Barry Ritholtz

MARCH 31, 2023

Bloomberg ) • Remote Banking Crisis: Banks tried to kill remote work. Now, remote work is trying to kill banks. In 2021, banks tried to kill remote work. ” In 2023, remote work is threatening to kill banks. .” ” In 2023, remote work is threatening to kill banks.

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Math Banking Economics Securities 61

PYMNTS

AUGUST 21, 2020

“Starting in early August, we resumed regular job displacement activity … we are at the beginning of a multiyear effort to build a stronger, more efficient company,” Beth Richek, a bank spokesperson, said in a statement. “We Wells Fargo declined to reveal how many jobs would be cut.

Math 57

Math Investments Banking 57

Michigan CFO

JULY 13, 2021

The losses have continued in ’17, but investors are banking on the more affordable “Model 3” which is in the midst of launching. Regardless of how complex or sophisticated the business is, math is math. I wouldn’t fall into the “something to be applauded” category if I were an investor. In the long run, Income must exceed Outgo.

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Profit and Loss Math Sales CFO 52

PYMNTS

JULY 26, 2020

For us to bring our level of efficiency close to our peers, the math would tell you, we need to eliminate over $10 billion of expenses.” To repeat, there is nothing structurally different about Wells Fargo that should prevent us from being as efficient as our large peers, but we are far from it.

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Planning Math Numbers Banking 102

PYMNTS

OCTOBER 8, 2020

The math implies that 87 million users were inactive. BGR India reported that the app was in the testing phase and had onboarded a number of banks – Axis, ICICI, HDFC, Standard Chartered and others among them.

Math 93

Math Economics Numbers Planning 93

PYMNTS

SEPTEMBER 20, 2019

Nordea Bank ABP’s finance chief is leaving amid a broader shakeup of the bank’s management under its new chief executive. He previously served as head of markets, chief operating officer and deputy head of wholesale banking. The bank has reportedly started looking for a successor. The Wall Street Journal reported.

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CFO Math Treasury Banking 43

CFO Talks

MARCH 28, 2023

When I was studying towards my qualifications for university, I had to choose subjects which were in line with medicine, which was maths, biology and chemistry, but somewhere along the line I ended up doing accountancy and I then finished college in 1994.

Math 52

Math CFO Communication Accounting 52

Nerd's Eye View

FEBRUARY 21, 2023

What's unique about Danqin, though, is how she planned and executed a very intentional career path in the financial services industry that involved her leaving her homeland China, embracing a new language and culture in the United States while achieving her Master’s degree in Financial Planning, and proactively creating opportunities for herself (..)

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Math Education Communication Planning 52

CFO News Room

FEBRUARY 6, 2022

At TreasuryDirect.gov , where TIPS may be purchased at monthly auctions with funds from a linked bank account, the securities’ updated value after auction can only be measured with a one-by-one data search for each note or bond and some challenging math. And those results don’t account for changes in the securities’ market price.

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Treasury Securities Valuation Math 130

PYMNTS

JUNE 6, 2017

From some guy’s garage in San Francisco, a group of math nerds has grown into one of the world’s finest-tuned machine learning operations. Banking, credit card and insurance companies also use SigOpt to optimize the accuracy of their fraud detection and risk models. PYMNTS: What has been the biggest hurdle?

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Math Startups Manufacturing Advertising 67

PYMNTS

FEBRUARY 1, 2021

Visa noted, too, that debit spending has been high in the wake of repeated waves of stimulus payments deposited directly onto debit cards or in bank accounts.

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Math Entertainment Economics Budgeting 82

PYMNTS

AUGUST 27, 2018

Papa John’s has hired Bank of America and Lazard as financial advisors, as the national chain tries to recover from weak sales and negative publicity surrounding its founder. ” Papa John’s, Bank of America, Lazard and Schnatter’s representatives all declined to comment.

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Math Advertising Sales Banking 40

CFO Plans

MAY 26, 2021

While going through the first few months of transactions, we noticed that some of the founding employees, including the CEO, have been paid with simple bank transfers. Well, a little bit of 5th grade math. Recently, I had the pleasure of cleaning up a newly signed start-up at CFO Plans. What does that mean?

