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
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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.
Facial Recognition to Work at 20K ATMs in Japan
After about four years in working, facial recognition biometric solution from the Seven Bank is set to be deployed at around 20,000 ATMs nationwide as early as March 2024
Akurateco Partners with Skrill to Redefine Global Payment Experiences
A global leader in white-label payment software, Akurateco, has announced its strategic direct integration with Skrill, a renowned EU-based digital payment solutions provider and a part of the Paysafe Group.
Dutch Watchdog Wants to Know How ChatGPT Handles Personal Data
The Dutch privacy regulator has sent a letter to the creators of ChatGPT OpenAI, which contains a request to clarify the algorithm for processing confidential user information.
Australia Wants to End Check Payments
In Australia, the era of paper checks is gradually coming to an end.
NatWest and Edinburgh University Launch New Innovation Centre
NatWest Group and the University of Edinburgh are jointly implementing a project aimed at implementing efforts to create a Center for Purpose-Driven Innovation in Banking.
Payrails Raises $14.4 Million for Its OS for Complex Payments Flows
Payrails, a startup that has developed a platform for creating and using high-quality corporate payment services, announced on Wednesday, June 7, that it had received funding for $14.4 million.
DoorDash Takes Tip From Grubhub With Amazon Canada Partnership
Recognizing that the DashPass subscription growth strategy was aimed at organic channels rather than developing partnerships, DoorDash has changed its position on this issue.
FTC Returns $392 Million to Consumers After Law Enforcement Actions
In the United States, the Federal Trade Commission (FTC) last year returned $392 million to citizens after a refund made possible as a result of the actions of law enforcement officers.
How Fintech Is Helping Fantasy Sports Leagues Grow and Succeed
Fantasy sports have been around for decades, giving athletes and fans alike a way to virtually manage their favorite teams or players. And now, with the help of fintech tools, these leagues have gotten an incredible boost that has made them even more fun and accessible than ever before.
Wall Street Makes Moves into the Realm of Crypto Exchange
Wall Street has made some profound changes recently with the announcement that some larger traditional firms are seeking to engage with newer crypto exchanges.
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