Chime Plans IPO For 2025, Submits Confidential Filing To US Government
Chime Financial Inc., a company known for its free banking services, is getting ready for an Initial Public Offering (IPO) in 2025. According to people close to the matter, Chime has sent a confidential document to the US government. While...
Former UBS Analyst Launches Educational App For Investors
Geoff Robinson, a former UBS investment analyst, has introduced a new educational app that uses his digitally cloned voice and AI-powered expertise to guide self-directed investors. The app is part of his website, theinvestmentanalyst.com. Robinson said that this smart tool...
New Zealand Proposes Lower Fees For Mastercard And Visa Payments
New Zealand’s Commerce Commission has announced a plan to reduce the fees businesses pay for accepting Mastercard and Visa payments. The Commission shared its draft decision on Wednesday, December 18, and is asking for feedback from both businesses and shoppers...
UK Neobanks Surpass Traditional Banks In App Downloads Before Christmas
The latest research from SplitMetrics has revealed that UK neobanks, like Revolut and Monzo, have surpassed traditional UK banks in app downloads for the first time. This change comes just before the busy holiday period. It shows that more people...
M4Markets Teams Up With FXBO For New Mobile App
M4Markets has announced a partnership with FX Back Office (FXBO) to launch the M4Markets Mobile App. This new app is built to improve trading services by offering features such as account management, better security, and real-time transaction tracking. The company...
Jury Delivers Verdict In High-Profile Case Involving Cash App Founder
Timothy Oliver Lee, the brother of Bob Lee, spoke at the Hall of Justice during the trial of Nima Momeni on Tuesday, December 17, 2024, in San Francisco. On the same day, a jury found Momeni guilty of second-degree murder...
Volume Secures $6 Million To Boost A2A Payment Services
Payments startup Volume has raised $6 million to expand its account-to-account (A2A) payment services. The funding round was led by United Ventures, with support from Fabrick and existing investors like Firstminute Capital, SeedX, and Haatch. These investors showed their confidence...
Lloyds Banking Group Faces Ban Over Misleading Climate Advert
The Advertising Standards Authority (ASA) has banned a climate-focused advert by Lloyds Banking Group for misleading the public about its green efforts. The advert, created by the agency adam&eveDDB, portrayed Lloyds as an environmentally friendly bank but failed to reveal...
GenAI and the Future of UX: Telegraph’s Bold Move in Personalizing News Delivery
As technology continues to advance, the way we experience digital platforms is evolving rapidly. The introduction of Generative AI (GenAI) is creating new possibilities in the field of User Experience (UX) design, and leading digital outlets like The Telegraph are...
Peanut Pet Owner’s Token Crashes: Investors Left in the Lurch
In an unexpected twist, the highly anticipated Peanut Pet Owner's Token (PPOT) has experienced a massive collapse just two weeks after its launch. Initially touted as the next big thing in the crypto and pet care worlds, the token gained...
Australia Moves to Eliminate AT1 Bonds Following Credit Suisse Crisis
Australia is set to overhaul its banking sector by eliminating the use of Additional Tier 1 (AT1) bonds, a move influenced by the recent turmoil surrounding Credit Suisse. The government’s decision to scrap the controversial debt instruments is aimed at...
BNY Mellon High Yield Municipal Bond Fund’s Q3 2024 Update
The BNY Mellon High Yield Municipal Bond Fund reported a stable performance in Q3 2024 despite broader market uncertainties. As of September 30, 2024, the fund delivered a modest return, aligning with its long-term investment strategy to capitalize on higher-yielding...
Bitcoin Set for Bullish Run Beyond $150,000, Derive’s DeFi Analysis Suggests
Bitcoin's price may skyrocket beyond $150,000 by January, according to the latest analysis by Derive, a decentralized finance (DeFi) derivatives platform. The platform's report suggests that a combination of institutional adoption, ongoing network upgrades, and growing interest from retail investors...
Meme Coin PEPE Soars Past $11 Billion Market Cap, Surpassing UNI and LTC
In a stunning turn of events, PEPE, the meme-inspired cryptocurrency, has officially surpassed Uniswap (UNI) and Litecoin (LTC) in terms of market capitalization, reaching a new all-time high of over $11 billion. The surge, driven by an increase in trading...
Thoughtworks And AWS Collaborate To Advance AI Adoption Across Industries
Thoughtworks, a renowned tech company, and Amazon Web Services (AWS) have formed a Strategic Collaboration Agreement (SCA) to help businesses use generative AI (GenAI) and solve tricky problems in Asia Pacific. This teamwork will help companies work better, satisfy customers,...