FedNow Instant Payment System to Launch in July
The U.S. Federal Reserve has confirmed its long-awaited instant payments system FedNow, seen as an alternative to CBDCs and stablecoin payments, will launch in July
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Adept Raises $350 Million
Adept, a startup that creates artificial intelligence, announced that it managed to attract investment funds for $ 350 million following the results of the Series B funding round.
Morgan Stanley and Stripe Tap Into OpenAI’s GPT-4
Morgan Stanley Wealth Management and payment giant Stripe have announced their intention to use a chatbot based on artificial intelligence GPT-4 from OpenAI.
NAB Completes Cross-Border Multicurrrency Stablecoin Pilot
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
Crypto Platform Anchorage Cuts 20% of Workforce
Anchorage Digital Bank, a provider of digital asset storage services, announced the decision to reduce the workforce.
BNP Paribas Moves Into B2B BNPL
BNP Paribas is switching to the Buy Now, Pay Later B2B platform.
South Africa to Roll Out Payshap
In South Africa, the process of introducing Payshap, an inexpensive real-time interbank digital payment service, has started.
ChatGPT and Bing AI to Sit as Panellists at Fintech Conference
For the first time in history, chatbots based on artificial intelligence will participate in a conference on the development of the fintech industry.
Fixed Rate Vs. Variable Rate Home Loans: A First-Time Buyer’s Guide
When buying a home, one of the most significant decisions you’ll need to make is the type of home loan you want to take out. The truth is that understanding all the home loan terms and conditions can be incredibly confusing – like the difference between a fixed and variable rate home loan.
Tabit and Lenovo Join Efforts to Offer B2B BNPL in Canada
Lenovo will offer its business customers a BNPL payment method through their Tabit B2B integration
Binance.US Delists Tokens Helium
Binance.US, the American division of the cryptocurrency exchange of the same name, has decided to exclude the Helium (HNT) and JasmyCoin (JASMYY) tokens from its platform.
Moody’s Downgrades US Banking Sector
Moody’s Investors Service has revised the forecast for the activity of the American banking sector downwards.
Flat6Labs Launches $95 Million Seed Fund for Africa-Based Tech Startups
Flat6Labs has launched a new startup fund of $95 million.
Apollo Global Management Assembling Bid to Buy Silicon Valley Bank
Private investment company Apollo Global Management is asking to support its bid to buy a Silicon Valley bank.
OpenAI Launches Latest Version of ChatGPT With Waitlist
The new version of ChatGPT has become available via the waiting list.
Apple Cuts Spending on Bonuses, Hiring and Travel
The media reports that Apple has decided to actively reduce costs.
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