First Republic Strengthens Liquidity With the Help of JPMorgan
First Republic Bank enhanced and diversified its financial position through additional liquidity from the Federal Reserve Bank and JPMorgan Chase
Nina Bobro
South Korea Launches Metaverse Fund
The Ministry of Science and ICT of South Korea established an investment fund to support the growth of metaverse initiatives in the country
Biden Budget Proposes Crypto Mining Tax
A budget proposal by U.S. President Joe Biden aims to “reduce mining activity” with a 30% tax on electricity costs linked to the cryptocurrency mining process
Finastra Launches SaaS ESG Service for Sustainable Lending
Fintech vendor Finastra has launched the new ESG Service to support banks in their sustainable lending practices in regard to corporate clients
Central Bank of Nigeria Releases Open Banking Guidelines
The newly released operational guidelines from the Central Bank of Nigeria clarify responsibilities and expectations for the open banking ecosystem participants in the country
Xeni and BitPay to Enable Crypto Payments in Travel
Through the partnership with Bitcoin payments company Bitpay, Xeni enables its customers to accept crypto payments for commercial flights, hotels, car rentals, and other travel activities
Swift to Develop CBDC Connector
After sandbox testing, Swift is preparing to develop a beta version of the new way to connect central bank digital currencies (CBDC) with existing fiat infrastructures
WeChat Adds CBDC to Payment Platform
China’s major social networking and payment app WeChat has followed Alipay in adding support for payments using the digital yuan – the country’s central bank digital currency (CBDC)
Transact Campus Partners With Amazon to Introduce Unmanned Stores on Campuses
Fintech provider Transact Campus integrated its payment solutions with Just Walk Out technology by Amazon to deploy self-service stores on and off college campuses
Coinbase Simplifies Web3 Onboarding With Wallet-As-A-Service
The leading crypto exchange Coinbase has introduced a new Wallet-as-a-Service offering for businesses to seamlessly onboard their users to Web3
Silvergate Bank Faces “Voluntary Liquidation”
The parent company of one of the major crypto-friendly banking institutions, Silvergate Bank, decided to “wind down operations” and liquidate the bank
EBA to Crack Down on Banks Ignoring Gender Diversity
EBA noted the painfully slow progress of banks and investment firms in improving gender diversity policies and announced it wants supervisors across the EU to crack down on those non-compliers
Cilab’s New Feature Lets Engineers Visualize NFC Terminal RF Field
NFC testing company Cilab has improved its high-speed tester with a new feature that enables NFC terminal manufacturers to test a device’s RF field by making it visible
Westpac Announces Initiatives To Back Women Business Leaders
Westpac announced new measures to help female-led SMBs with dedicated start-up and scale-up loans, as research reveals accessing finance is one of the main challenges for women in business
Adyen Integrates Click To Pay Checkout Which Works Even for Guests
Fintech platform Adyen integrated the Click To Pay experience into its online checkout flow in all available markets, enabling even guest shoppers to bypass manual data entry
Mercedes-Benz and Visa Launch In-Car Payments in Germany
Mercedes-Benz has rolled out the Mercedes Pay+ feature in cooperation with Visa to enable in-car payments for digital services and on-demand hardware upgrades
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