Swarm Launches Tradable Stocks on Blockchain
Swarm, a regulated blockchain platform, has announced the launch of the world’s first public investment offer for AAPL. TSLA and two network ETFs of US Treasury bonds.
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GB Bank Uses Almis Treasury Solutions
GB Bank, which received a full banking license in August 2022, decided to use additional ALMIS International products.
Napier to Provide AML Transaction Monitoring for Lyra
Napier, which specializes in the development of technologies to combat crimes in the financial sector, announced the establishment of a partnership with Lyra Group, a European provider of unified payment solutions.
US Credit Card Debt Reaches $1 Trillion, While Delinquency Rates Rise
The New York Federal Reserve estimated that US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, growing by a record $130 billion annually. The rise in delinquencies and charge-offs makes credit card issuers prepare for the worst
Natwest Waives Customer Charges for Pocket Money Cards
Natwest Bank customers will continue to enjoy free access to prepaid children’s debit cards from this financial institution.
Social Investing Platform eToro Secures NYDFS Licenses
The American subsidiary of eToro, an Israeli social investing platform, received its money transmitter and virtual currency licenses from the New York State Department of Financial Services (NYDFS)
Is There Gender Equality in Fintech?
Despite decades of the gender equality movement progress, many business industries still have a wide pay gap and gender-biased career opportunities. Being an innovative facilitator of financial inclusion, has fintech managed to create gender equality in its own industry?
Crypto Startup Klink Finance Gains EU Licence
Klink Finance, a crypto startup based in London, has received initial permission to provide services in the European Union.
Ethiopia Considering Opening Mobile Money Market to Foreign Operators
A consultative meeting will be held in Ethiopia by the end of February, during which the prospects of the mobile money market in this country will be discussed.
SBI Investment Leads $28 Million Series A in German Fintech Pliant
Japan’s SBI Investment has led a $28 million Series A round in the German corporate card platform Pliant.
Bank of Japan Launches CBDC Pilot
The Bank of Japan decided to launch large-scale testing of the digital yen after two years of research into the prospects of this project.
Hong Kong Welcomes Crypto Trading With New Policies
Hong Kong proposes milder crypto regulations that would let retail investors trade certain “large-cap tokens” on licensed exchanges, emerging as one of the new hubs for the virtual asset industry
Barclays Reveals Contactless Payments Trends
New data from Barclays, which enables nearly half of the UK’s debit and credit card transactions, reveals that a record 91.2% of all eligible card transactions were contactless in 2022
Riyad Bank Integrates E-Invoicing ZATCA Enabled by SunTec Xelerate
Riyad Bank, one of the largest financial institutions in Saudi Arabia, integrated the Zakat, Tax and Customs Authority (ZATCA) solution for e-invoicing, deployed on SunTec Xelerate platform
Tesco Considers Selling Its Banking Arm
Currently, the British supermarket chain Tesco is considering selling its banking division.
Stripe Expects to See $1 Trillion in Payments Volume in 2023
Stripe expects that by the end of 2023, the total volume of transactions processed by the company will amount to $ 1 trillion.
Finance & Economics
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