Wyre Introduces Withdrawal Limits
San Francisco-based crypto payments firm Wyre is implementing 90% withdrawal limits for user accounts, “acting in the best interest of our community”
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FlexxPay Partners ADCB to Offer Payroll Services in UAE
This new alliance gives UAE companies an opportunity to provide their unbanked employees with complete digital bank accounts using the FlexxPay app with access to ADCB payroll services
CIBC Launches Money Management Tool
Canadian Banking and Financial Services Corporation CIBC announced the launch of CIBC Smart Planner, a digital self-service tool.
Greenlight Launches Financial Literacy Game for Kids and Teens
Fintech company Greenlight Financial Technology, Inc. announced the launch of Greenlight Level Up, an interactive financial literacy game.
US Banks to Report Profit Decline, Prepare for Recession
Major US banks are expected to show a net profit decline in their quarterly earnings reports to be released on Friday, while the industry is getting ready for an economic slowdown
Nuvei to Buy Paya
The Canadian payment company Nuvei signed a deal to purchase the American division of Paya.
Apple to Release a Mixed-Reality Headset
In 2023, Apple will focus its main forces and resources on creating a fundamentally new device.
Swiss National Bank Post $143 Billion Loss in 2022
In 2022, the Swiss National Bank recorded losses of $ 143 billion.
UK Fintech Funding Slashed by 8%
Fintech funding in the UK remained ahead of the levels seen in Europe and Asia amid a sharp global slowdown, but still decreased about 8% compared to its 2021 value
CES 2023 Showcases Touch and Smell Tech for Metaverse
Metaverse needs more customised and real-life-like user experiences such as the integration of the senses of smell and touch into VR experiences, as demonstrated at CES 2023
DeFi Projects were Main Attack Target in 2022, Expect More Hacks This Year
Reports show DeFi projects faced 113 hacking attacks in 2022, with a total of $950 million in losses
Santander Partners Allianz Trade & Two for B2B BNPL Solution
The partnership combines Allianz Trade’s global corporate database with Two’s B2B BNPL technology, while Santander provides expertise in Working Capital Solutions
Who Is and Isn’t Feeling the Unofficial Recession?
“The credit market is clearly telling the equity market: we don’t see a recession, and if we do see one, it will be a mild one,” says head of international fixed income at NatAlliance Securities, as quoted by the Financial Times. And yet, the current inflation is deemed “the hottest” in four decades. The first […]
Customers of US Bank Silvergate Withdrawn Over $8bn of Crypto-Linked Deposits
Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022. The bank sold its assets worth $5.2 billion. This decision was made by a financial institution to cover expenses. Also, the sale of […]
MACH Alliance Announce New Member Adyen
The MACH Alliance group of independent technology companies announced on January 6 that its structure will include Adyen (AMS: ADYEN), a global financial technology platform.
Demographics Determine Payment Preferences
The European Central Bank found out that the demographic factor determines consumers’ payment preferences.
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