Sardine Launches Anti-Fraud Consortium of Financial Institutions and FinTechs
Sardine, a company that specializes in preventing fraudulent activity, has created an independent consortium to combat similar crimes committed in the field of payments.
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Data Management Firm Databricks to Acquire AI Startup MosaicML for $1.3 Billion
Databricks, a company specializing in the storage and management of data arrays, announced the acquisition of MosaicML startup, which operates in the field of artificial intelligence creation.
Swiss National Bank Preps Wholesale CBDC Test
The central bank of Switzerland intends to issue a wholesale digital currency.
Apple Adds iPhone 14 and New Macs to Self-Service Program
Apple has expanded its Self-Service Repair program, extending it to some of the newest devices from its product line.
AWS Launches Program to Help Customers Implement Generative AI
Amazon Web Services (AWS) has announced the launch of a program designed to accelerate the process of implementing artificial intelligence by consumers.
Amazon Trounces Walmart in Most Retail Categories
Amazon and Walmart in the US market have long been in a state of competition with respect to each other, in this situation, the obvious circumstance is that at certain stages one of the participants in the conditionally adversarial process will be in a more advantageous position.
Interest-Only Mortgages Shrink in UK: Report and Forecast
UK Finance observed a further reduction in the size and risk profile of the interest-only mortgage book in 2022, as customers continued to repay their loans on or ahead of schedule
IBM and Adobe Expand Partnership With Generative AI Focus
IBM and Adobe announced the expansion of cooperation in order to provide brands with the opportunity to create content using artificial intelligence.
Amazon Teams With YouLend
Amazon on Tuesday, June 20, announced the beginning of cooperation with the YouLend embedded financing platform.
Afreximbank Expects Up to 20 Countries to Use Pan-African Payment System by Year’s End
By the end of this year, up to 20 countries can join the pan-African payment system.
Nevada Introduces Regulatory Standards for Wage Access
Joe Lombardo, the 31st governor of Nevada, signed the first law in the United States to introduce regulatory standards for companies that offer access to wages (EWA).
Mexico and Peru to Develop Real-Time Payments
Currently, in Latin American countries, a significant part of non-bank households does not demonstrate either the desire or any readiness to switch to real-time payment in their actions related to handling finances, but experts believe that in the near future in some parts of this region, the corresponding service will be scaled.
Plaid Launches Tool for Cash Flow Underwriting
Plaid has introduced a new solution called Plaid Link, which will facilitate consumers’ access to real-time data on the movement of money.
Reddit CEO Lashes Out on Protests
Reddit CEO Steve Huffman continues to defend the idea of expediency and justification of changes in the Application Programming Interface (API) access policy amid protests against this decision.
Backbase Acquires Digital Wealth Platform Nucoro
Backbase, a global provider of banking software, has acquired London-based firm Nucoro.
Gaming Startup Wargraphs Sells for $54 Million
Wargraphs, a startup that consists of one person and is developing a popular companion app for League of Legends called Porofessor, was sold for $54 million.
