Digital Mortgage Direct Page

Goldman Sachs’ Marcus, Synchrony Financial, American Express and Capital One Financial are among the banks that have recently raised their five-year CD yields. The price competition arrives as the Federal Reserve acts quickly to rein in inflation, spurring expectations that rates will continue to rise.

Seiffert, who succeeded longtime CEO William Wagner, orchestrated the company’s entry into Indiana and the sale of its insurance unit. Northwest reported a record $161.9 million profit in 2021.

Yogendra (Yogi) leads the company’s efforts in developing and implementing new growth strategies in North and South America. While positioning WNS for continued growth, Yogi also oversees the Growth and Strategy function, and advisor relations in these markets. He is responsible for planning, designing and implementing processes to support business growth by defining customer segments and new markets. Yogi brings with him proven capability in service delivery, transition, operations re-engineering, client management, pre-sales and sales. He began his BPM career in 1999 with GE Capital and has managed operations for GE Australia.

Suhas Sethi is the Head of the Global Insurance Business Unit at WNS. He has close to three decades of experience in global financial services BPM.

He leads a specialized team of 11,000+ domain experts at WNS. Suhas’ service portfolio spans across Life, Pensions, Property & Casualty Insurance and includes end-to-end Business & Digital Services across Underwriting, Policy Maintenance, and Claims. In addition to delivering on the core Insurance back office operational excellence, Suhas’ portfolio includes knowledge intensive areas like customer sales and servicing, actuarial, data analytics, and finance and accounting. Besides the business leadership and P&L accountability, Suhas is also responsible for Enterprise Risk and Process Compliance for the Insurance BU.

Prior to WNS, he has donned leadership roles at Cognizant and GE / Genpact.

The National Flood Insurance Program has been without a long-term reauthorization for five years, and it seems poised to stay that way after its first congressional hearing since 2019. 

Researchers may now have more leeway in helping banks uncover vulnerabilities to their systems, but legal gray areas remain.

The payments startup Bolt Financial is cutting staff, its CEO said in a message to employees on Wednesday. 

Sarah Moloney is a subeditor at the Official Monetary and Financial Institutions Forum.

Emma McGarthy is the head of the head of the Sustainable Policy Institute at Official Monetary and Financial Institutions Forum.

George's departure will come around the same time that Chicago Fed chief Charles Evans steps down. Both will have turned 65.