Marathon Digital Holdings, a prominent player in the Bitcoin mining industry, has taken a significant step towards integrating renewable energy into its operations. The company has acquired a 114-megawatt wind farm in Hansford County, North Texas, aiming to power its Bitcoin mining activities with sustainable energy. This acquisition, completed through a filing with the US Federal Energy Regulatory Commission, underscores
In a proactive move to comply with the forthcoming Regulation (EU) 2024/886 on instant credit transfers in euros, commonly referred to as the Instant Payments Regulation (IPR), the European Payments Council (EPC) has announced an early release of its 2025 payment scheme rulebooks. This shift in timing is significant as the rulebooks will come into effect on October 5, 2025,
Credo Technology Group is rapidly gaining prominence in the tech industry, primarily due to its outstanding fiscal second-quarter financial results and an optimistic outlook that has piqued investor interest. The company’s specialization in enhancing data center efficiency, particularly for cloud computing clients, has led to a significant increase in its stock performance. Bank of America has demonstrated strong confidence in
Embedded finance has been quietly revolutionizing the way we interact with money by seamlessly integrating financial services such as payments, loans, and insurance directly into non-financial platforms. These integrations allow users to complete financial transactions effortlessly within apps they commonly use without needing to open separate banking or financial apps. This trend has significantly reshaped the digital financial landscape across
The significant rise of artificial intelligence (AI) within finance operations across organizations showcases substantial levels of return on investment (ROI) and numerous operational benefits. According to recent research conducted by KPMG International, the widespread deployment of AI technologies, including machine learning, deep learning, and generative AI, is transforming finance functions. These advancements are enhancing data quality, decision-making, speed of insights
The payment landscape is rapidly evolving, with new technologies and trends shaping the way businesses and consumers handle transactions. According to a report by Global Payments Inc., several key developments are expected to influence the sector by 2025. This article delves into these emerging trends, highlighting their potential impact on businesses of all sizes. Enhanced Fraud-Fighting Tools Investment in Embedded
The Central Bank of Libya (CBL) has introduced a new initiative aimed at alleviating the country’s ongoing liquidity crisis while embracing the modern financial era. Through this pioneering program, commercial banks are now authorized to offer interest-free loans for electronic purchases, providing much-needed support to salaried customers who struggle with accessing cash. Detailed in Circular No. 20, drafted by the
Brazil once again positions itself at the forefront of financial innovation with the anticipated rollout of Pix by Approximation, a contactless payment system authenticated by biometrics and NFC technology. This advancement underscores the nation’s commitment to modernizing its financial infrastructure and promoting greater financial inclusion. Set to be introduced by February 28, 2025, Pix by Approximation integrates pre-linked bank accounts
The financial services sector is on the brink of a revolutionary transformation, driven by the advent of Agentic Artificial Intelligence (AI). Unlike its predecessor, Generative AI (GenAI), which relies on human prompts, Agentic AI operates autonomously, making decisions, collaborating, and continuously learning without human intervention. This new form of AI promises to enhance decision accuracy, personalize customer interactions, and optimize
In a bid to revolutionize business banking and simplify financial management, myTU has unveiled its new AI-powered business Visa debit card—a cutting-edge, cloud-first digital banking solution designed specifically for businesses. This innovative product has already been rolled out to customers across the entire European Economic Area (EEA), offering them both physical and virtual card options. The new card boasts a
Corpay, Inc. (NYSE: CPAY), a leading S&P 500 corporate payments company, has achieved a significant milestone by completing the acquisition of GPS Capital Markets, LLC, a prominent cross-border solutions provider for upper middle market companies. This strategic move follows Corpay’s recent acquisition of Paymerang, indicating the company’s robust efforts to enhance its market position and growth potential. According to CEO
Visa hosted its first Open Payments Session in Cambodia, uniting regulators, experts, merchants, and financial services representatives to discuss the country’s advancing digital payment ecosystem. With e-commerce revenue projected to hit $1.12 billion in 2024 and rise to $1.81 billion by 2029, the landscape is set for significant transformation. Key discussions at the session included the rise of cashless and
