The Emirates Development Bank (EDB) has entered into a partnership agreement with Trade Capital Partners (TCP), which aims to create a solution for supply chain financing and working capital for small and medium-sized businesses in the United Arab Emirates (UAE).
Comerica Bank, headquartered in Dallas, Texas, announced the launch of a new set of solutions for small business and business banking clients.
Riskified and the multinational financial corporation Mastercard announced the beginning of cooperation, the purpose of which is to create for companies, operating in the field of e-commerce, the opportunity to increase the level of profitability received from digital business, and at the same time reduce the risk of fraudulent exposure.
Peoples Bank, which is based in Ohio, announced the launch of the Corserv credit card program.
Microsoft CEO Satya Nadella compared artificial intelligence to a tidal wave in terms of influencing the processes taking place in the plane of human life.
The technology giant IBM is currently developing a prototype of a chip similar to a human brain and states that within the framework of this project, the issue of improving the energy efficiency of artificial intelligence is being solved.
In the UK, a mechanism has been created to provide support to firms that are at the stage of growth and are engaged in financial technologies.
Travel giant TUI AG announced the implementation of a pilot project in which generative artificial intelligence was integrated into the company’s mobile application in order to test the potential of advanced technology as part of the process of interacting with customers in the UK.
The media, referring to a report by Deep Mind, which operates in the field of generative artificial intelligence and is a subsidiary of Google, reports that this firm plans to create an AI model that gives advice.
Foxconn Launches iPhone 15 Production in India.
Intel Corporation announced the termination of attempts to acquire the Israeli company Tower Semiconductor.
American retail chains reported that by the end of July, an increase in consumer spending in this trading sector was recorded.
Victor Tam, CEO of Monos, a company that creates premium travel products, said that during the difficult macroeconomic situation, which so far shows no signs of improvement in the foreseeable future, many consumers refuse to make large purchases in the e-commerce space, preferring shopping during holiday sales.
The Brazilian digital bank Inter has published a report on the financial results of this virtual lender in the second quarter of this year.
Charles Zhu, Enigma’s vice president of products, said during a conversation with the media that the Know Your Business (KYB) requirements can become a heavy burden for financial institutions that form the internal process of meeting the criteria.
The media reports that the Japanese corporation SoftBank Group is currently negotiating to purchase 25% of Arm shares, which are not its property, from Vision Fund 1 (VF1), an investment fund worth $100 billion.
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