News - page 237

Blockchain & Crypto

Lack of Clarity Attacks Innovation: The Case of SEC v. Ripple

With the potential to change how digital assets are regulated in the U.S., as well as how DeFi and blockchain technology develop and are adopted in the future — What is going on with one of the most high-profile cases in the crypto industry?

Finance & Economics

Swarm Launches Tradable Stocks on Blockchain

Swarm, a regulated blockchain platform, has announced the launch of the world’s first public investment offer for AAPL. TSLA and two network ETFs of US Treasury bonds.

Finance & Economics

GB Bank Uses Almis Treasury Solutions

GB Bank, which received a full banking license in August 2022, decided to use additional ALMIS International products.

Finance & Economics

Napier to Provide AML Transaction Monitoring for Lyra

Napier, which specializes in the development of technologies to combat crimes in the financial sector, announced the establishment of a partnership with Lyra Group, a European provider of unified payment solutions.

Finance & Economics

US Credit Card Debt Reaches $1 Trillion, While Delinquency Rates Rise

The New York Federal Reserve estimated that US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, growing by a record $130 billion annually. The rise in delinquencies and charge-offs makes credit card issuers prepare for the worst

Finance & Economics

Natwest Waives Customer Charges for Pocket Money Cards

Natwest Bank customers will continue to enjoy free access to prepaid children’s debit cards from this financial institution.

All materials

Mastercard and Visa to Face Another Card Interchange Class Action Suit

Mastercard and Visa are preparing for the fact that in the near future, they will once again have to become defendants in the proceedings in the framework of a multibillion-dollar lawsuit on the fact of fees for multilateral exchange (MIFs).

Fintech & Ecommerce

Mastercard and Obopay to Launch Prepaid Card in Rural India

Mastercard partnered with mobile money platform Obopay to launch a financial inclusion prepaid card for smallholder farmers and rural communities in India

Blockchain & Crypto

Solana Spaces Experiment Fails

Solana Spaces stores in Manhattan and Miami did not spark customers’ interest in the Solana and Web3 ecosystem, being closed after 7 months of unfruitful operations

Blockchain & Crypto

Social Investing Platform eToro Secures NYDFS Licenses

The American subsidiary of eToro, an Israeli social investing platform, received its money transmitter and virtual currency licenses from the New York State Department of Financial Services (NYDFS)

Finance & Economics

Crypto Startup Klink Finance Gains EU Licence

Klink Finance, a crypto startup based in London, has received initial permission to provide services in the European Union.

All materials

UK Open Banking Users Swell to 7 Million

In January 2023, more than 1 million residents in the UK used open banking services for the first time in their financial management practice.

Finance & Economics

Ethiopia Considering Opening Mobile Money Market to Foreign Operators

A consultative meeting will be held in Ethiopia by the end of February, during which the prospects of the mobile money market in this country will be discussed.

Finance & Economics

SBI Investment Leads $28 Million Series A in German Fintech Pliant

Japan’s SBI Investment has led a $28 million Series A round in the German corporate card platform Pliant.

Finance & Economics

Bank of Japan Launches CBDC Pilot

The Bank of Japan decided to launch large-scale testing of the digital yen after two years of research into the prospects of this project.

Science & Technology

TikTok Offers Creators Better Monetization Opportunities with Revamped Creator Fund

The beta version of a revamped TikTok creators fund called the “Creativity Program” provides higher revenue opportunities for qualified video views