Goldman Sachs cut its forecast for 2023 U.S. Gross Domestic Product as it projects a more aggressive Federal Reserve tightening policy through the rest of this year, and sees that pushing the jobless rate higher than it previously projected. Goldman Sachs had earlier posted a forecast of 1.5% growth in GDP of the United States.
The European Central Bank (ECB) has selected CaixaBank and four other organizations to collaborate in the development of a prototype of a digital euro. The institution launched a call with the aim of selecting entities to develop technology projects associated with the creation of the European digital currency. CaixaBank, is the only European bank selected
Tikehau Capital, the global alternative asset manager, and iCapital, a global FinTech platform driving access and efficiency in alternative investing for the asset and wealth management industries, announced a partnership to increase wealth managers’ access to Tikehau Capital’s private market investing opportunities. In order to provide wealth managers and their high-net-worth clients in the EMEA region with
Codat, the universal API for small business data, announced a partnership with nCino, the worldwide leader in cloud banking, to automate and accelerate banks’ ability to underwrite small business loans around the world. “Our platform makes it easier for credit analysts to gain a clear picture of credit risk,” “Financial institutions have the opportunity to deliver a
Flutterwave, Africa’s leading payments technology company, announced that merchants can now accept eNaira payments from their customers on their platform. This is an addition to other payment methods on Flutterwave, including cards, bank transfer, Barter by Flutterwave etc. “With our new adoption of eNaira as a payment method on Flutterwave, we’re enabling various payment methods to
Zip, which includes Zip Pay and Zip Money, becomes the first Australian BNPL method to be added to PPRO’s digital payments infrastructure and sits alongside other Australian local payment methods. PPRO merchants will soon have the ability to integrate buy now, pay later services from Australian provider Zip at the point of checkout. With the new
AIG Inc’s life insurance and retirement division Corebridge Financial Inc (CRBG.N) raised $1.68 billion on Wednesday in the biggest initial public offering (IPO) so far this year, braving market volatility and ending a seven-month lull in major listings. AIG said it sold 80 million Corebridge shares at $21 per share, which was at the lower end of
Different technologies have been applied to meet the needs of the sector as FinTech becomes more widely adopted globally. Consumer expectations, governmental approvals, security upgrades, and rivalry are a few of them. The sophisticated technologies powering the ecosystem have improved in intelligence and adaptability. The categories of artificial intelligence (AI), cloud computing, blockchain, the internet
Payhawk, the spend management solution with a presence across the UK and Europe, has officially launched in the US. The unicorn has opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and the US. The US launch is a key part of Payhawk’s
Commonwealth Bank (CBA) has become the first major Australian bank to enable PayTo payments for CBA customers – a new digital way to authorize payments from a CBA bank account, and the latest initiative from New Payments Platform Australia (NPPA). Eligible CBA clients will be able to manage one-time or recurring new PayTo payment agreements
Adyen, the global financial technology platform of choice for leading companies, announced the expansion of the Real Time Visa Account Updater (VAU) to Europe. Adyen will assist its clients in increasing the revenue and approval rates of card-on-file payments by automatically updating Visa accounts in real time as the first platform to provide real-time VAU coverage in
14 October 2022 | Vienna, Austria.
14 October 2022 | Vienna, Austria. This symposium, co-hosted by the OECD and the Central Bank of Austria (OeNB), will provide a forum to discuss the financial resilience of citizens in challenging times, focusing on: Building a strong financial literacy stakeholder community Navigating the sustainable finance landscape Strengthening digital financial competencies for personal protection Enhancing financial
