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
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.
Will Harvey, University of Bristol
A reputation can be damaged by a single mistake, or after months or even years of bad behaviour. Organisations may turn a blind eye to such behaviour by employees or business leaders, and sometimes it is tacitly enabled by a toxic culture that prioritises an end game – profits or “winning” – over people or planet.
In either case, research can tell us about the drivers of reputational loss, as well as how to rebuild a reputation, and ways to avoid damaging it in the first place. But while reputations can be protected, my research shows this shouldn’t happen at all costs – there is a dark side to reputation management that can, and should, be avoided.
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
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
April 21, 2023 /Economy/ –The Energy Regulation Board (ERB) in Zambia has approved lower electricity tariffs for low-income households that consume 100 Units or less per month. The new tariffs will take effect on May 1, 2023.
The ERB said the decision to lower tariffs was made in order to cushion low-income households from the rising cost of living. The new tariffs will see a reduction of 25% in the cost of electricity for low-income households.
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April 21, 2023 /Media/ –There are a number of ways that newsrooms are introducing AI into their workflows. Some newsrooms are using AI to automate tasks, such as fact-checking and data analysis. Others are using AI to generate content, such as headlines and summaries. Still others are using AI to personalize content for readers. Some of the most common uses include: Continue reading
Kamono Farm Initiatives Limited (KFI) is a Zambian company that was founded in 2012 with the vision of changing the agribusiness landscape by offering farmers a superior service. KFI’s business model is based on contract farming, which allows the company to provide farmers with access to inputs, markets, and technical expertise. This has allowed KFI to help farmers increase their yields and incomes, and to improve the sustainability of their farming practices.
However, in recent years, KFI has been facing allegations of fraud and money laundering. These allegations stem from a number of factors, including:
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April 20, 2023 /Legal/ — If you were a Facebook user in the United States between May 2007 and December 2022, you may be eligible to receive a share of a $725 million settlement between Facebook and the Federal Trade Commission (FTC). The settlement resolves allegations that Facebook violated the FTC’s privacy law by failing to adequately protect the privacy of its users.
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April 19, 2023 /Legal/ –The issue of Apple and Goldman Sachs discriminating against married women who apply for Apple Card escalated after a number of women came forward with their stories. These women said that they were offered lower credit limits than their husbands, even though they had similar credit scores and income. Some of the women said that they were even denied credit altogether.
The women who came forward with their stories said that they were frustrated and angry. They felt like they were being discriminated against because of their gender. They also felt like Apple and Goldman Sachs were not taking their concerns seriously. Continue reading