FinTech Cash Burn Totaled $12 Billion in 2022
Recently registered technology companies have spent more than $12 billion in cash over the past year.
Finance & Economics - page 86
UK Government Announces Delay to Pension Dashboard Initiative
The British Welfare and Pension Administration reported disappointment due to the delay in the launch of the Pensions Management Panel project.
Bank of Canada Prepares Report on Prospects of Digital Currency
The Bank of Canada has prepared a report on the specifics of using the national bank’s digital currency (CBDC).
FlashCloud Employs Machine Learning to Enable Businesses Tailor Their Sales Pitch
A new machine learning (ML) enabled feature from FlashCloud Intelligence helps business-to-business (B2B) sellers find prospects on social media and identify “buying signals”
WhatsApp Gets Central Bank Approval to Launch Business Payments in Brazil
While people in Brazil have been able to use WhatsApp for P2P transactions for a while, the national Central Bank had not given the green light for small business payments until now
Innovate Finance Calls For Expanded Open Banking
The British fintech industry organization Innovate Finance has appealed to regulators to expand the scope of open banking services.
Central Bank of Ireland Blocks Staff Use of ChatGPT
The Central Bank of Ireland has decided to ban the use of chatbot ChatGPT with artificial intelligence (AI) by employees of a financial institution.
Silvergate on the Brink of Bankruptcy, Wiping $22 Billion From Bitcoin Market Cap
The crypto-focused bank Silvergate warned it would miss the annual financial report deadline and raised questions about its ability to survive. A wave of uncertainty caused about 5% Bitcoin decline
Amazon Business App Adds Purchase Reconciliation Tool for B2B Buyers
Amazon Business has added 3-Way Match to its mobile app for B2B shoppers.
Zenus Bank Launches Visa Infinite Debit Card in 46 Countries
Zenus Bank announced the launch of the Visa Infinite debit card.
InvestCloud Upgrades White Platform
InvestCloud, the global leader in the digital transformation of the financial industry with assets of more than $ 6 trillion, announced the release of the next version of InvestCloud White called InvestCloud White FMB+
HSBC Grants Its First Green Loan in Hong Kong
HSBC Bank has granted its first green loan to a climate-mitigation technology firm based in Hong Kong. The borrower is fighting global warming with emissions reduction projects on the construction sites
Modern Treasury Unveils Global ACH Service
Modern Treasury has presented a new cross-border payment network Global ACH, that should provide a cheaper and faster alternative to the SWIFT network and other third-party options with high FX markups
ECB Introduces Timeline for CBDC Rollout
The European Central Bank (ECB) has announced its plans for a step-by-step rollout of a digital euro CBDC. The final realisation phase may come later this year
Robinhood Wallet Launches on iOS, Android Support Soon to Come
Robinhood Wallet, which launched its beta version in September, now rolled out full-scale for the one million customers on the waitlist
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