BIS Concluded CBDC Project Icebreaker
The Bank for International Settlements (BIS) has finished a joint project exploring international retail and remittance payments use cases for CBDC with the central banks of Israel, Norway and Sweden
Finance & Economics - page 73
Westpac Tests New Security Feature
Westpac is testing additional security layer for online payments to alert customers of potential scams, as customer losses to fraud reached a new record high in December
Western Union Turns to MFS to Expand Global Money Transfers
Western Union announced the beginning of cooperation with MFS Africa.
RBI Fines Amazon Pay
The Central Bank of India has taken action in the form of a fine against the Indian division of Amazon Pay.
Coinbase Buys One River Digital Asset Management
Coinbase announced the acquisition of One River Digital Asset Management (ORDAM), a subsidiary of One River Asset Management.
Fidelity International Preps First Mutual Fund in China
Fidelity International, FIL Fund Management (China) Company Limited has announced its intention to launch its first mutual fund in China in the near future.
FinTech Cash Burn Totaled $12 Billion in 2022
Recently registered technology companies have spent more than $12 billion in cash over the past year.
UK Government Announces Delay to Pension Dashboard Initiative
The British Welfare and Pension Administration reported disappointment due to the delay in the launch of the Pensions Management Panel project.
Bank of Canada Prepares Report on Prospects of Digital Currency
The Bank of Canada has prepared a report on the specifics of using the national bank’s digital currency (CBDC).
FlashCloud Employs Machine Learning to Enable Businesses Tailor Their Sales Pitch
A new machine learning (ML) enabled feature from FlashCloud Intelligence helps business-to-business (B2B) sellers find prospects on social media and identify “buying signals”
WhatsApp Gets Central Bank Approval to Launch Business Payments in Brazil
While people in Brazil have been able to use WhatsApp for P2P transactions for a while, the national Central Bank had not given the green light for small business payments until now
Innovate Finance Calls For Expanded Open Banking
The British fintech industry organization Innovate Finance has appealed to regulators to expand the scope of open banking services.
Central Bank of Ireland Blocks Staff Use of ChatGPT
The Central Bank of Ireland has decided to ban the use of chatbot ChatGPT with artificial intelligence (AI) by employees of a financial institution.
Silvergate on the Brink of Bankruptcy, Wiping $22 Billion From Bitcoin Market Cap
The crypto-focused bank Silvergate warned it would miss the annual financial report deadline and raised questions about its ability to survive. A wave of uncertainty caused about 5% Bitcoin decline
Amazon Business App Adds Purchase Reconciliation Tool for B2B Buyers
Amazon Business has added 3-Way Match to its mobile app for B2B shoppers.
Zenus Bank Launches Visa Infinite Debit Card in 46 Countries
Zenus Bank announced the launch of the Visa Infinite debit card.
Finance & Economics
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