Safaricom Launches Mobile Money Service in Ethiopia
Kenyan telecommunications company Safaricom has launched its M-Pesa mobile payment service in Ethiopia.
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HDFC Bank and Marriott Bonvoy Launch Travel Card
Indian HDFC Bank announced the beginning of cooperation with Marriott Bonvoy, the Marriott International travel program, in order to launch a co-branded hotel credit card.
SoftBank Plans Its Indian Startup Founders Trip to Silicon Valley
SoftBank Group plans to send its Indian startup founders to Silicon Valley in September, where they will get acquainted with the specifics of the field of artificial intelligence and the features of advanced technology.
QR Code Payments to Grow 590% in Southeast Asia by 2028: Research
A new study from Juniper Research has found the volume of QR code payments in the leading Southeast Asian market will increase from 13 billion in 2023 to 90 billion in 2028.
Alibaba Cloud Launches New AI Models
Alibaba Cloud has developed two open-source artificial intelligence models that are able to recognize information contained not only in text materials but also in images.
Analyst Downgrades Royal Bank of Canada
Royal Bank of Canada (RBC) showed results in the third quarter that exceeded analysts’ expectations and forecasts, but the problems that the financial institution will face in the near future became a reason for one of the experts to downgrade the lender’s shares.
Reddit Launches Rewards Program for Moderators
Reddit announced the launch of a moderator assistance program.
AI Startup Hugging Face Raises $235 Million
The Hugging Face startup, which operates in the area of artificial intelligence, announced that it managed to raise investment funds for $235 million following the results of the Series D funding round.
TD Bank Cooperates With Regulators on Anti-Money Laundering Issues
TD Bank announced cooperation with regulators and law enforcement agencies in the framework of the proceedings concerning the lender’s compliance with the provisions of the normative base defining the legal principles of combating money laundering.
Twilio Launches AI Tools
Twilio, a software company, presented new artificial intelligence tools for its customer interaction platform.
NVIDIA CEO Dispels Concerns About Deficit of Chips in AI Boom
NVIDIA Chief Executive Officer Jensen Huang said that investors’ concerns about a possible shortage of chips due to exceeding by the level of demand for these products the pace of production are not justified, and noted that there is no reason for any anxiety about this.
NVIDIA Reports Record Sales
NVIDIA has reported an increase in its sales to a record level amid a rapid growth in demand for artificial intelligence chips.
FinTech Startup Yeeld Partners With Airwallex to Accelerate Global Payments
Fintech startup Yeeld announced the beginning of cooperation with the financial company Airwallex in order to accelerate global payment operations and other transactions for customers.
NVIDIA and VMware to Accelerate Generative AI Adoption
VMware and NVIDIA announced the expansion of the scope of strategic cooperation in order to provide businesses with assistance in implementing generative artificial intelligence in the process of their activities.
Cross River Bank and FinTech Platform Current to Launch New Credit-Building Product
Cross River Bank has reached an agreement with the Current fintech platform on cooperation within the framework of the project to launch a new loan product.
Clara Reportedly Launches Cross-Border Payments in Mexico
The media reported that the fintech company Clara in Mexico began to provide local consumers services for making cross-border payment transactions.
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