UAE Rolls Out Digital Dirham Project
The Central Bank of UAE is ready to start with its Central Bank Digital Currency (CBDC) implementation. The Digital Dirham project will employ G42 Cloud and enterprise blockchain firm R3
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Fintech Spiral Raises $28 Million for B2B
Spiral startup, which is based in New York, announced that it managed to attract investment funds in the amount of $ 28 million to launch the Impact as a Service platform.
More Wall Street Giants Back Versana Syndicated Loan Platform
Deutsche Bank, Morgan Stanley, US Bank, and Wells Fargo have become the latest representatives of the financial services industry to support the Versana syndicated lending platform.
Austria Launches Multi-Modal Mobile Fare Payments
SimplyGo! service allows all citizens of Austria to make contactless fare payments for both single and multi-modal journeys with just two swipes on their smartphone screen
Huawei Launches Non Stop Banking Initiative
Chinese tech company Huawei unveiled its Non Stop Banking initiative to help banks increase revenue and customer base, save operational costs and enhance financial inclusion
YouTube Winds Up Social Commerce App Simsim
The media giant YouTube shuts down its live social commerce app Simsim, targeting Indian SMEs and retailers, to focus on building a ‘seamless shopping experience for viewers’
Grubhub Offers Campus Card Payments in Bid for Student Loyalty
Grubhub is actively implementing new payment solutions to ensure the security of college students’ expenses.
World Bank Says Nations Must Adopt Policies to Boost Growth
The World Bank said that countries need to take measures to prevent the expected global downturn in economic growth.
CFTC Seeks to Ban Binance From USA
The Binance crypto trading platform and its CEO Changpeng Zhao have been accused of violating the rules in a US federal court.
Visa Competes to Acquire Banking and Payments Platform Pismo
Visa is interested in purchasing the Pismo cloud banking and payment platform.
Big Banks Invest in Generative AI Startup Hazy
The National Building Society, Wells Fargo, and Intesa Sanpaolo became participants in the Series A financing round, during which investment funds were raised for the development of the British developer of synthetic data Hazy.
Barclays Bank to Trim More Branches
Barclays Bank continues to actively implement a policy of abandoning the use of traditional branches.
Vemanti Partners With Finastra to Build Neobank for Asian SMEs
Vemanti Group has partnered with Finastra to build an SME-focused neobank in Southeast Asia
CBA and Telstra Trial Scam Indicator
Commonwealth Bank of Australia is exploring a Scam Indicator solution able to protect its joint with Telstra clients from phone scams and mitigate customer losses of up to $15-20 million
Euler Finance Exploiter Returns Over 58,000 Stolen Ether
ETH worth more than $101 million was returned to the lending protocol by March 25.
Accenture to Cut 19,000 Employees
Accenture announced its intention to lay off 19 thousand of employees.
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