US Passes Bill to Avoid Default: What to Expect?
The US House finalized a bill to suspend the debt ceiling on Wednesday, just days left before the country was expected to default. What comes next for the national debt and financial markets?
Nina Bobro
MiCA Now Officially Signed into Law
EU officials have signed the Markets in Crypto-Assets (MiCA) bill into law following final approval from finance ministers
Kasisto Introduces Banking-Specific LLM KAI-GPT
The KAI-GPT large language model (LLM) is designed to address the banking industry’s unique needs for accuracy, transparency, trustworthiness and customization
UAE and Hong Kong Strengthen Financial Cooperation
The Central Banks of the United Arab Emirates (UAE) and Hong Kong held a bilateral meeting to enhance collaboration between the two financial services sectors, including cooperation on virtual asset regulations
Mastercard to Share Card Data With Other Payment Networks Under FTC Order
Under the FTC card data routing order, Mastercard must start providing competing networks with customer account information they need to process debit payments
Web3 App STEPN Integrates Apple Pay
STEPN, a Web3 lifestyle app that encourages people to move through a blockchain rewards system, has integrated a popular mobile wallet Apple Pay to enable fiat in-game purchases
Alipay+ Expands to Thailand
The four mobile wallets supported by Ant Group’s payment system Alipay+ are now accepted in Thailand
Crypto Bills Hang by a Thread in US
A few drafted crypto-related bills are still left without any resolution in the US, while one may be eliminated altogether
Amex to Use AI to Improve Customer Experience
After numerous experiments, American Express (Amex) aims to utilize AI technology for approving credit lines as well as providing predictive analytics
Bali Cracks Down on Crypto
Bali authorities will be taking strict measures against tourists paying for goods and services with cryptocurrency
AFS and Visa to Launch Prepaid B2B Cards in Bahrain and Oman
Arab Financial Services (AFS) announced its SME Partner Programme in collaboration with Visa to launch prepaid cards for businesses in Bahrain and Oman
SoftBank Teams Up With Nvidia to Create Advanced AI Data Centres in Japan
Nvidia and SoftBank are collaborating on a pioneering platform for generative AI and 5G/6G applications which SoftBank plans to roll out across new, advanced AI data centres across Japan
Paysend & Ontop Collaborate on Instant Salary Payments
The collaboration between Paysend and Ontop allows customers and employers to make instant salary payments directly to the local bank cards of remote workers and contractors worldwide
Neutronpay and Bitnob to Improve Cross-Border Payments Between Asia and Africa
The partnership aims to use the potential of both companies for creating new routes and payment options for bilateral cross-border trade between Vietnam and Africa using the Lightning Network
OpenAI Launches Grant Program, Expands iOS App
OpenAI is ready to fund the development of proofs-of-concept that could establish democratic processes for overseeing AI, while its iOS app version expands to 45 more countries
Indonesia’s Latest Unicorn Is Aquatech Startup: What Does It Do?
eFishery is building an aquatech ecosystem where fish and shrimp farmers in Indonesia could easily scale up their businesses, providing farmers with access to financing and an online feed marketplace
Breaking News
