Category Archives: Finance

03Oct/24

India to grow consumer spending three times more than the U.S. over the next decade, EBANX shows

October 3, 2024FinanceChina, Consumer spending, Economic history, India, National debt of the United States, United Statesadmin

India is set to surpass the impressive mark of US$ 5.4 trillion in consumer spending by 2034, up from the current US$ 1.8 trillion, according to data from the World Data Lab analyzed by EBANX, a global technology company specializing in payment services for emerging markets. It represents a growth of 12% per year, three times higher than the projection for the United States, at 4%, and more than two times higher than the global average of 5%. This boost will place India as the third-largest market in the world in consumer spending, behind only the United States and China. Continue reading

26Sep/24

New Report by WeBank and Oliver Wyman Reveals Development and Innovation Trends of Global Digital Banks

September 26, 2024FinanceBanca Popolare di Milano, Bank, China, Innovation, Oliver Wyman, WeBankadmin

China’s first digital-native bank, WeBank, and global management consulting firm Oliver Wyman have jointly launched a new report titled “Global Digital Banking: Development and Innovation Trends”. The report offers an in-depth analysis of the development of global digital banks and insights into the future trajectory and competitive landscape of the industry. Continue reading

26Sep/24

Global IPOs remain resilient amid elevated uncertainty and market volatility

September 26, 2024FinanceBusiness cycle, Initial public offering, Recession, Unemploymentadmin

Amid a global economic slowdown, market volatility, geopolitical shifts and monetary easing, the global IPO market in Q3 2024 has shown signs of cautious optimism. Despite a dip in year-over-year (YOY) volumes by 14% to 310 IPOs and proceeds by 35% to US$24.9b, Q3 did modestly outpace the first two quarters of 2024 in IPO launches. Continue reading

25Sep/24

1.2 Million More Homes in England Will Be at Risk of Subsidence by 2050

September 25, 2024FinanceAnalytics, Legal research, LexisNexis, LexisNexis Risk Solutions, Open-source intelligence, RELX, Subsidence, United Kingdomadmin

Analysis of British Geological Survey data from LexisNexis® Risk Solutions, the data, advanced analytics and technology provider to the insurance market, reveals that with the current climate trajectory, approximately 1.2 million more homes in England are at risk of subsidence issues by 2050ii. This is a 27% increase to the estimated 4.5 million households already at subsidence risk today. Continue reading

25Sep/24

S&P Global Commodity Insights Launches World’s First Daily Carbon-Accounted Iron Ore Price Assessments

September 25, 2024FinanceCarbon, Iron ore, S&P Global, S&P Global Commodity Insightsadmin

Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the metals, commodities, energy and energy transition markets, today announces the upcoming launch of the world’s first daily carbon-accounted iron ore price assessments and related carbon intensity estimates to bring greater transparency to the industry’s decarbonization efforts. Continue reading

22Sep/24

Blockchain Market to Reach $403.36 Billion by 2030, Driven by Rising Demand for Secure and Transparent Transactions in the BFSI Sector and Growing Popularity of Cryptocurrency – Exclusive Report by Meticulous Research®

September 22, 2024FinanceBFSI, Blockchains, Cross-platform software, Cryptocurrencies, Ethereum, Hyperledger, Polygon, Solanaadmin

According to a new market research report titled, ‘Blockchain Market by Type (Public, Private, Hybrid, Consortium), Platform (Ethereum, Hyperledger, Polygon, Solana), Organization Size, Sector (BFSI, Government, Healthcare, Professional Services, Manufacturing), and Geography—Global Forecast to 2030. Continue reading

10Sep/24

Barclays Joins Versana, Accelerating the Digital Transformation of the Global Corporate Loan Market

September 10, 2024FinanceBank of America, Barclays, Citi, Citigroup, Deutsche Bank, Investors Bank, Morgan Stanley, Primary dealers, Wells Fargoadmin

Versana today announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also participated in this round. In addition, Barclays joins as a subscriber and provider of its agented corporate loan data, becoming the tenth bank to commit to Versana’s next-generation platform. Continue reading

28Aug/24

What’s Next for AI in Banking: Better Chatbots or Something Else?

August 28, 2024FinanceArtificial intelligence, Chatbots, ChatGPT, Computational neuroscience, Credit card, Generative pre-trained transformer, Large language models, OpenAIadmin

AI chatbots and Large Language Models (LLMs) such as ChatGPT have become commonplace in recent years to answer queries, whether that’s how to write a persuasive email or to request a replacement for a stolen card. According to Auriemma Group’s latest UK Cardbeat study, credit cardholders tend to be comfortable using AI chatbots to carry out basic tasks with their card issuer, but express skepticism when faced with more complex servicing needs. Continue reading

25Jul/24

Equifax Introduces New Mortgage Verification Solution

July 25, 2024FinanceCorruption in the United States, Credit scoring, Data brokers, EFX, Equifax, Intercontinental Exchange, New York Stock Exchange, Verification of employmentadmin

Equifax® (NYSE: EFX) has launched a new solution, All Employers Within 90 DaysTM, in support of its commitment to providing an extensive set of verification solutions for the mortgage industry. Read more

16Jul/24

Wirex and Visa Expand Partnership to Drive Web3 Payment Adoption

July 16, 2024FinanceCredit cards, Currency, European Economic Area, european economic area (eea), Financial District, Financial District, San Francisco, San Francisco, Travel visa, United Kingdom, Visa Inc., Web3admin

Wirex, the leading Web3 money app, and Visa, a world leader in digital payments, are thrilled to announce a partnership to further the use of digital currencies in the UK and the European Economic Area (EEA). Read more

Category: Finance