News - page 255

Finance & Economics

Xapo Bank Integrates With UK Faster Payments

Xapo Bank, a leading bitcoin custodian, and the licensed private bank announced integration with the Fast Payments system (FPS).

News

FCA Takes Aim at Payment Firms Over Unacceptable Risks

The UK Financial Conduct Authority has sent letters to almost 300 payment companies calling for measures to eliminate unacceptable risks to consumers and the integrity of the country’s financial system.

Finance & Economics

ClearBank Partners With Code First Girls to Tackle Fintech Gender Gap Issue

ClearBank joins 30 other financial service companies in partnering with Code First Girls, keen to hire more women and eliminate the gender gap which still persists in fintech

Finance & Economics

Flutterwave Expands Services in Rwanda

Flutterwave received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to deploy a range of new products to the country’s 13.5 million citizens

Fintech & Ecommerce

Phos Integrates QR Digital Wallets

SoftPOS solution provider Phos added QR code-based digital wallets, such as PayPal, Venmo, and CashApp, as payment methods for retailers

Federal Reserve System

FedNow Instant Payment System to Launch in July

The U.S. Federal Reserve has confirmed its long-awaited instant payments system FedNow, seen as an alternative to CBDCs and stablecoin payments, will launch in July

Finance & Economics

Adept Raises $350 Million

Adept, a startup that creates artificial intelligence, announced that it managed to attract investment funds for $ 350 million following the results of the Series B funding round.

Finance & Economics

Morgan Stanley and Stripe Tap Into OpenAI’s GPT-4

Morgan Stanley Wealth Management and payment giant Stripe have announced their intention to use a chatbot based on artificial intelligence GPT-4 from OpenAI.

Countries

NAB Completes Cross-Border Multicurrrency Stablecoin Pilot

The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.

Finance & Economics

Crypto Platform Anchorage Cuts 20% of Workforce

Anchorage Digital Bank, a provider of digital asset storage services, announced the decision to reduce the workforce.

Finance & Economics

BNP Paribas Moves Into B2B BNPL

BNP Paribas is switching to the Buy Now, Pay Later B2B platform.

Finance & Economics

South Africa to Roll Out Payshap

In South Africa, the process of introducing Payshap, an inexpensive real-time interbank digital payment service, has started.

Fintech & Ecommerce

ChatGPT and Bing AI to Sit as Panellists at Fintech Conference

For the first time in history, chatbots based on artificial intelligence will participate in a conference on the development of the fintech industry.

Fintech & Ecommerce

Tabit and Lenovo Join Efforts to Offer B2B BNPL in Canada

Lenovo will offer its business customers a BNPL payment method through their Tabit B2B integration

Blockchain & Crypto

Binance.US Delists Tokens Helium

Binance.US, the American division of the cryptocurrency exchange of the same name, has decided to exclude the Helium (HNT) and JasmyCoin (JASMYY) tokens from its platform.

Finance & Economics

Moody’s Downgrades US Banking Sector

Moody’s Investors Service has revised the forecast for the activity of the American banking sector downwards.