Markets

According to a recent study conducted by FintechOS, as much as 73% of executives from the financial services sector believe that they will eventually be replaced by generative AI. Is AI a friend or foe? The study, titled “Generative Artificial...

2023 is turning out to be the year of presales with up to 5 pre-ICO projects taking the internet by storm. Meme Kombat is emerging as the biggest success story with its explosive presale. The project made headlines globally after...

A G20 policy document prepared by the World Bank said that without technologies like Mobile phones, Aadhaar, and Jan Dhan Banks accounts, India could have taken 47 years to ensure that 80% of its population is granted access to financial...

Caroline Pham, a commissioner at the Commodity Future Trading Commission (CFTC), has proposed launching a limited pilot program for regulating digital assets in the US. This program will commence with a stakeholder roundtable and involve adopting rules and addressing retail...

A branch of Red Cross in Denmark, one of the world’s largest humanitarian networks with 16 million volunteers across 192 countries, has revealed a strategic partnership with Inpay, a major FinTech enterprise in Denmark and the United Kingdom. This FinTech...

The Financial Conduct Authority (FCA) has hinted that it plans to extend its crypto marketing rules deadline until January 8 next year. The regulator noted that it considered the initial deadline of October 4 too soon for the companies. It...

HSBC is working on a project called Quantum Computing to enhance its finance section. It plans to use the power of the technology in areas like natural language processing, fraud detection, and cyber security. In collaboration with Quantinuum, the company...

Hyundai is working towards making in-car payments a thing. The automaker has launched the Hyundai Pay system, where customers can find and pay for products and services through the car’s touchscreen. The in-car payment service involves customers’ credit card information....

Upstreet, a fintech based in Australia, has shut down its operations just 17 months after securing $3 million from investors. The fintech rewards shoppers with fractional shares whenever they buy everyday items. The co-founders of Upstreet, Christian Eckleman, and Sabine...

The Commonwealth Bank of Australia (CBA) is set to acquire cloud-based invoice lending firm Waddle. The acquisition will accelerate the bank's plans to offer working capital solutions to businesses across Australia. CBA will make this acquisition through its venture scaling...

Hana Bank, one of the leading commercial banks in South Korea, has entered a strategic partnership deal with BitGo. The partnership seeks to launch digital asset custody services during the second half of 2024. BitGo is among the most popular...

The Regulated Liability Network became increasingly popular in the United States with trials that attracted the participation of several banks. The trial also included Mastercard and the New York Federal Reserve. The UK Regulated Liability Network plans to experiment with...

EvolutionQ, a Quantum security startup, has participated in a research project for the Bank of Canada. The research involves quantum-safe cybersecurity technologies for digital currencies. EvolutionQ's CEO, Michele Mosca, said that the recent advancement in the digital asset industry meant...

A new report revealed a major security flaw in the New York City subway’s contactless payment system. According to the report, the system allows people with a rider’s credit card details to see their travel history dating back seven days....

USAA, the online military bank, has just struck a major victory in its goal to protect its remote deposit capture patents. According to recent reports, the bank partnered with Discover Financial Services and secured a licensing agreement. The two companies...