UK Government to Fight Illicit Crypto Use
The UK Treasury and Home Office released a policy paper focusing on ‘robust’ crypto regulation as part of the government’s plan to fight economic crime
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Bud Branches Out Into USA
The British fintech open banking company Bud has hired a team of executives who will deal with the issues of the firm’s entry into the US market and its further promotion in this region.
Alibaba Prepares IPO for $20 Billion Logistics Unit
The media reports that Alibaba Group plans to take its logistics business public.
U.S. Fines Wells Fargo Nearly $100 Million
In the US, Wells Fargo was fined $97.8 million due to violations related to sanctions.
H&M Says Tech Investments Help Sales Climb 12%
The Swedish chain of clothing stores H&M recorded an increase in sales and an unexpected increase in profits.
UK to Avoid Fixed Rules for AI
In the foreseeable future, the UK does not plan to establish strict regulatory measures in the development and use of artificial intelligence.
African Neobank Payday Raises $3 Million for Expansion
The fresh funding will help the ambitious Payday to scale its platform and reach more Africans, not only on the continent but around the world
Fintech Farm Launches Neobank in Vietnam
A new fintech product from Fintech Farm that came to the Vietnamese market has Ukrainian roots
How to Donate Your Car to Help Ukraine
This team of volunteers collects charitable donations to provide cars for the Armed Forces of Ukraine, first responders, and doctors. They would appreciate your contribution if you want to donate a car to Ukraine. Since the beginning of the full-scale Russian invasion of Ukraine, they organized the transfer of 18 vehicles from Spain, Italy, and […]
Apple Pay Later Launches
Apple has launched the Buy Now, Pay Later service in the United States.
Thunes Bags $30 Million in Ongoing Investment Round
Thunes, a Singapore-based company that specializes in providing financial services for making cross-border payments, announced the attraction of $30 million in investment funds during an ongoing funding round.
UK Government Abandons Sunak’s NFT Plan
The UK government has decided not to implement the plan of the country’s Prime Minister Rishi Sunak, which provides for the Royal Mint to commit to creating an interchangeable token.
UAE Rolls Out Digital Dirham Project
The Central Bank of UAE is ready to start with its Central Bank Digital Currency (CBDC) implementation. The Digital Dirham project will employ G42 Cloud and enterprise blockchain firm R3
Austria Launches Multi-Modal Mobile Fare Payments
SimplyGo! service allows all citizens of Austria to make contactless fare payments for both single and multi-modal journeys with just two swipes on their smartphone screen
Huawei Launches Non Stop Banking Initiative
Chinese tech company Huawei unveiled its Non Stop Banking initiative to help banks increase revenue and customer base, save operational costs and enhance financial inclusion
YouTube Winds Up Social Commerce App Simsim
The media giant YouTube shuts down its live social commerce app Simsim, targeting Indian SMEs and retailers, to focus on building a ‘seamless shopping experience for viewers’
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