The Hong Kong government has unveiled its first guidelines on the practice of responsible use of artificial intelligence and embraced blockchain, as local regulators seek to stay ahead of the pace of the technological revolution, which is likely to disrupt financial services.
The global economy is expected to perform in a “stable yet underwhelming” manner in 2024 and 2025, showing a steady growth rate of 3.2%, according to the IMF forecast.
In August 2024, the dollar accounted for almost half (49.1%) of payments handled by the global payment network SWIFT, with no other currency presenting solid competition to the dollar’s role in international payments.
Getnet has launched a regional e-commerce solution that provides a single entry point (SEP) for payment transactions in countries such as Chile, Brazil, Mexico, and Argentina.
Osigu has announced the first closing of a Series B funding round in the amount of $25 million.
Perplexity AI chief executive officer Aravind Srinivas on Friday, October 25, said that this artificial intelligence search company serves more than 100 million queries weekly.
The media reports that Apple this year tested an app with which people with prediabetes will be able to control the process of food intake and change their lifestyle.
In October, local consumer sentiment in the United States showed an increase, reaching a mark that corresponds to a six-month high.
Morgan Stanley lowered its expectations for cutting emissions in its corporate lending portfolio.
Nvidia on Friday, October 25th, became the most valuable company in the world by shifting Apple from the appropriate position.
New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.
Together with USAID, Visa aims to enhance access to secure, inclusive, and transparent digital government systems globally, promoting economic development and growth in select markets.
Mastercard is expanding its Product Express platform across Africa, the Middle East, Europe, North America, and additional markets in Latin America, enabling fintechs to launch card programs with speed, simplicity, and full transparency.
Socure Inc., an identity verification service provider whose functional solutions are used by companies such as Chime Financial Inc. and Robinhood Markets Inc., has agreed to acquire Effectiv, a fraud prevention platform.
Wells Fargo chief executive officer Charlie Scharf on Thursday, October 24, said that this financial institution, which is one of the largest in the United States, may face losses in the amount of $2 billion to $3 billion on its loan portfolio in the commercial real estate area.
Klarna has announced the opening of the Gift Card Store, which was developed in partnership with a global branded payments provider Blackhawk Network.
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