JPMorgan to acquire medical-payment firm | Digital cash startup Fnality reportedly will receive $50M from banks | U.S. Bank taps Blend software for digital mortgages
JPMorgan Chase has agreed to purchase medical-payment company InstaMed. The acquisition, costing over $500 million, is the bank's largest since 2008, sources say.
Why Hispanics Will Spend More In Their Lifetime The average U.S. Hispanic household will spend ~$538,636 more than the average non-Hispanic White household over their lifetimes. With the rapid growth of Hispanic Americans, its critical corporations shift their investment priorities. Get this data and more in the newest research report.
Financial startup Fnality is to receive roughly $50 million from some of the world's biggest banks to develop a blockchain-based digital cash system to settle transactions, sources say. About a dozen banks reportedly will participate.
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U.S. Bank is using products from mortgage-software company Blend to offer a digital experience for home equity lines of credit, mortgages and home equity loans. Approval is possible in minutes, the bank says.
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Housing starts climbed almost 6% in April but fell short of the pace a year earlier, according to the US Commerce Department. Building-permit issuance edged up less than 1%, suggesting the trend is unlikely to accelerate.
Instagram users will soon see a redesigned Explore page featuring Stories and shortcuts to IGTV and shopping with tabs that can be used to access content and videos related to art, travel and food. "We want to provide a more immersive experience so people can actively engage with content and be more specific about what they want to discover," says Will Ruben, Instagram product lead for discovery.
FedEx has been investing eight figures into its NASCAR sponsorship annually over 14 seasons and has garnered more than a billion impressions, says FedEx's Patrick Fitzgerald. He attributes much of the value to brand impressions across various media, its famous spokesman Denny Hamlin and substantial revenue generated through race-related business relationships.
Congress should take action if the Financial Accounting Standards Board moves forward with new loan loss standards for banks, said Rep. Brad Sherman, D-Calif. The rules are scheduled to take effect in 2020, but Sherman is calling for a delay.
If you only think about your own advancement, your own success, you run out of fuel pretty quickly. But if we believed in something bigger than ourselves, that kind of motivation is self-sustaining.
