Tanzanian Fintech Company Nala Launches Business in EU
The Tanzanian fintech company Nala announced the start of work in 19 countries of the Eurozone.
Finance & Economics - page 89
Cascade of Bankruptcies: Crypto Empire DCG Shuts Wealth-Management Division
Financial interplay, 30% staff layoffs, federal prosecution, suspended withdrawals, and a public feud between the founders. Another cryptocurrency conglomerate joins the growing list of troubled industry giants. With reportedly over $3.5 billion in assets, Digital Currency Group (DCG), parent company Grayscale Investments, crypto brokerage Genesis, and publication CoinDesk, closes its wealth-management division, HQ Digital. Investigation […]
Mastercard Launches Web3-Focused Incubator
Mastercard launches an incubator focused on web3.
Abu Dhabi Islamic Bank Release Contactless Payment Devices
The Islamic Bank of Abu Dhabi launched the release of devices for contactless payments.
Duck Creek Technologies to Acquire Swiss Payment Platform
Duck Creek Technologies has announced an agreement to acquire Imburse Payments, a modern payment platform in Switzerland.
Inflation in Eurozone Fall to 9.5%
For the first time in two months, inflation in the Eurozone was less than 10%. The preliminary consumer price index in the single euro area increased by 9.2% year-on-year in December. This figure in November was 10.1%. In October, the index was a record, its value was equal to 10.6%. Experts predicted inflation in the […]
Huobi Lays Off 20% of Employees, Denies Insolvency
The crypto exchange Huobi has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring, following Justin Sun’s acquisition of the firm, but denied rumours of its insolvency
Americans Spent a Record $212B on Online Holiday Shopping
Online shopping considerably increased this holiday season despite economic downturn, as record-setting discounts helped offset the negative impact of high inflation
European SMEs Believe BaaS will Overtake Traditional Banking: Survey
Independent survey with over 1,000 business representatives from Europe shows the potential of Banking-as-a-Service (BaaS) which is expected to reach mainstream adoption within five years
Santander Launches Commercial Card Solution with Global Payments
Santander Bank partnered with Global Payments Inc. on a new commercial card offering for its Commercial Banking clients in the US
ECB Executive Urges to Assimilate Crypto with Gambling
ECB board member Fabio Panneta suggests trading unbacked crypto assets should be regulated similarly to gambling
Amazon Job Cuts Will Affect over 18,000 Employees
Amazon layoffs exceed earlier projections. The job cuts would represent over 5% of the company’s corporate workforce and continue over the coming weeks
CaixaBank to Explore AI Use for Cybersecurity
CaixaBank participates in the European research consortium along with eleven international entities to improve cybersecurity by leveraging AI and big data
Indonesia to Create a National Crypto Exchange in 2023
Indonesia makes moves to reform national regulation of the crypto industry, aims to create a crypto exchange this year
DNB Automates 50% of Chat Traffic with AI
Since October 2018, DNB has implemented a conversational AI chat platform as the first-line customer support. As of now, the bot has interacted with over one million customers
Indian Bank Introduces QR Code Bill Payment System for CESC
The new bill payment system enables customers to pay by scanning the dynamic QR code linked to the unified payments interface (UPI)
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