Circle Partners With Brazil's Matera on Multi-Currency Payments
The partnership will leverage Matera's real-time ledger, Digital Twin, to allow banks to hold stablecoin balances directly within their platforms. This will enable Brazilian reais, US dollars and stablecoin USDC to coexist in a single environment, facilitating payments and eliminating the need for a correspondent banking system, which often brings settlement delays and added costs from intermediaries.
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Forbes
6 hours ago
- Forbes
JP Morgan Chase Have A Point, But The Whole Economy Needs Data To Flow
INDIA - 2025/07/14: In this photo illustration, a JPMorgan logo is seen displayed on a smartphone ... More with a JPMorgan Chase Co logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) The not entirely unexpected news that JP Morgan Chase intends to start charging for customers' data that is obtained by third parties through APIs, data that is provided free through 'open banking' in other parts of the world, is causing significant comment across the fintech sector. Data Needs A Business Model The planned charges would affect how fintech platforms access information through intermediaries, particularly data aggregators like Plaid and MX. who provide the infrastructure layer that sits between banks and third parties. As Jason Mikula pointed out, if these aggregators are forced to begin paying banks on a per data access basis, those costs will inevitably be passed along to aggregators' fintech customers, and, presumably, those fintechs' end users. This may make some of the services unviable, which will in turn reshape the market in a couple of ways: For the economy as a whole to benefit we therefore need to find a compromise that would allow the banks to earn a reasonable return on the data but also benefit the wider economy. In other jurisdictions, that compromise takes the essential form of 'basic and 'premium' services., which seems a reasonable way of working, so my high-level view is that there should be a standard model put in place to encourage the use of bank data for the greater good while providing balanced rewards. Using the language of cards, this means resolving interchange and liability. In other words, who gets paid what when things work properly and who compensates whom when things go wrong. It seems to me that it should hardly beyond the bounds of human ingenuity to find appropriate solutions. For example, the regulators might decide that the banks will earn zero interchange on basic facts about the account holder but they can earn whatever interchange they set for other premium services that they want to provide (an example might be giving a 'safe to spend' limit for the purposes of regulated gambling). In return for fees, the banks will also have to accept liability. I would need to defer to someone like Tom Brown, but I would've thought it might be possible to construct a solution that is based on transactional but not contingent liabilities. In other words if I give you a loan because I think you have an account with a certain amount of money in it and it later turns out that it wasn't you then the bank should be liable to the value of the loan but not beyond it. Identity is the new... well, you know. Open Banking, Open Data There is, however, another aspect beyond such "interchange fees' where I do actually feel the banks have a reasonable complaint and that is symmetry. The banks argue with complete justification that open banking does not create a level playing field for competition if they are required by law to provide basic customer data for nothing whereas third parties are not. They would argue that if they have to provide customer data to a social media company, for example, then the social media company should provide social graph data to the bank. (This is an argument that's been raging for years in Europe and the example of the Consumer Data Right in Australia shows one way forward here.) Taking all of this together, I think the principle of banks being allowed to charge something for customer data is sound provided it is within a framework set by the regulators to maximise the net welfare and not to maximise the profits of commercial banks. The fact is that allowing customer data to flow, under an equitable arrangement, is good not only for banks and fintechs but for society as a whole. Open Data And Open Minds This is not only about open banking data. There is another, bigger picture here. In a paper on "The Data Economy: Market Size and Global Trade" for the Economic Statistics Centre of Excellence (part of the UK's National Institute of Economic and Social Research), Diane Coyle and Wendy Li wrote about the "data gap" between global Big Tech and potential competitors, disruptors and innovators. They argue (convincingly) that this data gap is a a barrier to entry that affects not only businesses but also aggregate innovation, investment and trade. Similarly, the European Council on Foreign Relations (ECFR, a prominent think tank) published a call for action on "Defending Europe's Economic Sovereignty" in which it called for the EU (and the UK) not to put up barriers at all but to agree data free-flow with the US. Coule and Li conclude that an open data-sharing ecosystem will increase productivity and therefore economic wellbeing. From my inexpert perspective, I could not agree more, so if I were the CEO of a US bank, I might therefore be tempted to play a longer game. I would go to the industry and say something like the... I know this sounds radical, but I hope that US regulators will, in time, choose this path, a path that grows the pie while ensuring that everyone, including banks, gets a fair slice.
