News - page 253

Swedbank Robur Launches Two Climate Funds
Finance & Economics

Swedbank Robur Launches Two Climate Funds

Swedbank Robur, as part of the implementation of its strategy of activities related to rolling out projects aimed at protecting the environment, is launching two new funds specializing in climate and climate bonds.

PaymentSense Intends to Obtain Irish Money Licence
Fintech & Ecommerce

PaymentSense Intends to Obtain Irish Money Licence

In the foreseeable future, competition may intensify in the payment sector in Ireland, as the British-based company PaymentSense plans to apply to the Central Bank of the said country for a license for electronic money.

Majority of UK Banks Test GenAI
Fintech & Ecommerce

Majority of UK Banks Test GenAI

Currently, according to UK Finance survey, in the United Kingdom, many local companies and organizations that operate in the sphere of financial services are using generative artificial intelligence technologies and tools in a test mode.

Lloyd’s of London Launches Consultation to Transit to Net Zero
Society & Lifestyle

Lloyd’s of London Launches Consultation to Transit to Net Zero

Lloyd’s, the London-based marketplace for insurance and reinsurance, has launched a consultation on its roadmap towards net zero goal.

Trafalgar & Thought Machine to Create a Mexico-Based FinTech
Fintech & Ecommerce

Trafalgar & Thought Machine to Create a Mexico-Based FinTech

Trafalgar will use Thought Machine’s core banking platform to develop a suite of additional financial services, including digital cards, POS systems, digital authentication, and more, for the new Mexico-based FinTech

Singapore Tightens Crypto Regulation
Blockchain & Crypto

Singapore Tightens Crypto Regulation

The Monetary Authority of Singapore (MAS) introduces new investor protection measures for crypto service providers to discourage cryptocurrency speculation among retail customers.

Binance Investors Pull $956M After Changpeng Zhao Steps Down
Blockchain & Crypto

Binance Investors Pull $956M After Changpeng Zhao Steps Down

Crypto exchange Binance saw about $956 million in outflows in 24 hours after its CEO, Changpeng Zhao, stepped down, pleading guilty to settle a years-long U.S. illicit finance probe.

TikTok Mulls Tokopedia Investment for New E-Commerce Platform
Fintech & Ecommerce

TikTok Mulls Tokopedia Investment for New E-Commerce Platform

TikTok is reportedly considering an investment into Tokopedia, a unit of Indonesia’s GoTo Group, to revive its e-commerce service in Southeast Asia’s largest retail market.

Climate Alpha Raises Seed Funding to Help Real Estate Sector Analyze Climate Change Impact
Science & Technology

Climate Alpha Raises Seed Funding to Help Real Estate Sector Analyze Climate Change Impact

Singaporean startup Climate Alpha uses AI to enable real estate owners and investors to analyze the impact of climate change on their portfolios.

Klarna Wins Regulatory Approval in UK
Fintech & Ecommerce

Klarna Wins Regulatory Approval in UK

Klarna Bank AB in the United Kingdom has received permission from the local regulator, which provides an opportunity to offer lending services and financial products related to payments to consumers in this country.

UK Government to Consider Sale Stake in NatWest
Finance & Economics

UK Government to Consider Sale Stake in NatWest

Jeremy Hunt, the chancellor of the exchequer, said that the Government of the United Kingdom will explore the possibility of selling its stake in NatWest Group and has intentions to offer the shares to the public if the appropriate decision is made.

Chinese Zhongzhi Enterprise Group Says About Its Huge Debt
Finance & Economics

Chinese Zhongzhi Enterprise Group Says About Its Huge Debt

The largest Chinese asset management company Zhongzhi Enterprise Group (ZEG) has informed investors that it is no longer able to pay its bills.

Global Smartphone Sales Show Growth
Science & Technology

Global Smartphone Sales Show Growth

In October, for the first time in 27 months, the global smartphone market recorded an increase in sales volumes on an annualized basis.

AI Startup Cohere CEO Criticizes Movement for Self-Righteousness
Science & Technology

AI Startup Cohere CEO Criticizes Movement for Self-Righteousness

Aidan Gomez, CEO of the startup Cohere, which operates in the sphere of artificial intelligence, in his letter addressed to the employees of this company, in negative terms criticized the movement for effective altruism.

OpenAI Drama Ends With Sam Altman Comeback as CEO
Science & Technology

OpenAI Drama Ends With Sam Altman Comeback as CEO

After a turbulent week of tough leadership change decisions, OpenAI has reached an agreement with Sam Altman to come back as CEO under a new managing board.

White House Gives $50 Million to Small Businesses
Finance & Economics

White House Gives $50 Million to Small Businesses

The Administration of the President of the United States Joe Biden announced the provision of new financial assistance to those representatives of the small business sector who are in an underserved area.