UK Launches Fintech Fund
In the UK, a mechanism has been created to provide support to firms that are at the stage of growth and are engaged in financial technologies.
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Travel Company TUI Tests ChatGPT
Travel giant TUI AG announced the implementation of a pilot project in which generative artificial intelligence was integrated into the company’s mobile application in order to test the potential of advanced technology as part of the process of interacting with customers in the UK.
China’s Internet Regulator Discusses New Data-Security Rules With Foreign Firms
The Chinese Internet regulator is discussing options for applying new data security rules with foreign companies, including Walmart.
Ledger Partners PayPal to Simplify Crypto Adoption
Ledger users in the U.S. can now directly purchase bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC) via their linked PayPal accounts
Tencent Plans to Unveil AI Model
Tencent has been testing a proprietary AI model internally across different business segments, including advertising and fintech.
Coinbase to Offer Crypto Futures to US Customers
Coinbase gained regulatory approval to operate a Futures Commission Merchant (FCM) and offer eligible US customers access to crypto futures
Google Plans to Create Advice-Dispensing AI
The media, referring to a report by Deep Mind, which operates in the field of generative artificial intelligence and is a subsidiary of Google, reports that this firm plans to create an AI model that gives advice.
Payoneer Singapore Receives MAS License
The new license will enable Payoneer Singapore to enrich the scope of its products and roll out several new services in the country
Foxconn Launches iPhone 15 Production in India
Foxconn Launches iPhone 15 Production in India.
Binance’s Paytech Arm Binance Connect Shuts Down
Binance Connect (former Bifinity) has been functioning for about a year before the company decided to shut down its operations: what are the reasons for such a decision?
Intel Abandons Its Attempt to Acquire Tower Semiconductor
Intel Corporation announced the termination of attempts to acquire the Israeli company Tower Semiconductor.
JPMorgan Сhanges Default Forecast for Emerging Markets
JPMorgan has made changes to the forecast for high-yield corporate default in global emerging markets, increasing the level of probability of this scenario.
El Salvador’s Dollar Bond Yields 70% Annual Return
El Salvador’s bond market has witnessed a strong rebound, despite the scepticism about the government’s decision to adopt Bitcoin as legal tender
Fitch Warns of Possible Downgrade of Dozens of Banks
An analyst at Fitch Ratings warned that the US banking sector is currently on the way to a new downgrade, which could potentially affect dozens of lenders, including industry giants such as JPMorgan Chase.
Matera to Boost Instant Payments With AI via Cinnecta Acquisition
Matera acquired Cinnecta for an undisclosed amount to enhance its instant payments and QR-code payments solutions with AI capabilities
Monos CEO Says About Impact of Inflation on Costs of D2C Buyers
Victor Tam, CEO of Monos, a company that creates premium travel products, said that during the difficult macroeconomic situation, which so far shows no signs of improvement in the foreseeable future, many consumers refuse to make large purchases in the e-commerce space, preferring shopping during holiday sales.
