The Eurosystem Center is expected to open in the coming months, with locations in Frankfurt and Paris and working together with all 19 euro area central banks and the European Central Bank. The Innovation Hub will also expand its portfolio in the areas of green finance and supervisory and regulatory technology (regtech and suptech). The … Read more
By Dan Molinski Commercial U.S. crude-oil inventories unexpectedly increased last week amid more outsized sales of crude-oil to the commercial market from the U.S. government’s Strategic Petroleum Reserve, according to data released Wednesday by the Energy Information Administration. Benchmark U.S. oil prices that were slightly lower before the mixed report was released held those declines … Read more
In a matter of months, it’s becoming more expensive to carry a credit card balance, a car loan or a mortgage as the Federal Reserve’s interest rate hikes have seenped into borrowing costs. It’s tough medicine that central bankers hope will break the fever of hot inflation – and no one expects the doses to … Read more
Visa today announced the 5 finalists who will be pitching at the Central Europe, Middle East, and Africa (CEMEA) Visa Everywhere Initiative, a global innovation program and competition for start-ups and fintech companies. More than 1,300 applicants entered the competition from across the region, each with solutions aimed at delivering innovative payment and commerce solutions … Read more
Apple Inc. AAPL -3.86% tiptoed into finance with Apple Pay and the credit card it launched three years ago with Goldman Sachs Group Inc. Now it is going all in. The tech giant is launching a buy now, pay later offering in the US later this year that will allow consumers to shop with Apple … Read more
American Express Global Business Travel offers corporate clients an integrated travel-management platform. It is paid by clients for arranging travel services, and gets payments from travel providers. Stephanie Keith / Bloomberg Text size American Express Global Business Travel offers investors an attractive play on the continued revival in business travel. No. 1 in a fragmented … Read more
If you are not working in the payments industry, it remains a mystery why payments are such a complex domain. In its essence, it is just a debit from one account and a credit on another account, which in a digital world should be super easy to accomplish. The reality is however a whole different … Read more
A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double its head count this year as it predicts growing demand for cryptocurrency amid market volatility. Fidelity Digital Asset Services LLC plans to hire 110 tech workers, including engineers and developers with blockchain expertise, to build … Read more
A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double its head count this year as it predicts growing demand for cryptocurrency amid market volatility. Fidelity Digital Asset Services LLC plans to hire 110 tech workers, including engineers and developers with blockchain expertise, to build … Read more
A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double its head count this year as it predicts growing demand for cryptocurrency amid market volatility. Fidelity Digital Asset Services LLC plans to hire 110 tech workers, including engineers and developers with blockchain expertise, to build … Read more