South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
The governor of the Bank of Japan, Kazuo Ueda, on Monday, December 25, stated that there is currently an increasing likelihood that the financial regulator’s inflation target will be reached, noting the possibility of making adjustments to the policy of the organization he heads.
China’s largest state-owned banks are reducing deposit rates for the third time since the beginning of this year.
Those working in the crypto industry today are much more likely to receive job compensation in the form of equity than crypto tokens, unlike only a few years ago.
Several international platforms, such as Revolut, Bitpanda, Crypto.com and Vivid, have joined the list of registered crypto providers in Spain in 2023.
The British fintech company Revolut reported that its revenue for 2022 amounted to $1.1 billion.
The United Kingdom’s economic system is currently on a path that could end in recession.
Visa announced the beginning of cooperation with the biometric company TECH5.
Deloitte, a global professional services company, is currently implementing a partnership with Fintech Saudi.
Payoneer, a company operating in the financial technology industry, has announced new features that will enhance the quality of customer service and facilitate entrepreneurs’ access to the global economy.
Eastern Bank PLC. (EBL), headquartered in Dhaka, the capital of Bangladesh, plans to issue the world’s first biometric metal IDEX Pay card.
The re-commerce platform Soum has announced that it has managed to raise $18 million to expand its operations in the Middle East and North Africa.
McKinsey and Company predicts that generative artificial intelligence will continue to occupy a dominant position in the business environment next year.
The Chinese authorities decided to stop the export of several rare earth technologies.
The media reports that the startup Anthropic, which operates in the sphere of artificial intelligence, is currently negotiating a $750 million funding raise.
The media reports that the British fintech company Revolut is aiming to generate revenue of $1.9 billion in 2023.
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