South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
The governor of the Bank of Japan, Kazuo Ueda, on Monday, December 25, stated that there is currently an increasing likelihood that the financial regulator’s inflation target will be reached, noting the possibility of making adjustments to the policy of the organization he heads.
China’s largest state-owned banks are reducing deposit rates for the third time since the beginning of this year.
After almost two years of a comprehensive ban prohibiting local banks from engaging with digital currencies, the Central Bank of Nigeria (CBN) has lifted the given restrictions, allowing lenders to open accounts for crypto firms.
Those working in the crypto industry today are much more likely to receive job compensation in the form of equity than crypto tokens, unlike only a few years ago.
Several international platforms, such as Revolut, Bitpanda, Crypto.com and Vivid, have joined the list of registered crypto providers in Spain in 2023.
The British fintech company Revolut reported that its revenue for 2022 amounted to $1.1 billion.
Collaboration between Malaysian utility firm Tenaga Nasional Berhad (TNB) and property developer Sime Darby Property Berhad aims to expand sustainable energy projects within Sime Darby Property’s Township developments.
Despite a significant decrease in startup investment in most industries, sustainable tech funding managed to maintain the 2022 level on a global scale.
The United Kingdom’s economic system is currently on a path that could end in recession.
Visa announced the beginning of cooperation with the biometric company TECH5.
Digital identity company Yoti has received debt financing for 12.5 million pounds from HSBC and another 7.5 million pounds of convertible debt financing from existing shareholders.
Deloitte, a global professional services company, is currently implementing a partnership with Fintech Saudi.
Payoneer, a company operating in the financial technology industry, has announced new features that will enhance the quality of customer service and facilitate entrepreneurs’ access to the global economy.
Eastern Bank PLC. (EBL), headquartered in Dhaka, the capital of Bangladesh, plans to issue the world’s first biometric metal IDEX Pay card.
The re-commerce platform Soum has announced that it has managed to raise $18 million to expand its operations in the Middle East and North Africa.
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