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Math CFO Startups Planning 40

PYMNTS

SEPTEMBER 5, 2018

Baidu’s cloud solution will integrate Intel’s Xeon Scalable processors, as well as Intel’s Math Kernel Library for Deep Neural Network technologies, to develop financial technologies for banks in China. Intel Secures AI Partnerships f or FinServ, Supply Chains.

Math 40

Math eCommerce Technology Securities 40

PYMNTS

JUNE 14, 2016

Tapp Commerce management stated that its Market product helps people, through P2P, that do not necessarily have bank accounts buy goods and services online. It’s simple math.”. The company continues to eye Southeast Asia through growth in Thailand, Vietnam and the Philippines.

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Securities Math Marketing Sales 52

PYMNTS

MAY 14, 2020

Knowing exactly how much is in my [bank] account when I walk up to the cashier to pay means confidence,” Frew emphasized. “It In short, employees who aren’t wondering about the balances in their bank accounts turn out to be more loyal and more interested in the work they are doing — and more productive. “We

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Math Finance Accounting Banking 85

PYMNTS

JUNE 15, 2017

The biggest impact, and the impact that will be most swiftly felt, is the interest rates that banks must pay when they borrow funds, tied to the prime loan rate. Banks also charge higher interest rates when they lend that loans to consumers and corporates. Credit card debt becomes more expensive, with a $2.50

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Math Economics Banking Investments 51

PYMNTS

JULY 20, 2018

Capital One reported a robust second-quarter performance as the bank had increased spending and lowered losses in its credit card business. We saw credit improvement across our businesses, and growth math is now helping overall domestic credit card trends.”.

Profit and Loss 40

Profit and Loss Math Banking eCommerce 40

Michigan CFO

NOVEMBER 26, 2021

Or maybe you just rely on your bank account balance to do the math for you. Maybe you’re using a spreadsheet to keep a running tally of your income and expenses. Sure, it worked when you first started. But with additional clients and throughput, things quickly got out of hand.

CFO 52

CFO Budgeting Math Finance 52

PYMNTS

FEBRUARY 13, 2019

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. Love noted that he sees APIs as a growing presence in corporate finance, as banks react to the demand among consumers and businesses to take control of their own data.

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Finance General Ledger Math Accounts Payable 75

PYMNTS

JANUARY 15, 2019

In other words, some of their identity attributes can help them attain housing, a job or credit – but that identity might not be very good: That is, it might be bad data, inaccurate data or data filled with bad math. As a result, 3.5 As that happens, the technology has the potential to work to their benefit.

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Math Technology Numbers Banking 43

PYMNTS

APRIL 9, 2019

Funds paid via the mPOS were deposited directly into troops’ bank accounts. Children who participate in Girl Scouts learn life and leadership skills, and receive an education in science, technology, engineering and math (STEM) and business. Future Entrepreneurs.

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Math Sales Leadership Education 47

PYMNTS

OCTOBER 28, 2016

But after last week’s DDoS attack, there is some increased interest in hoarding them, specifically by banks. Some British banks are allegedly stockpiling bitcoin because they know that DDoS hackers will steer clear after being paid off. The math comes out to one per week. The average rate of a new bitcoin ATM?

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Math Currencies Compliance Retail 78

PYMNTS

MAY 4, 2016

Changing market conditions (and some higher-than-expected default rates) have changed the math and softened investor interest some. Prosper has also announced it is hiring a capital markets team to help manage the firm’s shift from selling to hedge funds to focus on banks and small investors. And though Prosper was valued at $1.9

Profit and Loss 42

Profit and Loss Math Healthcare Retail 42

PYMNTS

MARCH 30, 2020

At that point in time, only 20 percent of SMBs we talked to that asked the government (at any level) for assistance received any, and only 17 percent that asked their banks for more funding had gotten it. Doing The Math. SMBs can apply through their banks for SBA assistance, which offers a loan of 2.5 It may not be so clear-cut.

