UAE Central Bank Launches Digital Finance Initiatives
The Central Bank of the UAE launched Financial Infrastructure Transformation Programme which includes nine key digital finance initiatives to make UAE financial and digital payment hub
Finance & Economics - page 92
Tether Announces $960 Million In Excess Reserves
Tether has published a report according to which there are excess reserves and the transfer of assets to treasury bills.
Beauceron Security Gets CIBC Backing
The platform of the Canadian company SaaS for cybersecurity Beauceron Security has received funding from CIBC Innovation Banking.
Dhakai Adds Automation Capabilities to B2B Apparel Sourcing Platform
Dhakai has expanded the capabilities of its platform designed to search for clothing suppliers in B2B format.
Qatar Airways Launches Reusable NFC Bag Tags for Contactless Luggage Check-In
Passengers flying Qatar Airways planes have been allowed to transfer their flight data to a reusable electronic tag attached to their luggage.
MEPs Approve Draft Legislative Framework for European Digital Identity Wallet
The European Union Committee on Industry, Research, and Energy has approved the proposed update of the European Digital Identification System.
Lunar Raises €35 Million
Danish neobank Lunar announced the raising of financing in the amount of 35 million euros.
Standard Chartered and Allinpay Enables Instant Cross-Border Payments in Hong Kong
Standard Chartered Bank and Singapore-based Allinpay have made PayNow’s instant cross-border payments feature available to merchants and businesses in Hong Kong.
Jupiter Offloads Starling Stake
Jupiter Asset Management sold its stake in digital lender Starling Bank.
Bank of London Scores $40 Million Series C Extension
Bank of London, a global startup in the field of clearing and transactional banking services, has raised $40 million as part of a Series C funding expansion.
Nine Banks Invest $45 Million in Carbon Credit Transaction Network
The banking group, consisting of nine large financial institutions, has directed investments of $45 million to the development of Carbonplace, a global network of transactions on carbon credits based on DLT, founded by them.
Dubai Releases Crypto Regulations for Virtual Asset Services Providers
Dubai mandates licensing for crypto services providers with new regulatory requirements by the VARA.
Partech Raises $262M to Invest in African Tech Companies
The venture capital company Partech has closed its second African fund worth $262 million.
BNPL Firm Openpay Falls Into Receivership
The Australian operator BNPL Openpay declared bankruptcy a few days after reports of a record quarterly profit.
Bank for International Settlements to Step Up Work on Monitoring of Stablecoins
The Bank for International Settlements has published a plan for the development of its network of innovation hubs for 2023, which, among other things, provides for active monitoring of stablecoins on an ongoing basis.
Wink Secures $3 Million Seed Investment
Wink, a US-based biometric identification and payments platform, has reported receiving an additional initial investment of $3 million.
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