News - page 239

Singapore to Suspend Non-Bank and Non-Card Channels for Remittance to China
Fintech & Ecommerce

Singapore to Suspend Non-Bank and Non-Card Channels for Remittance to China

The Monetary Authority of Singapore (MAS) has instructed companies providing money transfer services to suspend the use of non-bank and non-card channels when interacting with individuals interested in cross-border transactions to China.

Xero and Flinks to Enhance Banking Data Access
Fintech & Ecommerce

Xero and Flinks to Enhance Banking Data Access

Xero, a global platform for small businesses, has announced the start of a partnership with Flinks, an open banking company.

Cambodia Chalks Up 10 Million Bakong Digital Currency Accounts
Blockchain & Crypto

Cambodia Chalks Up 10 Million Bakong Digital Currency Accounts

The digital currency of Cambodia called Bakong, which was developed with the participation of specialists from a Japanese startup, has become widespread, as evidenced by the existence of about 10 million accounts registered to own this digital money.

Apple Reportedly to Stop Selling Some Apple Watch Models
Science & Technology

Apple Reportedly to Stop Selling Some Apple Watch Models

The media reported that Apple will stop selling the Watch Series 9 and Ultra 2 in the United States shortly before Christmas.

Bank of Japan Reportedly to Keep World’s Last Negative Interest Rate
Finance & Economics

Bank of Japan Reportedly to Keep World’s Last Negative Interest Rate

The Bank of Japan is expected to maintain the world’s last negative rate on Tuesday, December 19.

Revo Capital Plans to Raise $100 Million VC Fund for AI Startups
Science & Technology

Revo Capital Plans to Raise $100 Million VC Fund for AI Startups

Revo Capital, a Turkish venture capital company that supported Getir technology unicorns and Builder.ai, intends to raise funds for $100 million to invest in regional startups operating in the sphere of artificial intelligence.

China Reportedly Wides Its Ban on Use of iPhone
Science & Technology

China Reportedly Wides Its Ban on Use of iPhone

Media reports that in China, the number of state organizations and companies supported by the country’s government is gradually increasing, which prohibits their employees from using iPhone smartphones developed by the American technology giant Apple in the workplace.

Robinhood Pulls Customers From Larger Brokers
Fintech & Ecommerce

Robinhood Pulls Customers From Larger Brokers

Robinhood began to gain clients from more well-known brokers, including Fidelity and Charles Schwab.

Amex and Bank of America Face Rising Card Delinquencies
Finance & Economics

Amex and Bank of America Face Rising Card Delinquencies

Last month, American Express and Bank of America recorded an increase in credit card delinquencies.

Salv Raises $4.3 Million
Fintech & Ecommerce

Salv Raises $4.3 Million

Salv, an Estonian-based provider of solutions to combat financial crimes, reported that it was able to raise financing for 3.9 million euros ($4.29 million).

Congressional Budget Office Predicts Decrease in Inflation in 2024
Finance & Economics

Congressional Budget Office Predicts Decrease in Inflation in 2024

The Congressional Budget Office on Friday, December 15, released a forecast according to which the inflation rate in the United States will decrease next year.

UnionPay International Partners With Trip.com
Fintech & Ecommerce

UnionPay International Partners With Trip.com

UnionPay International (UPI) has established a partnership with Trip.com, a global virtual travel agency.

First Bank Launches Backbase’s Engagement Banking Platform
Fintech & Ecommerce

First Bank Launches Backbase’s Engagement Banking Platform

Backbase, which is currently a global leader in advanced sphere interacting banking, announced that First Bank, based in St. Louis, Missouri, has started operating on the Backbase Engagement Banking platform.

Banking Platform Kapital Raises $165 Million
Fintech & Ecommerce

Banking Platform Kapital Raises $165 Million

Kapital, the company that manages the banking platform, announced that it has managed to raise new capital for $165 million.

TD Bank and Plaid to Simplify Access to Apps
Fintech & Ecommerce

TD Bank and Plaid to Simplify Access to Apps

TD Bank Group and fintech company Plaid have announced a joint effort to eliminate the need to provide login credentials to third-party apps for customers of the mentioned financial institution in the United States and Canada.

PayPal and SAP to Simplify Digital Payments for Businesses
Fintech & Ecommerce

PayPal and SAP to Simplify Digital Payments for Businesses

PayPal and SAP have announced the launch of advanced integration.