As much as 80 per cent of payment leaders worldwide believe their company requires a complete overhaul of their payment technology stack, according to new research from Primer, the unified infrastructure for global payments. Unsurprisingly, Primer revealed that 75 per cent of payment professionals expect that payments will become more critical to their organisations over […]
Following the experimentation phase of a new ‘UK Regulated Liability Network’ (RLN), UK Finance, the British trade association for the UK banking and financial services sector, has revealed that such a platform could deliver economic value and support innovation in the market. Since April 2024, UK Finance has worked alongside eleven of its members and six […]
Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power them. The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, or GAIIP, which was announced in a press release on Tuesday. […]
Sept 17 (Reuters) – The trial where U.S. anti-trust regulators made their case to block Kroger’s (KR.N), opens new tab $25 billion bid to buy rival grocer Albertsons (ACI.N), opens new tab will conclude on Tuesday, but the deal’s legal challenges have just begun, with two more trials this month to hear complaints the merger […]
Microsoft Corp. unveiled a new $60 billion stock-buyback program, matching its largest-ever repurchase authorization, and raised its quarterly dividend 10%. The software company said shareholders as of Nov. 21 will receive a quarterly dividend of 83 cents a share, compared with the current 75 cents. The share repurchase agreement, which has no expiration date, replaces a […]
Intel’s (INTC) foundry, or contract manufacturing business, has signed up Amazon’s (AMZN) cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence. Intel’s shares were up roughly 8% in extended trading on Tuesday after CEO Pat Gelsinger […]
PalmPay, a financial platform boasting over 30 million users in Nigeria, has launched a USSD code, offering locals a new way to manage their finances without internet connectivity. As part of an effort to improve the accessibility of PalmPay, customers can now perform a number of banking transactions by dialling ‘*861#’ on their mobile phones. […]
A new survey launched by the Open Property Data Association (OPDA) aims to gather insights from homebuyers and sellers across the UK, with the goal of improving the homebuying process through digital transformation. The research project, distributed through over 30 member firms such as Atom bank, Inventory Base and Kotini, seeks input from thousands of consumers to inform OPDA’s campaign to […]
Here are two reliable dividend-paying stocks poised for upside. For investors, dividend-paying stocks offer an immediate return, and those with consistent, rising payouts have performed even better, with less volatility than the benchmark S&P 500. One explanation could be that annual dividend increases compel management to maintain disciplined capital allocation while also signaling strong confidence to […]
JPMorgan Chase CEO has laid out the “worst outcome” for America’s economic future, beyond recession. “The worst outcome is stagflation,” said Dimon. “And by the way, I wouldn’t take it off the table.” 68-year-old Jamie Dimon made his remarks on Tuesday at the Council of Institutional Investors in New York. JPMorgan Chase is the largest […]
The DPC has launched an enquiry into whether Google Ireland Limited complied with regulations ahead of Cross-Border processing personal data of EU or EEA data subjects when developing its foundational AI model, Pathways Language Model 2 (PaLM 2). Before individual data is leveraged, organisations must complete a Data Protection Impact Assessment (DPIA) to ensure that […]
Mastercard says the acquisition will boost its fraud prevention, real-time decisioning and cybersecurity services in the payments ecosystem and beyond. Boston-based Recorded Future claims to be the world’s largest threat intelligence company, with more than 1900 clients across 75 countries, including the governments of 45 countries and over 50% of the Fortune 100. The firm […]
