Tax compliance solutions provider Vertex announced it is partnering with e-commerce software company Mirakl, hailing the certified integration of Vertex® O Series® and the Mirakl Marketplace Platform. The partnership means those using Mirakl’s platform will be able to automate the update of tax rates and rules, as well as determine and calculate of sales, seller … Read more
Portugal’s Socialist Party (PS) chose Pedro Nuno Santos to lead the party in the next parliamentary elections following the resignation of Antonio Costa. The former infrastructure minister — backed mainly by the left wing of the progressive party — won the PS election on Saturday against Interior Minister Jose Luis Carneiro with 62 percent of … Read more
Uma Wilson, chief information and product officer at UMB Bank. Adam Vogler I KCBJ There is a lot of public confusion over a possible U.S. central bank digital currency and the FedNow real-time payments network, some of it a result of disinformation. This confusion about the two distinct initiatives creates a burden on the … Read more
The Eastern Caribbean Central Bank is celebrating 40 years since its founding. What do you view as the main benefits of the Eastern Caribbean Currency Union? The main benefit, without a doubt, is relatively low inflation over an extended period. Since 1976, we have pegged US$1 to EC$2.7. Our inflation is largely imported and typically … Read more
NatWest is updating its chatbot, Cora, embedding generative AI into the program to make engagement more conversational. The bank has partnered with IBM, using AI and watsonX, IBM’s data platform. Called Cora+, the bot will access data from more sources to answer questions about bank services, information about the bank and job postings. “Building on … Read more
Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! (Kitco News) – The Swiss National Bank (SNB) has announced a new partnership with six commercial banks and the SIX Digital Exchange (SDX) … Read more
The fintech sector in 2023 has experienced unparalleled expansion, marking its prominent role in the worldwide financial landscape. As per EMR’s data, the global fintech market reached a significant valuation and is projected to expand at a CAGR of 16.8% during 2023-2028, targeting a market size of USD 492.81 billion by 2028. Source: Expert … Read more
“Modern money is backed by a series of institutions, mostly housed in central banks. Its value rests on confidence. The value of money requires not just the belief of the public at a point in time but, critically, the consent of the public at all times … When it comes to money, the consent and … Read more
U.K. cracks down on crypto marketing, Canada fintechs push for … American Banker Source link
In my first article of a new series on the FinTech industry, I explore how, in 2023, the FinTech investment market has become more selective, with venture capitalists investing in FinTechs that adhere to strict financial and performance standards in response to the recent economic developments. This is an indication of sharpened focus rather than … Read more