Money Management Archives | Page 111 of 239

Fintech Blockchain

Greenpeace Urges Financial Giants to Cut Ties with Bitcoin Mining

Greenpeace USA has ramped up its campaign against Bitcoin’s Proof-of-Work (PoW) consensus mechanism, pointing to its substantial energy consumption and significant carbon emissions as pressing environmental concerns. According to the organization, Wall Street’s financial institutions play a significant role in perpetuating these harmful activities. Major institutions such as Trinity Capital, Stone Ridge Holdings, BlackRock, Vanguard, and MassMutual have come under

June 18, 2024

Digital Lending / Digital Payments

Can BNP Paribas and BPCE Lead Europe’s Digital Payment Revolution?

The new strategic partnership announced between BNP Paribas and Groupe BPCE has the potential to significantly reshape the payments landscape in France and across Europe. This collaboration is poised to create a leading payment processor by embracing digital transformation, enhancing infrastructure, and offering innovative solutions to meet the evolving needs of consumers and businesses alike. The financial sector is facing

June 18, 2024

E-Commerce

Can Vietnam Achieve a Cashless Society by Adopting Digital Payments?

Vietnam is on a fast track towards becoming a cashless society, spurred by technological innovations and strategic initiatives. The sixth annual celebration of Vietnam’s Cashless Day 2024 symbolizes the country’s drive to integrate digital payments into everyday transactions. Visa, partnering with the State Bank of Vietnam and Tuoi Tre Newspaper, plays a pivotal role in this transformation by promoting cashless

June 18, 2024

FinTech Insurance

Is Amplify Life Insurance Revolutionizing the InsurTech Landscape?

Amplify Life Insurance, established in 2019 and headquartered in San Francisco, has recently secured a significant Series B funding round totaling $20 million. This new investment, led by Crosslink Capital and Anthemis, along with contributions from other notable investors such as Munich Re Ventures, Moneta Ventures, Evolution Ventures, and Greycroft, marks a critical milestone in the company’s journey. As an

June 17, 2024

Digital Wealth Management

How is WealthForce.ai Redefining WealthTech with eMACH?

WealthForce.ai, a trailblazer in the WealthTech landscape, has achieved a remarkable milestone by forging a strategic partnership with a premier wealth management entity in India. This synergy has birthed the innovative eMACH framework, encapsulated by Events, Microservices, API, Cloud, and Headless—a multidimensional technology platform poised to transform the fabric of financial services. eMACH’s mission is straightforward yet ambitious: deliver bespoke

June 17, 2024

Digital Wealth Management

How Is Prosper Redefining Wealth Management in FinTech?

In the rapidly advancing realm of financial technology, a new challenger emerges, casting a long shadow over traditional wealth management paradigms. Prosper, a WealthTech startup, is not just entering the financial arena, it’s redefining it with a potent mix of innovation and user accessibility. Backed by financiers who hail from some of the most disruptive entities within FinTech, Prosper has

June 17, 2024

E-Commerce

How Is Stripe Revolutionizing French Digital Payments?

The French market, known for its sophisticated consumer base and thriving retail landscape, demands cutting-edge digital payment solutions that align with its progressive commerce sector. Establishing its presence in 2016, Stripe has become an instrumental player, facilitating seamless transactions for a myriad of French businesses. In a remarkable venture that underscores its dedication to innovation, Stripe has recently unveiled a

June 17, 2024

Data Centres and Virtualization

How is ABS Financing Reshaping Data Center Investments?

The landscape of data center investments is transforming. In the year 2023, the sector welcomed its second-largest wave of financial inflow in a decade, embracing a staggering $36 billion, of which a remarkable $22 billion was procured in the initial five months. As investment patterns evolve, a curious player emerges: asset-backed securitizations (ABS). North America continues to stand tall, commanding

June 17, 2024

Digital Lending / Digital Payments

What Does the Rejected $30B Card Fee Settlement Mean?

In a surprising development that could reshape a cornerstone of the financial sector, the credit card fee structure faces a potential seismic shift. Judge Margo Brodie’s indication of denying a monumental $30 billion settlement between Visa Inc., Mastercard Inc., and a cohort of retailers has sent ripples throughout the industry. The contentious dispute over credit-card swipe fees, which has sparked

June 17, 2024

AI and ML

Balancing AI Integration and Independence in European Banking

Europe’s financial sector increasingly finds itself at a crossroads, caught between the transformative potential of artificial intelligence (AI) and the risks of overreliance on a concentrated array of U.S. tech giants. As banks throughout the continent consider the implementation of AI to enhance their services, a growing concern looms. In the ongoing quest to remain competitive and efficient, how can

June 17, 2024

Digital Lending / Digital Payments

Mastercard and Doha Bank Forge Alliance to Accelerate Qatar’s Digital Payments

In a bold move that signals a new era for Qatar’s financial services, Mastercard and Doha Bank have entered into a strategic alliance that promises to herald a wave of innovation in digital payments. This partnership is set to dramatically influence the payment landscape in line with Qatar National Vision 2030’s goals, driving the nation towards an advanced knowledge-based economy.

June 14, 2024

Digital Lending / Digital Payments

NOW Money Raises $4M to Boost Financial Inclusion in GCC

The financial sector is witnessing a transformative wave of innovation, aimed at bridging the gap for those historically underserved by traditional banking institutions. Pioneering this cause in the Gulf Cooperation Council (GCC) region is NOW Money, a Dubai-based FinTech firm with a keen focus on inclusive banking and payroll services. The company’s recent accomplishments, including a significant $4 million equity

June 14, 2024