China’s Economic Troubles Hurt HSBC
HSBC on Wednesday, February 21, published data on a significant decrease in its quarterly profit after the share of this financial institution in China’s Bank of Communications (BoCom) fell by $3 billion.
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Adobe Launches AI Assistant
Last Tuesday, February 20, Adobe launched a digital assistant based on artificial intelligence.
Barclays to Return £10 Billion to Investors in Overhaul
Barclays Plc announced its activity plans for the near future, which include taking measures to reduce costs, structural reorganization, and returning at least £10 billion to shareholders.
Capital One to Acquire Discover Financial Services
Capital One has announced the acquisition of Discover Financial Services.
Airlines to Scan People’s Faces Instead of IDs
Experts believe that in the foreseeable future, the practice may become a reality, in which aircraft passengers will show their faces during boarding instead of presenting an identity card.
Brazil Stark Bank Doubles Profit
Stark Bank, one of the few startups from Latin America that received funding from Jeff Bezos’ family office, is currently recording profits as part of its activities to assist companies in handling payment transactions.
France and Germany to Propose Measures for Economic Growth
French Finance Chief Bruno Le Maire said that in early March he would make proposals to German Economy Minister Robert Habeck to reduce the norms of the European Union, which, in his opinion, are a factor of negative impact on business and create obstacles to economic growth.
Indian Fintech Sector to Continue to Operate Under Current Rules
In India, the local banking regulator has no intention of tightening the rules governing the fintech sector in this country.
Reddit Reportedly Signs AI Content Licensing Deal
Reddit has signed a contract that provides for the possibility of using content posted on this social media platform to train artificial intelligence models.
HSBC to Improve Ties With Hong Kong Unit
HSBC intends to tighten risk management in its Hong Kong unit Hang Seng Bank.
U.S. Bank Taps Pagaya’s Credit Intelligence Network for Personal Loans
U.S. Bank on Thursday, February 15, reported that over the past few months, more than 200 of its clients have received approval to get personal loans using technology and a credit intelligence network, which was enabled as part of the implementation of the partnership between this financial institution and Pagaya Technologies.
OpenAI Launches Text-to-Video Model
OpenAI, which became world-famous after launching its artificial intelligence-based chatbot called ChatGPT, presented a new Sora product.
Apple Reportedly Develops GenAI Coding Tool
The media reports that Apple is currently working on creating a new coding tool based on artificial intelligence.
DoorDash Increases Its Retail Presence
DoorDash is gradually undergoing a process of functional transformation from a digital restaurant food delivery platform into something more than a super app, expanding its retail offerings.
Bank of America and Starbucks Roll Out Rewards Program
Bank of America and Starbucks customers will get more benefits by linking accounts opened in a financial institution and a company that owns an international chain of fast-food cafes.
Scammers Use GenAI to Scale Phishing Attacks
Currently, in the United States, more than 25% of companies prohibit their employees from using generative artificial intelligence, but these measures, taken, among other things, for security reasons, are not an effective tool to counter cybercriminals who, using AI, force their victims to provide confidential information or pay fraudulent invoices.