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Construction Sales Math Manufacturing 92

PYMNTS

AUGUST 22, 2019

They just dont’ find having to work hard, or do advanced math, all that rewarding. In addition, the Royal Bank of Canada joined the round as a strategic investor. Millennial consumers have demonstrated in any number of ways that they are value conscious and open to rewards programs. Today Drop is available in the U.S.

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Math Retail Marketing Numbers 40

PYMNTS

NOVEMBER 16, 2017

At first, as the only one with access to the eTailer’s bank account, Wu manually processed payments to vendors directly from the bank — a project that he says took him around five to 10 hours per week, and that was in the early days, before the company scaled to do $150 million in sales per year. 7 at 12:00 p.m. EST. Webinar Preview.

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Math Compliance Currencies Startups 46

CFO Talks

JULY 6, 2022

He’s also spent time in Mozambique and assisted in the integration of a new bank acquired and the disposal of another. I was always the science kid, I use to love science and math and technology, that was a big thing for me. That’s a lot to handle on one plate.

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Auditing CFO Accounting Finance 52

PYMNTS

MARCH 15, 2017

The panels will include discussions on the future of banking and credit, innovating in a regulatory world order, the challenges inherent in the internet of things and what it will take for brick-and-mortar merchants to survive the reinvention of retail.

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Math B2B Retail Banking 46

PYMNTS

NOVEMBER 11, 2016

Switzerland gives bitcoin a hand by way of rail ticket machine sales, an Australian startup banks on the aptly named Dash and Zcash fervor fades. In this week’s Bitcoin Tracker, bitcoin soars, then settles down and plans for its yearly sale abound. The election came and went and, with it, brought some stock market shock.

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Math Startups Securities Currencies 76

PYMNTS

MARCH 17, 2017

The money flow — between, say, the United States and Mexico, or as remittances evolve in newly (almost) cashless India — may be embracing technology, but interactions between banks, wires and processors are still required. So take all the security, administrative and efficiency problems that come with being cash only — but writ large.

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Math Securities Auditing Communication 41

Barry Ritholtz

FEBRUARY 2, 2023

emphasis added) The red flags were there for anyone who could put their greed aside and simply focus on the math. Which institutions, banks, VCs have you presented this? In the 2010s, the true risk-free rate of returns – 10-Year Treasuries – was yielding ~2.5%, so how could anything remotely risk-free be yielding 20 times that amount?

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Treasury Math Investments Sales 25

PYMNTS

OCTOBER 3, 2017

CEO Ola Okeshola – is the simple fact that access to capital for small businesses has dried up significantly since the Great Recession, as banks have either gone out of business or lost interest in lending to that sub-segment of the market. And while there are myriad explanations, one clear issue – according to Quick.me

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Math Banking Marketing Startups 43

CFO News Room

NOVEMBER 18, 2022

Why this new book, focusing on central banks and their influence? That thru-line concerns this external body – the central banks – which can effectively manufacture money, and how this money, just by sheer mass momentum and the players involved, goes disproportionately to financial markets relative to the real economy.

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Banking Economics Leverage Currencies 100

PYMNTS

APRIL 11, 2018

Back in the olden days – circa 1950 and before – a customer who wanted a loan would walk into a bank and sit across a desk from a man in a blue suit with a red tie. In Merrill’s experience, regulators have been cautiously interested in machine learning for underwriting; they simply lack the proper framework to understand the new math.

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Math Risk Management Technology Banking 40

PYMNTS

OCTOBER 26, 2017

Maybe artificial intelligence will be the key to doing the math and extrapolating the data to make a specific offering to each potential customer. It’s not worth it for markets and banks,” he said. Why borrow against a depreciating car when you could borrow against a literal lifetime value? Can It Work?

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Math Education Finance Budgeting 49

PYMNTS

JUNE 28, 2016

A few years ago marketplace-based online lending was being hailed as the the signature innovation that was going to upend tradditional bank based lending for consumers and small businesses everywhere. “The math is the math, not matter how much we like London,” noted one marketplace lending exec on the condition of anonymity.

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Math Marketing Currencies Investments 40