News - page 274

Monos CEO Says About Impact of Inflation on Costs of D2C Buyers
Fintech & Ecommerce

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.

Brazilian Digital Bank Inter Reports Record Profit
Finance & Economics

Brazilian Digital Bank Inter Reports Record Profit

The Brazilian digital bank Inter has published a report on the financial results of this virtual lender in the second quarter of this year.

Expert Says Banks Need Data Providers
Fintech & Ecommerce

Expert Says Banks Need Data Providers

Charles Zhu, Enigma’s vice president of products, said during a conversation with the media that the Know Your Business (KYB) requirements can become a heavy burden for financial institutions that form the internal process of meeting the criteria.

UBS to Pay Over $1 Billion to Settle Fraud Claims
Finance & Economics

UBS to Pay Over $1 Billion to Settle Fraud Claims

It became known that the Swiss bank UBS agreed to pay $ 1.4 billion as part of the settlement of claims of involvement in fraudulent activities in the United States, which became a kind of premise of the financial crisis that broke out in 2008.

Google’s Ad Revenue Model Faces Challenges in India
Society & Lifestyle

Google’s Ad Revenue Model Faces Challenges in India

The Delhi High Court ruled that Google’s advertising program falls within the legal scope of the Indian Trademark Law.

Brex Spend Platform Expands to Enable Corporate Event Management
Fintech & Ecommerce

Brex Spend Platform Expands to Enable Corporate Event Management

Brex, a global spend platform, launched a group events feature within its Brex travel solution that enables businesses to create and manage corporate events for employees.

Coinbase Launches Stand With Crypto Alliance
Blockchain & Crypto

Coinbase Launches Stand With Crypto Alliance

The crypto exchange Coinbase has launched Stand with Crypto initiative that unites global crypto advocates

Dubai to License AI and Web3 Startups in Subsidised Manner
Blockchain & Crypto

Dubai to License AI and Web3 Startups in Subsidised Manner

Dubai International Financial Centre will be issuing artificial intelligence (AI) and Web3 licenses at a 90% subsidy

Mastercard Partners With MTN, Acquiring Minority Stake in Its Fintech Business
Fintech & Ecommerce

Mastercard Partners With MTN, Acquiring Minority Stake in Its Fintech Business

Africa’s largest mobile network operator MTN has sold a minority stake in its fintech arm to the payment giant Mastercard to support the acceleration and growth of the business’s payments and remittance services.

Ant Group Partners Central Retail Corporation to Launch Alipay+ in Thailand
Fintech & Ecommerce

Ant Group Partners Central Retail Corporation to Launch Alipay+ in Thailand

The partnership aims to target Asian tourists travelling to Thailand and shopping at brands under Central Retail, providing them with convenient checkout methods via Alipay+ with their local mobile wallet

Amazon Launches New AI-Powered Feature
Fintech & Ecommerce

Amazon Launches New AI-Powered Feature

Amazon on Monday, August 14, announced the launch of a new feature based on artificial intelligence, which highlights the most important and significant parts of customer reviews of products purchased on the e-commerce giant’s platform.

SK Telecom Invests Additional $100M in Anthropic AI
Science & Technology

SK Telecom Invests Additional $100M in Anthropic AI

In addition to the investment, South Korea’s telecom operator has entered into a partnership agreement with AI provider Anthropic to build a large language model (LLM) customized for telcos

AI Reduces Burden on Supply Chains
Fintech & Ecommerce

AI Reduces Burden on Supply Chains

Shipping has become one of the areas of use of artificial intelligence, where advanced technology has become a valuable tool.

UAE to Establish Blockchain-Based National Carbon Credit System
Blockchain & Crypto

UAE to Establish Blockchain-Based National Carbon Credit System

The Ministry of Climate Change and Environment (MoCCAE), the Industrial Innovation Group LLC and Venom Foundation to jointly establish a national system for carbon credits using blockchain technology

Disney Introduces New Subscription Solutions
Society & Lifestyle

Disney Introduces New Subscription Solutions

Experts say that changes in Disney’s policy regarding subscription decisions may signal that the company has decided to follow the path of Netflix.

Lender Better.com Plans SPAC Listing in August
Fintech & Ecommerce

Lender Better.com Plans SPAC Listing in August

Digital Mortgage Lender Better.com plans to become a public company by the end of August.