Fidelity International Preps First Mutual Fund in China
Fidelity International, FIL Fund Management (China) Company Limited has announced its intention to launch its first mutual fund in China in the near future.
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FinTech Cash Burn Totaled $12 Billion in 2022
Recently registered technology companies have spent more than $12 billion in cash over the past year.
UK Government Announces Delay to Pension Dashboard Initiative
The British Welfare and Pension Administration reported disappointment due to the delay in the launch of the Pensions Management Panel project.
Bank of Canada Prepares Report on Prospects of Digital Currency
The Bank of Canada has prepared a report on the specifics of using the national bank’s digital currency (CBDC).
M-Pesa Partners With Amazon to Provide Global Remittances
Africa’s most popular mobile money remittance service M-Pesa has partnered with global retail tech leader Amazon to offer worldwide remittance services
Report Identifies DeFi as New High Growth Area for Crypto Industry, While CeFi Funding Plunges
Digital asset investment firms increased their funding of decentralized finance (DeFi) projects in 2022 by 190%, while investments into centralized finance (CeFi) projects fell 73%
Canadian Fintech Nuvei Launches in Australia
Canadian fintech company Nuvei, announced that businesses operating in Australia can now access its full suite of payments solutions, continuing its global expansion strategy
FlashCloud Employs Machine Learning to Enable Businesses Tailor Their Sales Pitch
A new machine learning (ML) enabled feature from FlashCloud Intelligence helps business-to-business (B2B) sellers find prospects on social media and identify “buying signals”
WhatsApp Gets Central Bank Approval to Launch Business Payments in Brazil
While people in Brazil have been able to use WhatsApp for P2P transactions for a while, the national Central Bank had not given the green light for small business payments until now
Innovate Finance Calls For Expanded Open Banking
The British fintech industry organization Innovate Finance has appealed to regulators to expand the scope of open banking services.
Block’s TBD Division Launches C= to Improve Bitcoin Lightning Network
The new venture c= founded by Block’s (formerly, Square) TBD division aims to expand the reach of the Bitcoin Lightning Network through added liquidity and routing services
Central Bank of Ireland Blocks Staff Use of ChatGPT
The Central Bank of Ireland has decided to ban the use of chatbot ChatGPT with artificial intelligence (AI) by employees of a financial institution.
CFPB Discloses Typical Consumer Financial Profiles of BNPL Users
The CFPB revealed its recent research which helped the institution create a typical image of a BNPL borrower, who uses the option without signs of stress, but tends to be highly indebted
Silvergate on the Brink of Bankruptcy, Wiping $22 Billion From Bitcoin Market Cap
The crypto-focused bank Silvergate warned it would miss the annual financial report deadline and raised questions about its ability to survive. A wave of uncertainty caused about 5% Bitcoin decline
Amazon Business App Adds Purchase Reconciliation Tool for B2B Buyers
Amazon Business has added 3-Way Match to its mobile app for B2B shoppers.
Zenus Bank Launches Visa Infinite Debit Card in 46 Countries
Zenus Bank announced the launch of the Visa Infinite debit card.
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