Yahoo
10 hours ago
- Yahoo
Constellation Brands' (NYSE:STZ) Returns On Capital Are Heading Higher
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in Constellation Brands' (NYSE:STZ) returns on capital, so let's have a look. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Constellation Brands: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.18 = US$3.4b ÷ (US$22b - US$3.7b) (Based on the trailing twelve months to May 2025). Thus, Constellation Brands has an ROCE of 18%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Beverage industry average of 17%. Check out our latest analysis for Constellation Brands In the above chart we have measured Constellation Brands' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Constellation Brands . What The Trend Of ROCE Can Tell Us You'd find it hard not to be impressed with the ROCE trend at Constellation Brands. The data shows that returns on capital have increased by 63% over the trailing five years. That's not bad because this tells for every dollar invested (capital employed), the company is increasing the amount earned from that dollar. Interestingly, the business may be becoming more efficient because it's applying 24% less capital than it was five years ago. A business that's shrinking its asset base like this isn't usually typical of a soon to be multi-bagger company. Our Take On Constellation Brands' ROCE In a nutshell, we're pleased to see that Constellation Brands has been able to generate higher returns from less capital. Considering the stock has delivered 2.4% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up. If you'd like to know about the risks facing Constellation Brands, we've discovered 2 warning signs that you should be aware of. While Constellation Brands isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Associated Press
15 hours ago
- Associated Press
New to The Street Invests $10 Million in Media to Accelerate Deposits.com - The World's Premier Financial Domain
In Celebration of the Genius Act, the National Broadcast Leader Seeks Strategic Partners for Development, Technology, and Brand Execution NEW YORK, NY / ACCESS Newswire / July 19, 2025 / In celebration of the recently signed Genius Act, New to The Street, one of America's most influential financial media platforms, has committed a landmark $10 million media investment to supercharge the launch, development, and visibility of the most powerful financial domain name in the world. This initiative is designed to ignite innovation in digital banking, fintech access, and consumer financial empowerment-amplifying the national call-to-action sparked by the Genius Act to support transformative ideas, technology, and entrepreneurship. 'This is not a $10M cost-it's a $10M catalyst,' said Vince Caruso, Co-Founder of New to The Street. 'We are aligning our national media engine behind because it is not only the best financial domain in existence, it is a platform built for what's next in finance, identity, and innovation.' Fueling the Future of Consumer Finance The campaign will include widespread exposure across Bloomberg and Fox Business television networks (as sponsored programming), multi-story billboards in Times Square, and strategic content across New to The Street's digital ecosystem, including its 3-million-subscriber YouTube channel and social media network exceeding 500,000 followers. will serve as the definitive platform for connecting consumers to AI-driven personal finance tools, credit card offers, crypto access, and investment options-all under a trusted, iconic brand name. As part of this mission, New to The Street is actively seeking strategic development partners in technology, digital banking, AI integration, and financial infrastructure. 'We believe can become the consumer's front door to everything in modern finance,' said Shota Bagaturia, President of Gen AI Corp. 'With the Genius Act opening new lanes of innovation, and with a national media partner like New to The Street behind us, the time is now.' About is a next-generation financial platform powered by one of the most valuable domain names in the world. Focused on bridging traditional banking with blockchain, AI, and digital asset access, it offers consumers simple, trustworthy, and intuitive tools to manage, grow, and protect their money. The company's technology roadmap includes intelligent onboarding, personalized financial paths, and secure integrations for savings, lending, and investing. About New to The Street For over 16 years, New to The Street has led the financial media space by combining national television broadcasts with digital, social, and outdoor media. Its weekly shows on Fox Business and Bloomberg, its 3M+ YouTube subscribers, and its iconic Times Square billboards make it the most comprehensive media platform for public and private companies. Its mission: turn ideas into visibility, and visibility into value. Media Contact: Monica Brennan [email protected] SOURCE: New to The Street press release
