July 8, 2024

Gold prices are under slight pressure as China’s central bank – the People’s Bank of China (PBoC) – holds off on purchases for the second straight month. This absence of a significant buyer – the PBoC have been a constant […]

July 5, 2024

Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the devastation the country suffered from an El Niño-induced drought. Finance Minister Mthuli Ncube told reporters on Thursday in […]

July 3, 2024

Snappi is a joint venture between Athens-based Piraeus Bank and core banking software vendor Natech. First announced back in 2022, Thanasis Navrozoglou, president and CEO of Natech, said at the time that Snappi would seek to “address both consumers and financial […]

July 2, 2024

While generative AI has made headlines in recent years for its conversational and writing skills, payments companies will largely use the technology to do what they already do, but better, the Jefferies report released on June 27 said. For example, […]

July 2, 2024

Recent retail trading data indicates that 57.14% of traders have taken long positions on EUR/USD, with a ratio of 1.33 long traders for every short trader. The number of long positions has increased by 26.08% since yesterday and 6.42% since last […]

July 1, 2024

While these tectonic shifts have immensely benefited consumers in terms of convenience and speed, they have also inevitably created opportunities for criminals to commit financial fraud and launder money quicker, with much less friction. As consumers around the world are […]

June 28, 2024

Seven months later, and Piero Cipollone, ECB executive board member and chair of the High-Level Task Force for the digital euro, says preparations are “progressing well”. Set to last for two years, the ECB is currently using the project’s preparation […]

June 27, 2024

Bank of America is doubling down on innovation to drive further adoption of its digital-banking mobile app for businesses, and turning to its clients for input on enhancing user experience and feature functionality. The Charlotte, North Carolina-based bank’s CashPro mobile […]

June 26, 2024

In the dynamic and fast-paced world of financial markets, algorithmic trading has emerged as a game-changer, revolutionizing how traders approach the market. By leveraging advanced technology, traders can execute trades with speed and precision that human capabilities alone cannot match. […]

June 25, 2024

Through the partnership, the two firms plan to supply the brands with new products and services with a specific focus on serving customers’ “financial and lifestyle needs” and “enabling even greater use of Visa’s fraud prevention capabilities”, according to a […]

June 25, 2024

PCF Insurance Services, a multi-state brokerage headquartered in Utah, announced it has acquired four new operations, two of them in the Southeast. The Brady Agency, offering commercial and personal lines coverage in North Carolina and Virginia with offices in the […]

June 24, 2024

Developed in collaboration with B2B credit card fintech Pliant and neosfer, the bank’s innovation unit and early-stage investor, the offering is expected to launch in Q3 2024. Commerzbank says the launch will enable its business customers to “manage their card portfolio themselves” and […]

June 21, 2024

The review was announced by Ellis Connolly, head of payments policy at RBA, during his speech at the Merchant Risk Council Conference in Melbourne this week. Connolly confirmed that the review would take place once the Australian government completes its […]

June 20, 2024

The SNB voted to lower interest rates by 25 basis points to set the policy rate at 1.25%. The rate cut was expected by the majority of the market but there was a notable outside chance that the Bank may […]

June 20, 2024

According to the latest IG retail trader data, 54.49% of traders hold a net-long position, with the ratio of long to short traders at 1.20 to 1. The number of net-long traders has decreased by 0.84% compared to the previous […]

June 19, 2024

The Frankfurt-headquartered commercial bank is leveraging the vendor’s RIVO solution for “real-time corporate communication, transaction status transparency and accelerated trade finance issuance”, according to a statement. Integrated with Surecomp’s DOKA-NG solution for back-office trade finance processing, the platform is expected […]

June 18, 2024

The Reserve Bank of Australia (RBA) left all monetary settings unchanged earlier today, but warned that ‘the economic outlook remains uncertain and recent data have demonstrated that the process of returning inflation to target is unlikely to be smooth.’ RBA governor Michele […]

June 17, 2024

Travelling with a credit card makes your trips more convenient and worry-free. It’s easy to carry, saves space, and offers enhanced security compared to cash. But there are moments when having cash on hand is essential, and using a foreign […]

June 17, 2024

Talk overnight by Japanese officials was unable to prop up the Japanese Yen with USD/JPY floating back to highs last seen in late April. Bank of Japan governor Kazuo Ueda stressed that he is looking at FX levels and their impact on […]

June 14, 2024

The move aims to streamline data management for the bank’s developers and foster the development of user-friendly banking services. In particular, the bank, which chose Google Cloud to host its digital banking system last year, aimed to implement a new microservices architecture […]