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SEC Charges Frank Founder With Fraud in $175 Million Sale to JPMorgan

In the United States, federal regulators said that the founder of a student financial assistance company, Frank, committed fraudulent actions against one of the largest banks in the country.

Finance & Economics

UAE Сentral Bank Selects Technology and Legal Partners for CBDC Project

The UAE Central Bank (CBUAE) has chosen Clifford Chance, R3, and G42 Cloud as partners in the implementation of the digital currency creation project.

Fintech & Ecommerce

Walmart Invests $200 Million in PhonePe

PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.

Finance & Economics

NAB Completes Cross-Border Multicurrrency Stablecoin Pilot

The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.

News

Google Wallet Goes Live in Costa Rica

In Costa Rica, Google Wallet has been launched, giving users the ability to store and use their credit and debit cards, boarding passes, tickets, and other digital credentials on an Android NFC smartphone, a Wear OS smartwatch, or a Fitbit device.

News

Belfast Awards £18.9 Million Grant for Cyber AI Hub

The Minister of State of Northern Ireland, Steve Baker, announced the decision of the UK government to allocate investment funds for 18.8 million pounds for the development of the security industry in this country.

Finance & Economics

Fintiv and Geoswift Collaborate on Digital Money Transfers to Asia

Fintiv and Geoswift have established a cooperation to enable cross-border money transfers to Asia.

News

Brazil and Argentina to Create Common Currency

Brazil and Argentina will soon begin preparations for the creation of a common currency.

Finance & Economics

Danske Bank Releases Climate Action Plan

Danish Danske Bank has developed an action plan to combat climate change.

News

UK Inflation Falls for Second Consecutive Month

In the UK, a decrease in the inflation rate has been recorded for the second month in a row.

News

First UAE Fintech to Launch India UPI Payment Integration

Last week, India decided to open its Unified Payments Interface (UPI) payment gateway for NRIS (non-resident Indians).

Finance & Economics

China’s Official Wallet App Launches Offline Payments

The Chinese digital yuan app launched a new feature that allows users to make payments from mobile phones offline.

News

Neobank Kompasbank Raises €12 Million

Kompasbank, the youngest bank in Denmark, has attracted new financing for 12 million euros.

News

US Regulators Fully Control Mechanisms of Securitization of Direct Investments

In the USA, regulators apply the practice of strict control measures to direct investment instruments.

Society & Lifestyle

Chinese Exports Suffer Sharpest Fall in 3 Years

Exports of goods from China fell to the lowest level in the last three years due to the coronavirus pandemic.

News

Delhi Buses to Get Contactless Ticketing

The Department of Transport of the Government of the Indian District of Delhi announced a tender for the development and implementation of a digital ticket sales system in buses.