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VirtusaPolaris to launch OpenBank API Accelerator to further fintech innovations

Nov 16, 2016 09:27 am UTC| Fintech

VirtusaPolaris, the provider of information technology (IT) consulting and outsourcing services, announced the launch of its OpenBank API Accelerator in a move to advance fintech innovations. The announcement was made...

Genpact leverages platform to streamline online business lending for fintech firms and banks

Nov 16, 2016 07:34 am UTC| Fintech

Genpact, a leader in digitally-powered business process management and services, announced an innovative platform that drives rapid, broad-scale transformation, and changes the business model for online commercial lending,...

Monetary Authority of Singapore publishes ‘regulatory sandbox’ guidelines for fintech

Nov 16, 2016 04:55 am UTC| Fintech

The Monetary Authority of Singapore (MAS) has issued its regulatory sandbox guidelines for fintech, in order to encourage and allow experimentation of solutions that utilize technology innovatively to deliver financial...

Dexibit wins Fintech Innovation Challenge award

Nov 15, 2016 09:59 am UTC| Fintech

The Fintech Innovation Challenge that was held at The Point 2016, hosted by Payments NZ, announced Dexibit that provides analytics for museums, as the award winner. The challenge saw five finalists, each having six...

Bank Indonesia launches fintech office in Jakarta

Nov 15, 2016 07:46 am UTC| Fintech

Bank Indonesia (BI) announced the inauguration of its fintech office in Jakarta in a need to support the healthy development of technology-based financial transactions. In order to achieve this, the fintech office...

ANZ and DBS Bank open fintech innovation labs in Singapore

Nov 15, 2016 07:20 am UTC| Fintech

Just before the start of the week-long Singapore FinTech Festival, ANZ and DBS Bank have each announced the opening of innovation labs in Singapore. DBS officially announced on Monday the opening of the new innovation...

Two banks apply to Hong Kong fintech sandbox to test biometric technologies

Nov 11, 2016 07:38 am UTC| Fintech

Hong Kong Monetary Authority (HKMA) Chief Executive Norman Chan announced that the countrys banking regulator received applications from two banks in order to test emerging technologies in biometric, under a new regulatory...

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Economy

Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions

Russia is intensifying efforts to bypass Western energy sanctions after a liquefied natural gas (LNG) tanker operating under a newly adopted Russian flag was spotted loading fuel linked to the sanctioned Arctic LNG 2...

S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence

The SP 500 and Nasdaq closed at fresh record highs on Friday as investors poured into AI-related stocks and welcomed stronger-than-expected U.S. jobs data, reinforcing confidence in the resilience of the American economy....

Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations

The U.S. dollar weakened on Friday after stronger-than-expected April jobs data reduced speculation about potential Federal Reserve interest rate cuts. Investor sentiment also improved after President Donald Trump stated...

European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears

European stock markets closed lower on Friday as renewed military tensions between the United States and Iran rattled investor confidence and intensified concerns about global energy supplies. The escalating conflict...

Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand

Gold prices climbed on Friday and were set for a strong weekly gain as the U.S. dollar weakened following the latest U.S. jobs report. Investors also turned to safe-haven assets amid ongoing tensions in the Middle East and...

Politics

Russia Accuses Ukraine of Ceasefire Violations Amid Drone and Artillery Attacks

Russias Defence Ministry claimed on Sunday that Ukraine breached a temporary ceasefire by carrying out drone and artillery attacks against Russian forces, according to reports from Interfax news agency. Moscow stated that...

Israeli Strikes in Gaza Kill Three as Ceasefire Tensions Continue

Israeli airstrikes in Gaza killed at least three Palestinians on Sunday, including two members of the Hamas-run police force, according to local health officials. The latest violence has raised fresh concerns about the...

Israel’s Secret Iraq Base Allegedly Supported Iran Air Campaign, WSJ Reports

Israel reportedly established a covert military outpost deep in the Iraqi desert to support its recent air campaign against Iran, according to a Wall Street Journal report citing sources familiar with the operation,...

Senate Stablecoin Bill Sparks Clash Between Banks and Crypto Industry

A major fight over U.S. crypto regulation is heating up as lawmakers prepare to advance the CLARITY Act, a proposed bill designed to create a clear regulatory framework for digital assets and stablecoins. The legislation...

Trump-Xi Beijing Summit to Focus on Trade, Taiwan, and Boeing Deal

U.S. President Donald Trump is set to meet Chinese President Xi Jinping in Beijing from May 14 to May 15, marking the first visit by an American president to the Chinese capital in nearly ten years. According to Reuters,...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says

Artificial intelligence is starting to increase U.S. consumer prices through rising costs in electronics, software, and electricity, according to a new Goldman Sachs report. The investment bank said AI-related inflation...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...

Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally

Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to go out and buy...

TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit

TikTok and the Trump administration are reportedly close to reaching a $400 million settlement tied to allegations that the popular video-sharing platform violated U.S. child privacy laws. According to ABC News, the...