India’s Central Bank Abandons UPI Rival Project
The UPI-alternative project that had attracted interest from major tech and finance industry players, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI, is winding up
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Curve Brings Wearable Payments to EU With Tappy Tech
The customers of the digital wallet Curve in 31 European countries will enjoy a new level of convenience and flexibility with wearable payments powered by Tappy Technologies
Bitget Launches $100m Web3 Fund for Asian Crypto Projects
Web3-friendly venture firms and projects based in Asia and working on real-world problems will be the main focus of the new $100 million fund launched by Bitget
Israel Joins Online Banking and Provides Access to International Payment Providers
Back in June 2022, Israel began the process of open banking reform in an attempt to bring its outdated regulatory framework into line with the needs of the nation’s booming fintech sector. The road map for the reforms is set to conclude by November 2023 and although this could represent a real boon for both […]
ChatGPT Maker to Propose Remedies Over Italian Ban
ChatGPT manufacturer OpenAI intends to present an action plan aimed at eliminating the problems that caused the decision to ban the chatbot in Italy by the local authorities.
Asia Innovations Group Adds AI-Powered Capabilities to eCommerce Platform
Asia Innovations Group (ASIG) has announced the addition of artificial intelligence (AI)-based capabilities to its e-commerce platform.
JCards Launches Time-Tracking App for Mobile Workforces
JCards has launched an application for tracking working hours, which is designed for mobile employees.
Binance.US Scrambles to Find Banking Partners
Binance’s American partner is making active efforts to find a bank to serve its customers.
Walmart Suit Seeks to End Capital One Card Relationship
The media reported that Walmart sued Capital One with a demand to terminate a 4-year partnership with credit cards.
Bank of England Builds Its CBDC Team
The media reported that the central bank of England has begun to recruit a team of employees who will deal with the digital currency of this financial institution.
BNP Paribas Selects Worldline to Reduce Iban Fraud in Sepa Direct Debits
BNP Paribas Cash Management has selected Worldline (Euronext: WLN), a global leader in payment services, to reduce the risk of fraudulent activity in SEPA direct debit transactions.
Triodos Bank’s 2035 Emission Reduction Targets Validates as Science-Based
The Initiative to Achieve Science-Based Targets (SBTi) confirmed that Triodos Bank’s intentions to reduce the level of harmful emissions to zero have sufficient arguments to recognize this plan as justified.
Treasury Department Urges DeFi to Improve AML/CFT Controls
Both providers of DeFi services and the United States government are supposed to reduce AML/CFT vulnerabilities in decentralized finance (DeFi), enabling criminals to transfer and launder illicit proceeds
Google Bans Loan Apps Access to User Contacts
Android apps offering personal loan services will not be able to access users’ sensitive data, such as photos and contacts, with the new restrictions imposed by Google
Solana Reveals Solution to Cut On-Chain Storage Costs
The new solution presented by Solana promises to cut the cost of minting 1 million NFTs on the network to nearly $110
Samsung Plans to Cut Memory Chip Production
Samsung Electronics has announced its intention to reduce the production of memory chips.
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