International CBDC Unveiled: What Does It Do?
The Digital Currency Monetary Authority unveiled an international CBDC-like digital coin designed to speed up cross-border transactions
Finance & Economics - page 88
India’s Central Bank Abandons UPI Rival Project
The UPI-alternative project that had attracted interest from major tech and finance industry players, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI, is winding up
Bank of England Builds Its CBDC Team
The media reported that the central bank of England has begun to recruit a team of employees who will deal with the digital currency of this financial institution.
Samsung Plans to Cut Memory Chip Production
Samsung Electronics has announced its intention to reduce the production of memory chips.
Union Credit and TransUnion Team to Help Credit Unions Find Borrowers
Union Credit and TransUnion have established a partnership to improve the customer service process.
Stripe Confident in Web Economy Despite Significant Slowing
The Stripe payment company processed transactions totaling more than $817 billion in 2022.
PostFinance Bank to Offer Crypto Services
Swiss government-owned bank PostFinance is partnering with Sygnum Bank to enable its 2.5 million customers to buy, store and sell bitcoin and ether
Apple to Open Its First Retail Store in India
Apple is currently preparing to open its first retail store in India.
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.
Amazon Cuts Over 100 Games Division Jobs
Amazon has laid off more than 100 employees of its gaming division and reassigned workers to other structural units.
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.
Lloyds Bank to Move Trade Finance Documentation to Blockchain
Long-term partnership with Enigio will enable Lloyds Bank to digitise its trade finance documentation, delivering faster, more affordable, flexible, sustainable and secure blockchain solutions for its clients
CFPB Issues Warning to Abusive Consumer Finance Firms
The U.S. Consumer Financial Protection Bureau (CFPB) on Monday, April 3, issued a statement explaining the ban on misconduct in the consumer financial market.
JPX Takes Stake in Nomura-Led Blockchain Business Boostry
Japan Exchange Group (JPX) acquires a stake in the Booster blockchain project.
Bank of China Calls For Tougher Financial Safeguards
Official representatives of the People’s Bank of China have called for a change in the rules of financial regulation in the direction of tightening.
Lloyds and NatWest Сlose More Branches
Lloyds Banking Group and NatWest have decided to discontinue the operation of even more traditional bank branches.
Finance & Economics
