Yoti Receives Funding From HSBC
Digital identity company Yoti has received debt financing for 12.5 million pounds from HSBC and another 7.5 million pounds of convertible debt financing from existing shareholders.
News - page 40
Deloitte and Fintech Saudi to Launch Makken Program
Deloitte, a global professional services company, is currently implementing a partnership with Fintech Saudi.
Payoneer Introduces New Features to Small Business Growth
Payoneer, a company operating in the financial technology industry, has announced new features that will enhance the quality of customer service and facilitate entrepreneurs’ access to the global economy.
EBL Launches Biometric Metal Card
Eastern Bank PLC. (EBL), headquartered in Dhaka, the capital of Bangladesh, plans to issue the world’s first biometric metal IDEX Pay card.
Soum Raises $18 Million
The re-commerce platform Soum has announced that it has managed to raise $18 million to expand its operations in the Middle East and North Africa.
McKinsey Predicts Domination of GenAI in Business Landscape
McKinsey and Company predicts that generative artificial intelligence will continue to occupy a dominant position in the business environment next year.
China Stops Exports of Some Rare-Earth Processing Technologies
The Chinese authorities decided to stop the export of several rare earth technologies.
Anthropic Plans to Raise $750 Million
The media reports that the startup Anthropic, which operates in the sphere of artificial intelligence, is currently negotiating a $750 million funding raise.
Revolut Reportedly Aims for $1.9 Billion in Revenue for 2023
The media reports that the British fintech company Revolut is aiming to generate revenue of $1.9 billion in 2023.
Apple Reportedly to Launch Vision Pro Mixed-Reality Headset by February
The media reports that Apple plans to release its Vision Pro mixed reality headset by February.
Walmart Upgrades Self-Checkout With BNPL from Affirm
Affirm’s flexible pay-over-time BNPL options are now available in self-checkout kiosks at over 4,500 Walmart stores in the United States.
Bunq Unveils GenAI-Platform
Dutch neobank launches a Generative AI-driven platform to replace the outdated search function on its banking app.
UK Supreme Court Says About Impossibility of Call AI as Inventor
The Supreme Court of the United Kingdom ruled that, from a legal point of view, it is not possible to designate artificial intelligence as an inventor to ensure patent rights.
RBI Warns Risk of India Economic Growth Falter
The report of the Reserve Bank of India (RBI), which was released on Wednesday, December 20, contains a statement that the economic system of this South Asian country will continue to demonstrate dynamic growth at a healthy pace, but the fact of the negative impact of high inflation on consumer demand creates a risk factor […]
Bank of Japan Holds Off From Policy Normalization Moves
The Bank of Japan maintained its moderate stance following the results of its last monetary policy meeting this year, although markets are signaling growing confidence that the financial regulator is gradually approaching the normalization of its activity strategy.
China Leaves Lending Benchmark Rates Unchanged
In China, local financial authorities on Wednesday, December 20, decided to keep benchmark lending rates at a monthly level, which corresponds to preliminary market expectations and is a predictable action that does not go beyond the most likely scenarios.
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