021, 5:00 a.m. ET
Credit.Zak Tebbal
Labor activists had great hopes for the attempt to organize the Amazon warehouse in Bessemer, Ala., and the effort by the Retail, Wholesale and Department Store Union attracted national attention.
President Biden released a video in support of the right of workers to join a union without company interference. As far as I know, no previous president not even Franklin Delano Roosevelt or Harry Truman made such a direct statement about a specific union campaign. Other high-profile supporters of the union from Senator Bernie Sanders to the Rev. Dr. William J. Barber II appeared at rallies in Bessemer.