India’s Digital Currency Transactions Top One Million Daily
In India, in December, local financial institutions paid some benefits to their employees in digital rupees.
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Jeff Bezos Invests in Startup Perplexity
Jeff Bezos, the founder of Amazon, became one of the sponsors of the company, which is not yet two years old.
Chinese Shadow Bank Zhongzhi Files for Bankruptcy
The Chinese shadow banking giant Zhongzhi Enterprise Group Co. has filed for bankruptcy.
Adyen and Straumur to Enhance Payment Processing in Iceland
Adyen, a global financial platform based in the Netherlands, announced the beginning of cooperation with the Icelandic firm Straumur, which is a subsidiary of Kvika.
OpenAI Reportedly to Launch Online Store Next Week
The media reports that OpenAI, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, will launch its online store next week.
Global Startup Funding Decreases 38% in 2023
Global startup funding declined to the lows last seen in 2018, illustrating a 38% drop year-on-year.
Central Bank of Nigeria Launches Naira-Pegged Stablecoin Pilot
The Central Bank of Nigeria (CBN) approves the Africa Stablecoin Consortium (ASC) to pilot cNGN (a stablecoin pegged to the value of Nigerian Naira) in its innovative Regulatory Sandbox.
Spain’s Central Bank Chooses Partners for CBDC Project
Cecabank, Abanca and Adhara Blockchain will experiment with central bank digital currency (CBDC), testing different use cases within the pilot of the wholesale CBDC by Spain’s central bank (Banco de España).
Qualcomm Announces New Chip for Mixed Reality
Qualcomm Inc., the largest manufacturer of processors for mobile phones, has announced a new Snapdragon XR2+ chip, designed for virtual and mixed-reality headsets.
PRIME Africa Provides Access to Improved Financial Services for Moroccan Migrants
To improve financial services for Moroccans, a new partnership has been launched between the United Nations International Fund for Agricultural Development (IFAD) and international money transfer operator, Moneytrans, which is part of the Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa) project.
ECB to Test Banks’ Ability to Recover From Cyberattack
The European Central Bank (ECB) will conduct a stress test of 109 financial institutions under its direct supervision on the ability to restore the functioning process after cyber attacks.
HSBC Reportedly Joins Ranks of Suitors for Tesco Banking Arm
HSBC has joined the list of financial institutions that are participating in a kind of race for the right to acquire Tesco Bank.
Hong Kong Proposes New Regulatory Regime for Stablecoin Issuers
In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
Mitigating Financial Risks: How Proper Testing Of Fire Extinguisher Impacts Business Continuity And Insurance Policies
In the complex business operations landscape, mitigating financial risks is paramount for sustained success. One often overlooked yet critical aspect of risk management is properly testing the fire extinguisher. When considering the things you need for fire extinguisher testing, such as pressure gauges, inspection tags, and a comprehensive testing schedule, the impact of a well-maintained fire […]
National Bank of Cambodia Partners IFC to Boost Green Finance
Cambodia’s transition towards a green economy requires a financing boost, with the National Bank of Cambodia and IFC joining efforts to support climate-friendly projects.
Enhanced Blockchain Security Brought Crypto Hack Losses Down 51% in 2023
The state of Web3 and blockchain security improved over the past year, causing a twofold decrease in losses to crypto hacks and other cybersecurity incidents.
