BNY Mellon Partners With MoCaFi on Payments to the Unbanked
The new service from BNY Mellon Partners and MoCaFi is designed for federal, state and local governments and corporations looking to reach those who are unbanked or underbanked
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Stakes Get Higher in SEC vs Ripple Case
As SEC is suing more and more high-profile crypto exchanges, all eyes are on the long-lasting Ripple case again
FCA Introduces Crypto Advertising Limits
The UK Financial Conduct Authority (FCA) is going to introduce tougher rules for the marketing of crypto assets, designed to ensure those who buy crypto understand the risk
How AI Can Be Used in Mortgage Lending
Artificial intelligence and machine learning are revolutionizing the mortgage lending industry, paving the way for a faster, more efficient lending process.
Apple Cash Adds Recurring Payments
Apple Cash users will be able to set up weekly, biweekly, or monthly payments from its Apple Cash digital card
AI Firm Cohere Raises $270 Million
The startup Cohere, which is engaged in developments in the field of artificial intelligence, has raised investment funds in the amount of $270 million from venture capital and strategic investors, including Oracle Corp. and Nvidia Corp.
EU Approves €8 Billion State Subsidies for Chip Research
In the European Union, it was decided to provide state subsidies in the amount of $8 billion to support research projects in the field of semiconductors.
Insify Raises $10.7 Million for Its Business Insurance Startup
The startup Insify, which is based in Amsterdam and specializes in providing business insurance services, has attracted investment funds in the amount of $10.7 million following the results of the last stage of the Series A financing round.
Korean Prosecutors Seek Crypto Millions Tied to Do Kwon and TerraUSD
The South Korean prosecutor’s office said that Do Kwon, after his arrest at the end of March, was able to withdraw tens of millions of dollars from an organization that is associated with his blockchain project, which suffered a crushing failure.
BTC Gets Its Own Benchmark Interest Rate Index
Benchmark LINER (Lightning Network Rate) is an innovative index designed to measure bitcoin (BTC) returns on the Lightning Network and showcase its potential for low-risk enterprise yield
Philippines Cuts Banks’ Reserve Ratio
The Central Bank of the Philippines decided to reduce the level of the norm on the availability of mandatory reserves for financial institutions at the end of the month.
Australian Bank Limits Transfers to Crypto Exchanges
Commonwealth Bank (CBA), the largest bank in Australia, would decline or put “certain payments to cryptocurrency exchanges” on a 24-hour hold, and limit crypto transfers
Intuit Introduces LLMs for Fintech
The new operating system for generative artificial intelligence will feature AI large language models (LLMs) trained on Intuit’s financial data
Amazon Pay Adds BNPL Option by Affirm
Eligible U.S. merchants offering Amazon Pay to their customers can now seamlessly add Affirm’s Adaptive Checkout flexible payment option at checkout
WhatsApp Launches Channels Feature for Broadcast Messages
Meta announced the introduction of a broadcast-based messaging feature in WhatsApp, which is called Channels.
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