Category: Markets

Swift Selected For Confirmation Of Payee Service Implementation In Australia

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The Society for Worldwide Interbank Financial Telecommunication (Swift) has been chosen by Payments Plus (AP+) located in Australia to establish a Payer identity confirmation service. The purpose of this service is to decrease… Continue reading Swift Selected For Confirmation Of Payee Service Implementation In Australia

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Genesis Agrees To Pay $21 Million Fine To The SEC

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Genesis Global Capital, a bankrupt cryptocurrency lender, has agreed to pay a fine of $21 million to the U.S. Securities and Exchange Commission (SEC). The fine will be used to settle the SEC… Continue reading Genesis Agrees To Pay $21 Million Fine To The SEC

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BlackRock Joins Asset Tokenization Race With Ethereum Fund Launch

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. BlackRock(BLK), an asset management giant, launched its tokenized asset fund, the BlackRock USD Institutional Digital Liquidity Fund, on the Ethereum network. it is symbolized by the blockchain-based BUIDL token. It is fully supported… Continue reading BlackRock Joins Asset Tokenization Race With Ethereum Fund Launch

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Users Of BuildMyCreditScore Witness Rapid Increases In Their Credit Scores

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. BuildMyCreditScore, an Open banking-driven company located in the UK, reported that its users have experienced an average 52-point surge in their credit scores in the first three months. Introduced in October last year,… Continue reading Users Of BuildMyCreditScore Witness Rapid Increases In Their Credit Scores

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Report Shows A Shift For UK Fintech To Ubiquitech

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Dr. Ruth Wandhöfer, Chair of the Ubiquitech Group, has shown a report revealing practical recommendations for improving the United Kingdom’s digital economy. The report highlights the importance of delivering access to sustainable infrastructure,… Continue reading Report Shows A Shift For UK Fintech To Ubiquitech

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Glitch In Ethiopian Bank System Results In Millions Withdrawn

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Individuals across Ethiopia have successfully withdrawn huge amounts of cash from their bank accounts following a system glitch. Over £31million was taken out mostly by students from the Commercial Bank of Ethiopia (CBE).… Continue reading Glitch In Ethiopian Bank System Results In Millions Withdrawn

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Suitor Bids Fail To Meet Shift4 Payments’ Expectations

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Jared Isaacman, the Chief Executive Officer at Shift4 Payments, is said to be distinctly unimpressed by the valuations offered by potential acquirers. According to an internal memo obtained by Bloomberg, Isaacman mentioned that… Continue reading Suitor Bids Fail To Meet Shift4 Payments’ Expectations

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UDPN Introduces Digital Currency Sandbox For Banks

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The Universal Digital Payments Network (UDPN) has rolled out a cryptocurrency sandbox for both central and commercial banks. Unveiled at Davos in 2023, the UDPN is aiming for interoperability for cryptocurrencies, including CBDCs… Continue reading UDPN Introduces Digital Currency Sandbox For Banks

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FINRA Issues $850,000 Fine To M1 Finance For Misleading Posts

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The Financial Industry Regulatory Authority has issued a fine of $850,000 to M1 Finance LLC for posts made on social media. These posts which were made by influencers backed by the firm are… Continue reading FINRA Issues $850,000 Fine To M1 Finance For Misleading Posts

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Bank of America Combines Five Apps into a Unified Platform

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Bank of America has rolled out a massive update on its mobile application, revolutionizing how customers engage with their finances. As digital interactions continue to rise, 57 million digital customers are provided an… Continue reading Bank of America Combines Five Apps into a Unified Platform

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