Binance’s Paytech Arm Binance Connect Shuts Down
Binance Connect (former Bifinity) has been functioning for about a year before the company decided to shut down its operations: what are the reasons for such a decision?
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Intel Abandons Its Attempt to Acquire Tower Semiconductor
Intel Corporation announced the termination of attempts to acquire the Israeli company Tower Semiconductor.
JPMorgan Сhanges Default Forecast for Emerging Markets
JPMorgan has made changes to the forecast for high-yield corporate default in global emerging markets, increasing the level of probability of this scenario.
El Salvador’s Dollar Bond Yields 70% Annual Return
El Salvador’s bond market has witnessed a strong rebound, despite the scepticism about the government’s decision to adopt Bitcoin as legal tender
Fitch Warns of Possible Downgrade of Dozens of Banks
An analyst at Fitch Ratings warned that the US banking sector is currently on the way to a new downgrade, which could potentially affect dozens of lenders, including industry giants such as JPMorgan Chase.
Matera to Boost Instant Payments With AI via Cinnecta Acquisition
Matera acquired Cinnecta for an undisclosed amount to enhance its instant payments and QR-code payments solutions with AI capabilities
Monos CEO Says About Impact of Inflation on Costs of D2C Buyers
Victor Tam, CEO of Monos, a company that creates premium travel products, said that during the difficult macroeconomic situation, which so far shows no signs of improvement in the foreseeable future, many consumers refuse to make large purchases in the e-commerce space, preferring shopping during holiday sales.
Brazilian Digital Bank Inter Reports Record Profit
The Brazilian digital bank Inter has published a report on the financial results of this virtual lender in the second quarter of this year.
Expert Says Banks Need Data Providers
Charles Zhu, Enigma’s vice president of products, said during a conversation with the media that the Know Your Business (KYB) requirements can become a heavy burden for financial institutions that form the internal process of meeting the criteria.
UBS to Pay Over $1 Billion to Settle Fraud Claims
It became known that the Swiss bank UBS agreed to pay $ 1.4 billion as part of the settlement of claims of involvement in fraudulent activities in the United States, which became a kind of premise of the financial crisis that broke out in 2008.
Google’s Ad Revenue Model Faces Challenges in India
The Delhi High Court ruled that Google’s advertising program falls within the legal scope of the Indian Trademark Law.
Brex Spend Platform Expands to Enable Corporate Event Management
Brex, a global spend platform, launched a group events feature within its Brex travel solution that enables businesses to create and manage corporate events for employees.
Coinbase Launches Stand With Crypto Alliance
The crypto exchange Coinbase has launched Stand with Crypto initiative that unites global crypto advocates
Dubai to License AI and Web3 Startups in Subsidised Manner
Dubai International Financial Centre will be issuing artificial intelligence (AI) and Web3 licenses at a 90% subsidy
Mastercard Partners With MTN, Acquiring Minority Stake in Its Fintech Business
Africa’s largest mobile network operator MTN has sold a minority stake in its fintech arm to the payment giant Mastercard to support the acceleration and growth of the business’s payments and remittance services.
Ant Group Partners Central Retail Corporation to Launch Alipay+ in Thailand
The partnership aims to target Asian tourists travelling to Thailand and shopping at brands under Central Retail, providing them with convenient checkout methods via Alipay+ with their local mobile wallet
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