Category Archives: Finance

09May/23

How high is the pyramid

May 9, 2023FinanceBusiness models, Direct marketing, Direct selling, Distribution marketing), Egypt, Egyptian pyramids, Fraud, Giza Plateau, Giza pyramid complex, Great Pyramid of Giza, Khufu, Marketing, Pyramid, Pyramid scheme, United Statesadmin

The pyramid you are referring to is the Great Pyramid of Giza, which is the largest of the three pyramids in the Giza Necropolis in Egypt. It is also the oldest of the Seven Wonders of the Ancient World. The Great Pyramid was built for the Fourth Dynasty pharaoh Khufu over a period of 20 years, and it originally stood at 146.5 meters (481 feet) tall. However, over the centuries, the pyramid has lost some of its height due to erosion and the removal of its outer casing stones. Today, the Great Pyramid stands at 137 meters (449.5 feet) tall. Continue reading →

02May/23

Does XRP really have a future? Advise to XRP hodlers

May 2, 2023FinanceAsset classes, Binance, Blockchain, Cryptocurrencies, Economy, Ethereum, Finance, London, Money, Ripple, Ripple Labs, Solana, Stablecoin, Tetheradmin

LONDON, May 2, 2023 /Finance/ — Whether or not you should hold on to XRP is a decision that only you can make. You should consider your own financial situation, risk tolerance, and investment goals before making a decision. Continue reading →

01May/23

Why is J.P. Morgan helping First Republic Bank?

May 1, 2023FinanceBank, Bank regulation in the United States, Banking, Chase Bank, China, Deposit insurance, Federal Deposit Insurance Corporation, Finance, Financial services, First Republic Bank, Goldman Sachs, Government intervention during the subprime mortgage crisis, House of Morgan, J.P. Morgan & Co., JPMorgan Chase, Morgan Stanley, New York, Silicon Valley Bank, Ukraine, United Statesadmin

New York, May 1, 2023 – The U.S. banking crisis that began in March 2023 was the result of a number of factors, including:

The collapse of Silicon Valley Bank: Silicon Valley Bank was a large regional bank that specialized in lending to technology companies. The bank’s collapse in March 2023 was a major blow to the banking industry and shook confidence in the financial system.

Continue reading →

27Apr/23

Fluency’s Ground-Breaking CBDC Bridge Paves the Way for Central Banks to Solve Account or Token-based Debate

April 27, 2023FinanceBank, Banking, CBDC, Central bank, Economic history of Italy, Economyadmin

Central banks are faced with the ongoing debates – Should retail and wholesale clearing and settlement of CBDC payments be separated? The differentiation doesn’t matter to the average citizen user. Their primary concern is to have a straightforward, secure, and all-encompassing solution that enables them to transfer value easily and affordably, regardless of their access to a bank or mobile/internet connectivity. Continue reading

25Apr/23

The current state of open banking regulation around the world.

April 25, 2023FinanceAustralia, Bank, Brazil, E-commerce, Economy, Finance, Financial markets, Financial technology, Mobile banking, Money, Open banking, Payment Services Directive, Payment systems, Personal financial management, Singapore, United Kingdom, United Statesadmin

April 25, 2023 /Finance/ — Open banking is a financial services term for the practice of allowing third-party financial service providers to access customer data held by other financial institutions, through the use of application programming interfaces (APIs). The goal of open banking is to promote innovation and competition in the financial services industry by giving consumers more choices and control over their financial data. Continue reading →

25Apr/23

ChatGPT: how to use AI as a virtual financial adviser

April 25, 2023FinanceAcademic disciplines, Applications of artificial intelligence, Articles, Artificial intelligence, Computational neuroscience, Creative Commons, Cybernetics, Eun Young, Finance, Financial risk, SHUTTERSTOCK, Stock market, Technologyadmin

Eun Young (EY) Oh, University of Portsmouth

From chatbots and virtual assistants to fraud detection and risk management, artificial intelligence (AI) is now being used in many areas of finance. But what could an AI system like ChatGPT do for your bank balance?

AI tools might seem overly complex or expensive to non-experts, but advances in natural language processing and machine learning could turn ChatGPT and similar products into virtual personal finance assistants. This would mean having an expert on hand to help you make sense of the latest financial news and data.

Continue reading →

24Apr/23

Viva Wallet and Elo partnership disrupts legacy checkout and embeds all payments into Elo mobile Android computers.

April 24, 2023FinanceBanking, Contactless, Contactless payment, Economy, EMV, Financial services, Mobile payments, Payment systems, Radio-frequency identification, United Statesadmin

The strategic partnership between Viva Wallet, a leading European cloud-based neobank, and Elo, a leading global supplier of interactive touch solutions, is pioneering a new retail payments experience. European businesses can now offer new payment experiences, accepting Chip & PIN and Tap-on-Phone contactless payments by combining Viva Wallet’s cutting-edge embedded payments platform for smart devices, with Elo M50 and M60 Pay mobile computers in an enterprise-grade mobile point of sale system. One piece of technology that integrates smart retail software and payment acceptance for each and every transaction into a powerful and robust handheld Android computer; anywhere, anytime, seamlessly, all from the palm of your hand. Viva Wallet and Elo’s strategic alliance, featuring additional omnichannel solutions, has gone live in Europe with plans to expand globally, including the US. Continue reading

24Apr/23

First ammonia future traded

April 24, 2023FinanceFutures contract, Futures marketsadmin

Global energy and commodity price reporting agency Argus announced that the first-ever futures ICE Ammonia Outright – Argus Ammonia NWE CFR Future contract has traded between counterparties in a deal brokered by Freight Investor Services (FIS). The 5,000-tonne futures contract was traded at $385/t for May delivery and cleared through ICE. Continue reading

18Apr/23

The National Pension Scheme Authority (NAPSA) of Zambia allows partial pension withdrawals

April 18, 2023FinanceEconomy, Finance, Money, Napsa, National Pension System, Pensions, Personal finance, Social law, Zambiaadmin

April 18, 2023 /Finance/ — The law allows NAPSA beneficiaries to withdraw a portion of their pension savings before they reach retirement age. The amount that can be withdrawn is limited to 50% of the accumulated savings, and the withdrawal can be made in installments over a period of up to 10 years.

To qualify for partial pension withdrawal, beneficiaries must meet the following criteria: Continue reading →

16Apr/23

Zambia’s digital asset regulation tests framework

April 16, 2023FinanceCryptocurrency, Decentralization, Financial technology, Regulator, Uberisation, Zambiaadmin

April 16, 2023 /Finance Technology/ — Zambia is currently testing a technology that would form the foundation of digital asset regulation. The tests are being conducted by the Bank of Zambia (BoZ) and the country’s securities regulator, the Securities and Exchange Commission (SEC).

The tests are designed to assess the feasibility of regulating digital assets in Zambia. They are also designed to identify any potential risks associated with digital assets and to develop mitigation strategies. Continue reading →

Category: Finance