Category: Markets

Denmark is removing old banknotes from circulation due to declining usage

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Denmark has started withdrawing older banknotes from circulation due to the lack of their usage among its citizens. The country noticed that very few people still recognize them as valid, and even those… Continue reading Denmark is removing old banknotes from circulation due to declining usage

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Lloyds Banking Group announces shutdowns of 45 more branches in 2024

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. As digital banking continues to grow in the UK, major banks are giving up on running physical branches. Lloyds Banking Group, one of the leading banks in the country, already announced further shutdowns… Continue reading Lloyds Banking Group announces shutdowns of 45 more branches in 2024

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Rich Data Co concludes a $28m funding round led by Westpac and nCino

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Rich Data Co (RDC) recently held a funding round that managed to raise $28 million. The round was led by Westpac and nCino. The round also had other participants, including existing investors, such… Continue reading Rich Data Co concludes a $28m funding round led by Westpac and nCino

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Italian competition authority orders Intesa Sanpaolo to stop consentless customer migration

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Italian competition authority, the Autorità Garante Della Concorrenza e del Mercato (AGCM), recently ordered Intesa Sanpaolo to halt customer migrations to its new app-only unit. The Italian lender recently launched an app-only, cloud-based… Continue reading Italian competition authority orders Intesa Sanpaolo to stop consentless customer migration

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Mastercard rolls out generative AI retail assistant tool for shoppers

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Mastercard is the latest major company in the world of payments to jump on the generative AI opportunity by rolling out an AI-powered assistant tool aimed at the retail sector. According to the… Continue reading Mastercard rolls out generative AI retail assistant tool for shoppers

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Greece’s Eurobank makes a €10 million minority equity investment into UK’s Plum

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. UK’s smart money app Plum managed to secure a €10 million minority equity investment from Eurobank, a leading bank from Greece. The investment comes as part of a strategic partnership in the region.… Continue reading Greece’s Eurobank makes a €10 million minority equity investment into UK’s Plum

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Retiring head of MAS bashes crypto, predicting a decline in the near future

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The retiring head of the Monetary Authority of Singapore (MAS), Ravi Menon, recently spoke about cryptocurrencies, revealing his skepticism and grim predictions. According to the MAS’ head, private cryptocurrencies will not exist for… Continue reading Retiring head of MAS bashes crypto, predicting a decline in the near future

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Mastercard makes a strategic investment in Paysend’s $65m funding round

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Card giant Mastercard recently joined a $65 million Paysend funding round with a strategic investment in support of the UK-headquartered international money transfer firm. Mastercard is also partnered with the company, as the… Continue reading Mastercard makes a strategic investment in Paysend’s $65m funding round

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Apple is looking to end its partnership with Goldman Sachs

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. A recent report by the Wall Street Journal says that Apple has sent a proposal to its financial partner, a leading bank, Goldman Sachs. According to the proposal, the tech giant seeks to… Continue reading Apple is looking to end its partnership with Goldman Sachs

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Football legend Christiano Ronaldo faces a class action suit for promoting Binance

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Legendary football player Christiano Ronaldo has recently been hit with a class action lawsuit of over $1 billion due to his promotion of an NFT collection with Binance, the world’s largest crypto exchange… Continue reading Football legend Christiano Ronaldo faces a class action suit for promoting Binance

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