News - page 157

Jerome Powell Indicates Interest Rate Cuts Ahead
Finance & Economics

Jerome Powell Indicates Interest Rate Cuts Ahead

Federal Reserve Chairman Jerome Powell on Friday, August 23, formulated what can be called a rhetorical and, in a sense, the ideological semantic platform for easing monetary policy in the United States, which means that the moment is approaching when the financial regulator of this country will decide on cutting interest rates.

Yellow Card & Fireblocks to Streamline Cross-Border Payments in Africa
Blockchain & Crypto

Yellow Card & Fireblocks to Streamline Cross-Border Payments in Africa

Pan-African fintech and stablecoin platform Yellow Card integrates Fireblocks wallet to improve cross-border transactions for both businesses and individuals in Africa.

PhonePe Enables Consumers to Link Credit Lines to UPI
Fintech & Ecommerce

PhonePe Enables Consumers to Link Credit Lines to UPI

Indian fintech PhonePe grabs the opportunity provided by RBI and offers its customers an ability to link pre-approved credit line to UPI apps.

Saudi Arabia Focuses on Domestic Investment
Finance & Economics

Saudi Arabia Focuses on Domestic Investment

Saudi Arabia as a state system is currently moving forward in the context of the economic aspect of its existence, being on an upward trajectory and paying a high level of attention to domestic investments.

Meta Shares Demonstrate Growth Due to AI
Science & Technology

Meta Shares Demonstrate Growth Due to AI

Currently, virtually all technology giants are somehow involved in the so-called artificial intelligence race, which requires significant costs, and at the same time all such companies strive to continue to be interesting from the point of view of investor priorities, which not everyone can combine, but Meta Platforms Inc. has succeeded significantly in this direction.

Walmart Sells JD.com Shares
Fintech & Ecommerce

Walmart Sells JD.com Shares

Walmart has sold its entire stake in Chinese e-commerce giant JD.com.

Mitek Expands Partnership With Alogent
Fintech & Ecommerce

Mitek Expands Partnership With Alogent

Mitek, which specializes in carrying out activities in the area of developing fraud prevention tools, announced the expansion of its partnership with the Alogent payment processor.

Blockchain Startup Story Secures $80 Million
Science & Technology

Blockchain Startup Story Secures $80 Million

Blockchain startup Story has announced that it has raised $80 million in investment funds as part of a Series B funding round.

Swiss National Bank and SIX Roll Out Instant Payments Solution
Fintech & Ecommerce

Swiss National Bank and SIX Roll Out Instant Payments Solution

The Swiss National Bank and SIX Interbank Clearing announced the launch of a new solution for instant payments.

Skyfire Launches AI Agents for Autonomous Payments
Blockchain & Crypto

Skyfire Launches AI Agents for Autonomous Payments

The system offered by Skyfire combines the benefits of AI-powered virtual assistance with autonomous payments on the customer’s behalf.

DBS Leverages PBOC’s Carbon Emission Reduction Facility to Issue RMB 500M Green Loan
Finance & Economics

DBS Leverages PBOC’s Carbon Emission Reduction Facility to Issue RMB 500M Green Loan

The green loan provided by DBS will help Envision Energy develop a 100-megawatt wind turbine farm in the Henan province in northeastern China.

U.S. Bank Expands Its Partnership With Edward Jones
Finance & Economics

U.S. Bank Expands Its Partnership With Edward Jones

U.S. Bank is expanding its partnership with broker-dealer and financial advisor Edward Jones.

ECB’s Fabio Panetta Says About Prospects of Interest Rates Cutting
Finance & Economics

ECB’s Fabio Panetta Says About Prospects of Interest Rates Cutting

Fabio Panetta, European Central Bank Governing Council member and Governor of the Bank of Italy, said it was highly likely that a decision would be made in the future to further cut interest rates.

Microsoft to Release Windows Recall AI Search Feature in October
Science & Technology

Microsoft to Release Windows Recall AI Search Feature in October

Microsoft on Wednesday, August 21, announced that in October it will release a controversial Recall search function using artificial intelligence.

UK Banks Reportedly Struggle With New Fraud Rules
Finance & Economics

UK Banks Reportedly Struggle With New Fraud Rules

Currently, in the United Kingdom, according to media reports, hundreds of local financial institutions and fintech companies are making every possible effort to ensure that their activities comply with the new anti-fraud rules in the payment transaction area.

Airtel Payments Bank Launches Biometric Verification Solution to Protect Accounts
Fintech & Ecommerce

Airtel Payments Bank Launches Biometric Verification Solution to Protect Accounts

Airtel Payments Bank, which is based in India, announced the launch of a new security solution called Face Match.