Flutterwave, Africa’s leading payments technology company, has collaborated with Token.io, Europe’s leading account-to-account (A2A) payment infrastructure provider, to power Pay By Bank transfer capabilities for Flutterwave’s platform. The announcement was made today at the Money20/20 Europe fintech conference in Amsterdam. Continue reading
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
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.
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.
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
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
Philippe Burger, University of the Free State
Public debt repayments in some African countries are at their highest levels since 1998. The Conversation Africa’s founding editor Caroline Southey talks to dean and economics professor Philippe Burger about the danger of debt problems some African countries face.
April 16, 2023 /Finance/ — If Zambia’s debt restructuring proposal is successful, it will help to improve the country’s economic outlook and create a more stable environment for businesses and investors. This will ultimately benefit the Zambian people by creating jobs, improving infrastructure, and providing access to basic services.
It is important to note that there are a number of risks associated with Zambia’s debt restructuring proposal. If the proposal is not successful, it could lead to a further deterioration in Zambia’s economy and could potentially lead to a default on Zambia’s debt.
Zambia sent a debt restructuring proposal to bondholders on April 14, 2023. The proposal includes the following key points: Continue reading
Equifax® (NYSE: EFX) continues to support financially inclusive lending with the launch of OneScore, a new consumer credit scoring model that combines the company’s leadership in alternative data insights with the power of the Equifax Cloud™ to provide U.S. lenders and service providers with a more comprehensive financial picture of credit seeking consumers. OneScore is unique to the industry because it is the first single score to combine traditional credit history with telecommunications, pay TV and utility payment data on over 191 million consumers, as well as Equifax DataX and Teletrack specialty finance data on 80 million consumers – including payment history from non-traditional banks and lenders – potentially increasing credit scores by up to 25 points and the scorable population by more than 20 percent.