Banking
BIS’ Project Agorá to commence design phase with private sector participants confirmed
Project Overview: Project Agorá, led by the Bank for International Settlements (BIS), aims to explore how tokenisation can improve wholesale cross-border payments.
Private...
Banking
Crown Agents Bank partners Visa to power cross-border payments in emerging markets
Partnership Overview: Crown Agents Bank (CAB) has partnered with Visa to enhance cross-border payment services for clients in emerging markets, focusing on improving...
AI
Mastercard set to lay off around 3% of global workforce
Mastercard plans to cut around 3% of its global workforce, impacting approximately 1,000 employees.
The layoffs are a result of organizational changes announced...
Banking
Apple set to open up access to NFC tech to third-party app developers
Apple Opens NFC Technology: Apple announced that starting with iOS 18.1, third-party app developers in select countries will gain access to its NFC...
Banking
Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO
Key Points:New CEO Appointment:Stefan Bollinger appointed as CEO, starting "no later than 1 February 2025".
Bollinger is currently an executive at Goldman...
Banking
Revolut announces record $545m profit for 2023
Revolut Annual Financial Report 2023: Key PointsRecord Financial Performance:Revenue Growth: Revenue surged by 95%, from $1.1 billion in 2022 to $2.2 billion...
AI
PayPal hires Srini Venkatesan as new CTO
PayPal Appoints Srini Venkatesan as New CTO: Key PointsAppointment Announcement:Srini Venkatesan named as PayPal’s new Chief Technology Officer (CTO), effective 24 June....
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