BlackRock’s recent endorsement of Bitcoin highlights the cryptocurrency’s potential to grow for years to come. Bitcoin‘s (BTC -0.35%) evolution over the past 15 years has been nothing short of extraordinary. If you had told someone when Bitcoin first launched in 2009 that the world’s largest asset manager would one day declare Bitcoin a portfolio necessity, they likely wouldn’t […]
Category: Top News
Digital Payments: Mastercard and KaiOS to Streamline Payment Acceptance for SMEs in Emerging Markets
KaiOS, the operating system that brings the best of the internet to affordable devices, announced a partnership with Mastercard (NYSE: MA) to integrate a range of digital payments solutions. Mastercard and KaiOS explained in a blog post that they will aim to deliver affordable payment acceptance devices and “stimulate the growth of a more inclusive, connected […]
Ports strike would leave Walmart, Ikea, Home Depot with few import options, union warns
As the International Longshoremen’s Association port workers move closer to a strike at East Coast and Gulf Coast ports, the union is warning that major importers such as LG Electronics, Walmart, Ikea, Samsung, and Home Depot will find no options to divert trade to Canada or the West Coast as other unions close ranks in support […]
Here’s how Southwest Airlines’ new seating and boarding process will work
For more than 50 years, open seating has been almost synonymous with Southwest Airlines, but that’s all set to change in the coming years. Over the course of several hours Thursday, executives at the Dallas-based carrier walked investors through the finer details of top-to-bottom changes aimed at boosting the company’s financial performance. For customers, those […]
Ericsson and INFORM Unite to Fortify Fintech Defences
Ericsson and INFORM integrate AML and fraud management solutions into Ericsson’s Wallet Platform, bolstering security for banks and telecoms Ericsson, the Swedish telecommunications firm, and INFORM, a German provider of anti-money laundering (AML) and fraud management solutions (FMS), have announced a partnership to enhance financial services security. The collaboration aims to integrate INFORM’s RiskShield, an […]
InDebted Secures £50m in Series C Funding Round
Australian debt collection fintech valued at £350m (US$467m) as it eyes global expansion and potential acquisitions in the Middle East and South America InDebted, a fintech company specialising in digital debt collection, has raised £50m (US$66m) in a Series C funding round. The Sydney-based firm, which uses artificial intelligence and machine learning to personalise debt […]
Extra legroom, assigned seats, overnight flights: Inside Southwest Airlines’ plan for its future
DALLAS — Southwest Airlines executives on Thursday outlined for Wall Street their vision to boost profits: extra legroom seats starting in 2026, assigned seating, international partnerships and overnight flights. Southwest’s new plan comes as its leaders seeks to fend off activist Elliott Investment Management, which has called for leadership changes. Southwest said its three-year plan will add $4 […]
BofA launches account to help parents teach kids money lessons
Recent data from BofA shows that only 47% of college students feel financially prepared for the “real world”. And while 90% of parents believe they bear responsibility in teaching their child financial literacy skills, finding the right tools can be challenging. The SafeBalance Banking for Family Banking account is designed to address this, helping children […]
Alibaba, JD and Meituan surge after China stimulus announcement
Alibaba Group Holding Ltd (BABA, 9988.HK), JD.com Inc. (JD, 9618.HK) and Meituan (3690.HK, MPNGY) enjoyed their best trading days in years after the Chinese government announced measures to stimulate the troubled domestic economy. Consumer tech firms were swept up in a buying spree that extended across sectors on bets that Beijing’s wide-ranging new policies will […]
First Abu Dhabi Bank and JP Morgan pilot programmable payments
Working with JP Morgan’s blockchain unit Onyx, FAB completed time-based and threshold balance-based account funding into deposit accounts to execute a payment obligation. The partners say this opens up the possibility of a dynamic and automated funding and settlement solution to FAB and JP Morgan’s mutual clients. FB says traditional cash concentration structures often lack […]
Consulting at Davies Reveals a Risk of Complacency in UK Fintechs as Firms Don’t Adopt New Tech
The majority of UK firms are more inclined to play it safe when it comes to integrating technology reveals a new report from Consulting at Davies, the professional services and tech consulting firm. In its survey of 501 senior decision-makers within UK-based financial services companies, Consulting at Davies found that 59 per cent of firms are risk averse when […]
Nvidia stock edges up as industry report predicts ‘unprecedented levels’ of investment in AI data centers
Nvidia stock (NVDA) rose more than 2% on Wednesday after an industry report projected “unprecedented” levels of investments in artificial intelligence, a bullish sign for the AI chipmaker. Consulting firm Bain’s annual technology report published on Wednesday projects that companies will need to make “unprecedented levels of investment” in technology infrastructure to stay on top […]