Category: News
Estimated reading time: 2 minutes Trade Ledger, in collaboration with Microsoft, announced the launch of Aida—a working capital analysis, product matching, and product application tool. Utilising generative artificial intelligence, Aida aims to change how small and medium-sized businesses manage cash flow. The product is set for release on Microsoft’s Commercial Marketplace in Q2 of January […]
Estimated reading time: 3 minutes London – 20th September 2023 – CBI is an Italian company that develops digital services – including open banking and open finance services – for the financial industry and the Public Administration. CBI is expanding its Confirmation of Payee services to the European level and beyond through the use of […]
Estimated reading time: 2 minutes The United States Federal Open Market Committee unanimously agreed to maintain the current interest rates, concluding their latest monetary policy meeting today. This decision was fully in line with market forecasts, leaving interest rates at a 22-year peak, specifically 5.5% at the upper bound. However, the Fed also signalled support […]
Estimated reading time: 2 minutes The European Central Bank (ECB) is set to maintain interest rates, breaking a 15-month sequence of increases. The focus may now shift to a more rapid downsizing of its extensive government debt holdings, as it continues to grapple with persistent inflation. In its last 10 meetings, the ECB has consistently […]
Estimated reading time: 2 minutes The European Council has adopted a new regulation to establish a European green bond standard. This regulation sets standardised criteria for bond issuers who want to label their bonds as ‘European green bond’ or ‘EuGB’ for their eco-friendly bonds. Eco-friendly bonds serve as a key financial tool for backing investments […]
In the current financial and technological sectors, businesses confront a range of challenges, as highlighted in the UNCTAD’s Trade and Development Report 2023. These include economic instability, budget constraints, and supply chain issues. Despite these hurdles, firms must adapt, digitise, and efficiently deliver products and services, while complying with numerous legal and regulatory requirements. The […]
Estimated reading time: 3 minutes The Biden administration has temporarily paused discussions on crucial aspects of the digital trade segment within its Indo-Pacific Economic Framework (IPEF) initiative, as stated by Democratic legislators on Tuesday. This pause occurs amidst expedited efforts by negotiators from 14 countries to conclude some pacts before a significant Pacific Rim summit […]
Estimated reading time: 2 minutes The UK government today unveiled a £1 billion investment dedicated to 55 innovative projects, marking a step in revitalising communities across the nation. This funding, a core component of the levelling up agenda, is set to enhance high streets and evolve transport links. This includes improvements for the fishing industry […]
On Monday, Remitly announced a five-year extended partnership with Visa, focusing on enhancing the cross-border transfer of funds for Remitly’s customers. This development builds upon Remitly’s initial use of Visa Direct. The extended partnership will enable Remitly users in over 15 countries, including the US, Canada, the UK, and Australia, to quickly transfer money to […]
Estimated reading time: 3 minutes ECB board member Isabel Schnabel suggested that further interest rate increases might no longer be necessary due to a significant decrease in inflation, in an interview with Reuters. Schnabel’s perspective represents a change in her previously hawkish stance, notably impacting investors’ expectations regarding future rate cuts. Last month, eurozone inflation […]
