10x Banking, the cloud-native core banking platform, is partnering with SunTec Business Solutions, a relationship-based pricing and billing provider, enabling banks to offer personalised and contextual products, services and offers to their customers, across corporate, SME and retail banking. Through the new partnership, 10x Banking and SunTec will look to deliver flexible, tailored banking capabilities to […]
Asia-Pacific markets plunged on Wednesday, led by Japan’s Nikkei 225 after U.S. tech stocks sold off and weak U.S. economic data sparked recession fears. Japan’s Nikkei 225 was down 4.15%, leading losses in Asia, while the broad based Topix was down 3.55%. Semiconductor related stocks such as Renesas Electronics plunged 9%, making it the largest loser on the index. Tokyo Electron […]
Nvidia plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market cap and pulling chip stocks down with it. Intel fell almost 8%, Marvell slid 8.2%, and Broadcom lost about 6%. AMD dropped 7.8%, and Qualcomm fell nearly 7%. The VanEck Semiconductor ETF (SMH), an index that tracks semiconductor stocks, was down 7.5%, its worst day since March 2020. Markets were sluggish Tuesday […]
Seamless Europe, the digital commerce event uniting the payments, fintech, retail, and e-commerce industries under one roof, is gearing up for a return this year in Munich, Germany at Messe München. Building on the success of last year’s launch, this year’s event hopes to explore the future of a range of industries, bringing together industry […]
After a whipsaw month of market action, the S&P 500 (^GSPC) logged its fourth-straight winning month to end August. For the month, the S&P 500 added nearly 2.3% while the Dow Jones Industrial Average (^DJI) added almost 1.8% and sits at all-time high. Meanwhile, the Nasdaq Composite (^IXIC) added more than 0.6%. US markets will […]
Online outage monitor Down Detector received over 600 reports from Lloyds Bank users from 8am this morning with many complaining that they could not see any transactions in the app. Lloyds acknowledged the issue in a post on Twitter. The problem follows a technical glitch with NatWest’s banking app on Friday that left some customers […]
Nearly 80% of people across Asia don’t want to travel with any cash to their destination, according to Prateek Sanghi, head of Visa Consulting and Analytics for Asia Pacific. Safety, security, and speed are driving this shift. “Digital payments offer convenience and specific rewards tailored for travelers,” according to Sanghi. Visa’s latest study highlights this […]
Asia-Pacific markets mostly climbed on Tuesday as investors assess South Korea’s August inflation numbers, which eased to its lowest level on a year-on-year basis since March 2021. The country’s consumer price index recorded a 2% rise year on year, coming down from July’s 2.6% and in line with expectations from a Reuters poll of economists. […]
Pine Labs, a merchant commerce omnichannel platform, is partnering with global payments giant Visa to scale digital payment acceptance and advance India’s digital economy ambitions unveiling a new soundbox-enabled device for QR, Near Field Communication (NFC) and card payments: ‘Pine Labs Mini’. Millions of merchants across India currently rely on printed QR codes or other […]
Marcin Glogowski, SVP, Managing Director for Europe and UK CEO at Marqeta, discusses transformation in the credit card space Today, the credit card industry is moving beyond its traditional role as a mere financial instrument to become a dynamic digital platform. This shift promises to revolutionise how consumers interact with their finances, blending social media […]
Federal Reserve Chair Jerome Powell just suggested interest rate cuts could be on the horizon. The “Magnificent Seven” is a moniker used to collectively describe the world’s largest technology businesses — Apple, Microsoft, Nvidia, Alphabet, Amazon (AMZN 3.71%), Meta, and Tesla. An interesting characteristic of the Magnificent Seven is that each business is so diverse […]
Disney on Sunday pulled its ABC stations, ESPN and other cable networks from DirecTV’s lineup as the two companies failed to reach a new distribution deal, leaving millions of sports fans in the dark as the college football and NFL seasons get underway. The expiration of an agreement between the two companies led to Disney-owned […]
