China Development Bank Increases Loan Support for Science & Tech
China Development Bank granted CNY 261.9 billion (about $38.68 billion ) of loans to support the country’s science and technology innovation in 2022
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Signature Bank Will Not Handle Crypto Transactions Under $100,000
Once a crypto-friendly bank, Signature is trying to reduce its exposure to the beleaguered digital asset market, increasing the transaction limits for crypto traders it supports
PayPal Users Victim of Data Breach
The accounts of 34,942 PayPal users were hacked between December 2-6, 2022.
Universal Digital Payments Network Launches at Davos
A Universal Digital Payment Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDC) was launched at the World Economic Forum (WEF) in Davos.
Apple to Struggle to Return to Growth
To meet the expectations of Wall Street, Apple is facing a serious problem in the form of declining demand for products.
Google to Cut 12,000 Jobs
Google’s parent company Alphabet Inc. announced its intention to cut about 12 thousand jobs.
ONE Group Partners Fintech Know Your Customer
The collaboration of UK-based provider of financial services ONE and Know Your Customer aims to streamline onboarding operations for business customers, using the Modular Compliance solutions
Hargreaves Lansdown Launches Voting Service
Hargreaves Lansdown launched a digital service through which customers can vote at shareholder meetings.
Copilot Lands $10M to Help Companies Build Digital Customer Experiences
Copilot, a platform designed to help marketing agencies, accounting firms, and law companies run businesses, has raised $10 million in a Series A funding round.
Hackers Access to Personal Data of 37M T-Mobile Сustomers
In a financial report published on Thursday, T-Mobile said that hackers gained access to the storage of personal data of 37 million customers.
HSBC Gets Warning for Open Banking Malfunctions
HSBC Bank again faced claims from the British Competition and Markets Authority for publishing false information through its Open data API.
Marqeta Builds Product for Mobile Wallets
The card issuance and processing platform with an open API Marqeta presented a product for providing services via web push, which helps merchants accept payments from mobile wallets.
FNZ Buys YieldX
FNZ, capital management platform, acquired YieldX, a provider of fixed-income portfolio management technologies, optimization services, and direct indexing tools.
NAB to Release Its Stablecoin
The National Bank of Australia plans to issue stablecoin in the summer of 2023.
PhonePe’s Valuation Doubles Over $12BN
The valuation of the Indian fintech giant PhonePe has more than doubled and exceeded $12 billion in a new round of financing.
Microsoft, Amazon Set to Erase 28,000 Jobs
Microsoft and Amazon on January 18 began a large-scale reduction of employees.
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