Tag

Money Management

Digital Payments, Sustainability, and Financial Inclusion: The Future of Fintech
Digital Lending / Digital Payments
Digital Payments, Sustainability, and Financial Inclusion: The Future of Fintech

The global financial landscape has undergone a remarkable transformation in recent years. The shift towards digital payment systems has changed the way we carry out financial transactions, making them faster, more efficient, and accessible to a wider range of consumers. As more and more people opt for contactless and online payments, the use of physical cash is steadily declining, and

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Modernizing International Remittances: IndusInd Bank Partners with Wise Platform for Seamless NRI Money Transfers
E-Commerce
Modernizing International Remittances: IndusInd Bank Partners with Wise Platform for Seamless NRI Money Transfers

Wise Platform, a global money transfer service, has secured its first bank integration in India with IndusInd Bank. The integration is aimed at enabling non-resident Indians (NRIs) living abroad to make international payments seamlessly into India. This partnership marks a major milestone for Wise Platform in India, as it provides its customers with access to a comprehensive solution for transparent,

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Project Rosalind: Unleashing the Potential of CBDCs and APIs in Retail Payments
Fintech Blockchain
Project Rosalind: Unleashing the Potential of CBDCs and APIs in Retail Payments

As governments and central banks continue to explore and plan the implementation of Central Bank Digital Currencies (CBDCs), the importance of exploring their functionality and security is becoming increasingly crucial. Project Rosalind, directed by the BIS Innovation Hub London Centre, is an initiative designed to test how Application Programming Interfaces (APIs) can facilitate retail payments in CBDCs. The ultimate aim

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Revolutionizing Wealth Management: WeLab Bank Launches Featured Fund Platform for Tech-Savvy Investors
Digital Wealth Management
Revolutionizing Wealth Management: WeLab Bank Launches Featured Fund Platform for Tech-Savvy Investors

WeLab Bank, a prominent digital bank in Asia, has recently announced an expansion of its wealth management services with the launch of a new Featured Fund Platform. This move comes after the bank entered the wealth management business last year, pioneering a personalized and intelligent investment experience for tech-savvy customers. Let’s take a closer look at the key features and

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SCB WEALTH Triumphs at Triple A Digital Awards 2023: Revolutionizing Wealth Management for Emerging Wealth Clients
Digital Wealth Management
SCB WEALTH Triumphs at Triple A Digital Awards 2023: Revolutionizing Wealth Management for Emerging Wealth Clients

SCB Wealth Banking Group has been awarded the Digital Wealth Manager of the Year at the Triple A Digital Awards 2023 at the Four Seasons Hong Kong by The Asset. This prestigious award was presented by The Asset, a renowned Asian business journal. The award recognized SCB’s commitment to enhancing services that seamlessly integrate across various channels. In this article,

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Navigating the IPO Alternative: How AI Startups Leverage SPACs for Market Success
AI and ML
Navigating the IPO Alternative: How AI Startups Leverage SPACs for Market Success

Artificial Intelligence (AI) is taking the world by storm. As the application of AI in various industries increases, investment in AI-focused companies is also on the rise. One of the ways companies are raising capital to fuel their growth is through Special Purpose Acquisition Companies (SPACs). In this article, we will discuss how several AI-focused companies have partnered with SPACs

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Holding Employers Accountable: The Impact of New York Court of Appeals’ Decision on Negligent Supervision and Retention Liability
Employment Law
Holding Employers Accountable: The Impact of New York Court of Appeals’ Decision on Negligent Supervision and Retention Liability

Employers have a duty to adequately supervise and retain their employees, especially in the financial sector where large sums of money are at stake. When employers fail to fulfill this duty, they may face liability for the damages caused by their employees. The Moore Charitable Foundation v. PJT Partners case is a perfect example of this type of negligence liability.

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Comerica Bank has launched a fully digital lending platform aimed at providing easier access to capital for small businesses
Digital Lending / Digital Payments
Comerica Bank has launched a fully digital lending platform aimed at providing easier access to capital for small businesses

Comerica Bank has announced the launch of Comerica Small Business Convenient Capital, a fully digital lending platform developed to simplify and accelerate access to capital for small businesses throughout the United States. In collaboration with Amount, a digitally enabled lender and credit solutions provider, the platform is designed to cater to small business customers with loan needs up to $100,000.

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Bank of China’s investment arm utilizes Ethereum blockchain to issue $28 million in digital structured notes
Fintech Blockchain
Bank of China’s investment arm utilizes Ethereum blockchain to issue $28 million in digital structured notes

In a major milestone for the adoption of blockchain technology in the financial sector, Bank of China’s investment arm BOCI has issued $28 million worth of digital structured notes using the Ethereum blockchain network. This makes the bank the first Chinese institution to issue this type of tokenized security in Hong Kong, indicating a significant shift towards blockchain technology. UBS

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BBVA Partners with AWS to Put AI and Data Technologies at the Heart of Its Business
Robotic Process Automation In Fintech
BBVA Partners with AWS to Put AI and Data Technologies at the Heart of Its Business

Spanish bank BBVA has announced its plans to put artificial intelligence and data technologies at the heart of its business strategy. BBVA intends to leverage these technologies to enhance internal processes, risk management, growth, and customer-facing services. To support these efforts, BBVA has partnered with Amazon Web Services (AWS) to utilize cloud-based machine learning and analytics. BBVA’s strategy is to

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NFT Royalties: Unlocking Long-Term Income for Artists and Revolutionizing Creative Industries
Digital Wealth Management
NFT Royalties: Unlocking Long-Term Income for Artists and Revolutionizing Creative Industries

Artists, musicians, and other creators have long struggled to monetize their work in the digital age. But in recent years, a new technology has emerged that promises to change that. Known as Non-Fungible Tokens (NFTs), these digital assets are revolutionizing the way that creators can profit from their work. One of the most important features of NFTs is their ability

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Revolutionizing B2B: DJUST Secures €12M in Series A Funding for Global Expansion and Enhanced Solutions
E-Commerce
Revolutionizing B2B: DJUST Secures €12M in Series A Funding for Global Expansion and Enhanced Solutions

DJUST, a Paris-based B2B eCommerce Software-as-a-Service (SaaS) platform, has successfully raised €12m in a Series A growth funding round. The funding round was led by New Enterprise Associates, Inc. (NEA), with additional support from Elaia Partners, which is an existing investor in DJUST. This funding round has offered a considerable financial boost to the company’s expansion plans. The €12m Series

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