In an era marked by volatility and unrest, financial leader Jamie Dimon has sounded the alarm over escalating global risks. The ongoing conflicts in the Middle East, particularly the perilous Israel-Hamas situation, coupled with the protracted war in Ukraine instigated by Russia, have raised serious concerns not only regarding humanitarian crises but also their far-reaching
Finance
In a landmark move that reflects its ambition to diversify beyond its traditional financial services, the San Francisco-based blockchain startup Ripple has unveiled a new suite of custody services aimed at banks and fintech firms. This initiative, launched on Thursday, marks the establishment of Ripple Custody, a division dedicated to the secure storage and management
In the sphere of monetary policy, few moves are as scrutinized as the Federal Reserve’s decisions regarding interest rates. In September, the Federal Open Market Committee (FOMC) made the consequential choice to cut rates by half a percentage point. This bold move marked a departure from years of steadiness and opened discussions about the delicate
China has emerged from a heavily impacted period due to Covid-19, heralding a time when its economic strategies are under close scrutiny. As the government grapples with long-term downturns, the recent statements by Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), shed light on the nation’s intricate balancing act between revitalizing the
As the digital age continues to transform financial transactions, the U.K. is grappling with a rising tide of authorized push payment (APP) fraud. This type of fraud, where scammers trick individuals into voluntarily transferring funds, prompts an urgent discussion about accountability. In particular, a recent mandate requires banks to compensate victims up to £85,000 if
In September 2024, Hurricane Helene wreaked havoc across multiple states in the Southeast United States, leaving communities in distress and air travelers grappling with the fallout. As the intense Category 4 storm carved through Florida, Georgia, and beyond, it not only claimed lives and damaged property but also disrupted air travel on an unprecedented scale.
In a significant move within the fintech landscape, Mastercard has announced its intention to acquire Minna Technologies, a software firm that specializes in subscription management. This acquisition represents a strategic expansion for Mastercard, as the company aims to diversify its offerings beyond traditional payment processing into more technologically-driven services. By enhancing its capabilities in subscription
As Klarna, the Swedish fintech giant, approaches its much-anticipated initial public offering (IPO), the words of CEO Sebastian Siemiatkowski ring clearly: a brain drain of technology talent from Europe poses a significant threat. The challenges surrounding this phenomenon are symptomatic of broader issues within the European tech landscape, particularly concerning employee compensation structures. In a
In a bold statement, British financial technology firm Revolut has taken aim at Facebook’s parent company, Meta, expressing discontent with its measures to combat fraud on its platforms. This critique emerged just after Meta announced a strategic partnership with British banks NatWest and Metro Bank aimed at sharing data to protect consumers from falling victim
In an increasingly digital world, safeguarding consumers from fraud has become a pressing issue, prompting Meta, the parent company of Facebook, to announce a partnership with two prominent banks in the United Kingdom. This collaboration is centered around an initiative called the Fraud Intelligence Reciprocal Exchange (FIPE), which is designed to enhance the flow of