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Report: State Street Considering Several Blockchain-Based Projects
State Street is reportedly looking at a number of options for settling payments on blockchain. The financial services and banking firm is considering creating its own stablecoin, creating its own deposit token, joining digital-cash consortium efforts, and developing settlement options through blockchain payment startup Fnality, in which it has an investment, Bloomberg reported Wednesday (July 17), citing an unnamed source.
Simply Business Expands Workers’ Compensation Offering With Employers Partnership
Simply Business has expanded its workers’ compensation insurance offering for small businesses by partnering with workers’ compensation provider Employers. With this expansion of its offering, Simply Business can digitally quote and bind workers’ compensation policies for more than 300 different types of small businesses across all eligible states, the companies said in a Wednesday (July 17) press release.
J&J MedTech Navigates Headwinds, Eyes Growth Surge in Second Half of 2024
Johnson & Johnson’s (J&J) MedTech arm displayed resilience in its second quarter, navigating inflationary headwinds while prioritizing innovation. The unit, a key driver for J&J, remains committed to full-year growth targets despite temporary setbacks in its vision care business. Challenges arose from distributor adjustments in the contact lens market,...
Barclays US Consumer Bank Launches Savings Product With Tiered Rates
Barclays US Consumer Bank has launched a savings product that provides higher rates on higher balances. The new Barclays Tiered Savings product aims to offer customers additional value and bolster the bank’s deposits portfolio, the company said in a Tuesday (July 16) press release. “Our goal is to offer...
Cloud Security 101: Treasury Releases Essential Guidelines for FIs
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) published a suite of resources to share with financial services institutions on effective practices for their secure cloud adoption journey, bringing financial and payments workflows and processes securely and compliantly up to date with the latest technology is top-of-mind for forward-thinking organizations.
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Online coverage of payments news and top industry trends. Insight and reporting on payments, commerce, FinTech and innovation.
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