Banking as a Service: What It Is and Why It’s Important
Banking as a service has a huge potential, expected to reach mainstream adoption within two to five years. Let’s discover the basic mechanisms and perspectives of the BaaS industry.
Finance & Economics - page 94
ECB to Stay Course to Return Inflation to 2%
Christine Lagarde said that the European Central Bank will take all necessary measures to return inflation to the target of 2%.
BNY Mellon and Fiserv Partner on Real-Time FX Rate Quotes
The partnership between Fiserv and BNY Mellon brings US financial institutions one step closer to fast and easy cross-border transactions
ECB Contemplates Development of Digital Euro App
The European Central Bank is exploring the prospects of creating a digital euro mobile application.
US Biggest Banks Teams Up to Take On Apple and PayPal
The largest US banks are joining forces to create a digital wallet.
UAE Backs Crypto Adoption With Trading Potential
The United Arab Emirates have been overt regarding their interest in crypto. Now, UAE’s Minister says crypto will ‘play a major role for the United Arab Emirate’s global trade going forward’.
B2B BNPL Playter Launches Credit Solution Paid
The UK-based provider of B2B Buy-Now-Pay-Later (BNPL) services Playter now allows suppliers to offer out BNPL payment plans to their customers
Binance SWIFT Banking Partner to Ban USD Transfers Below $100K
Binance’s SWIFT partner, Signature Bank, has set a minimum transaction limit of $100,000.
Survey: Nearly 20% of US Firms Expect to Reduce Headcount
A survey by the National Association of Business Economics testified that conditions in the US labor market are softening, and companies are no longer experiencing a shortage of labor.
Brazil and Argentina to Create Common Currency
Brazil and Argentina will soon begin preparations for the creation of a common currency.
Citadel Reports Record Profit of $16 Billion
In 2022, Ken Griffin’s Citadel brought investors a profit of $16 billion.
Danske Bank Releases Climate Action Plan
Danish Danske Bank has developed an action plan to combat climate change.
China Development Bank Increases Loan Support for Science & Tech
China Development Bank granted CNY 261.9 billion (about $38.68 billion ) of loans to support the country’s science and technology innovation in 2022
Signature Bank Will Not Handle Crypto Transactions Under $100,000
Once a crypto-friendly bank, Signature is trying to reduce its exposure to the beleaguered digital asset market, increasing the transaction limits for crypto traders it supports
Universal Digital Payments Network Launches at Davos
A Universal Digital Payment Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDC) was launched at the World Economic Forum (WEF) in Davos.
Virtual Fintech: Banking in the Metaverse
The buzzword of today – metaverse – drives closer attention and huge investments from all major tech players. Retailers and banks cannot stay behind.
Finance & Economics
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