Interest-Only Mortgages Shrink in UK: Report and Forecast
UK Finance observed a further reduction in the size and risk profile of the interest-only mortgage book in 2022, as customers continued to repay their loans on or ahead of schedule
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IBM and Adobe Expand Partnership With Generative AI Focus
IBM and Adobe announced the expansion of cooperation in order to provide brands with the opportunity to create content using artificial intelligence.
Amazon Teams With YouLend
Amazon on Tuesday, June 20, announced the beginning of cooperation with the YouLend embedded financing platform.
Afreximbank Expects Up to 20 Countries to Use Pan-African Payment System by Year’s End
By the end of this year, up to 20 countries can join the pan-African payment system.
Nevada Introduces Regulatory Standards for Wage Access
Joe Lombardo, the 31st governor of Nevada, signed the first law in the United States to introduce regulatory standards for companies that offer access to wages (EWA).
Mexico and Peru to Develop Real-Time Payments
Currently, in Latin American countries, a significant part of non-bank households does not demonstrate either the desire or any readiness to switch to real-time payment in their actions related to handling finances, but experts believe that in the near future in some parts of this region, the corresponding service will be scaled.
Plaid Launches Tool for Cash Flow Underwriting
Plaid has introduced a new solution called Plaid Link, which will facilitate consumers’ access to real-time data on the movement of money.
Reddit CEO Lashes Out on Protests
Reddit CEO Steve Huffman continues to defend the idea of expediency and justification of changes in the Application Programming Interface (API) access policy amid protests against this decision.
Backbase Acquires Digital Wealth Platform Nucoro
Backbase, a global provider of banking software, has acquired London-based firm Nucoro.
Gaming Startup Wargraphs Sells for $54 Million
Wargraphs, a startup that consists of one person and is developing a popular companion app for League of Legends called Porofessor, was sold for $54 million.
McKinsey Reveals How Much Work Activity AI Will Replace
The answer to whether generative AI will take your place at work can be found in the new McKinsey study
OpenAI Intros New Generative Text Features
OpenAI upgraded models for creating text amid growing competition in the field of generative artificial intelligence.
Triple and Prizeout Team for Digital Gift Card Offering
The Prizeout company, which operates in the field of advertising, announced the beginning of a partnership with the Triple offer platform, which is linked to cards.
Thailand Begins Pilot Retail CBDC Project
The Central Bank of Thailand has launched a retail pilot project using the central bank’s digital currency (CBDC).
Nasdaq to Acquire Financial Services Software Company Adenza
Nasdaq today, June 12, announced the purchase of Adenza, a company that specializes in creating risk management software and related regulation for the financial services market.
PayMate Expands to Chase $68 Trillion B2B Payment Market
PayMate, a provider of business-to-business (B2B) payments and services, announced the expansion of the geography of its activities.
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