U.S. corporate treasurers have been slow to move company cash into high-yielding accounts even as the Federal Reserve has raised rates eight times in the past three years.
The entrepreneurial spirit is alive and well in the U.S. and Canada — and it looks younger and more diverse than ever.
The Fed’s move to raise its target interest rate to a range of 2.00% – 2.25% comes at a time when banks are already grappling with rising deposit costs.
As the Internet has changed so many of our daily tasks, so too has it altered the way we bank.
It’s something startups have been doing for years: partnering with financial institutions to offer you digital checking, or digital banking, accounts.