A naukri.com initiative
Financial News
The Fintech Times
6d
169
XTransfer Secures MAS Licence, to Meet Demand for Cross-Border Payment Solutions in Singapore
- China-based B2B cross-border trade payment platform, XTransfer, has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS).
- The licence allows XTransfer to offer services such as account issuance, domestic and cross-border money transfers, and e-money issuance in Singapore.
- XTransfer plans to launch payment solutions tailored for small and medium-sized enterprises (SMEs) involved in international trade in Singapore, including easy account setup, flexible top-up options, efficient currency exchange services, and simplified cross-border fund collection and payment solutions.
- XTransfer aims to enhance cross-border trade between SMEs by providing low-cost cross-border trade payment and fund collection solutions, facilitating trade exchanges between China and ASEAN.
Read Full Article
10 Likes
TechBullion
6d
292
Image Credit: TechBullion
XRP’s March to $15 & Cardano Whale Trends – BlockDAG Highlights 10% USDT Rewards
- XRP price trends indicate a potential rise to $15 by May 2025, driven by decreasing exchange reserves and positive Elliott Wave forecasts.
- Cardano whale activity escalates, with notable acquisitions of over 20 million ADA in two days, leading to discussions of a potential price surge beyond $1.
- BlockDAG's Refer & Earn USDT program attracts widespread participation, offering attractive rewards within the crypto community.
- BlockDAG's presale reaches $176.5 million, positioning it as a prominent cryptocurrency to watch in 2025 due to its cutting-edge DAG technology and appealing rewards.
Read Full Article
17 Likes
Pymnts
6d
45
Image Credit: Pymnts
Banning Medical Debt From Credit Reports May Have Unintended Consequences
- The finalized rule from the CFPB promises to eliminate medical debt from credit reports, resulting in higher credit scores for consumers.
- The removal of medical debt from credit reports may lead to unintended consequences in the healthcare ecosystem, potentially causing insurers and providers to raise fees to offset uncollectible debt.
- Fostering a collaborative approach between patients and providers, offering easy payment options and clear billing, can help solve the unpaid bills issue.
- Data shows that patients prefer knowing their bills and making payments upfront, and desire platforms that assist with arranging financing options for medical bills.
Read Full Article
2 Likes
Pymnts
6d
371
Image Credit: Pymnts
CBW Says FDIC’s $20 Million AML Fine ‘Unreasonable’
- CBW Bank files a lawsuit against the FDIC, claiming that the $20.4 million AML penalties imposed on the bank are 'unprecedented' and 'unreasonable.'
- CBW operated a multibillion dollar international monetary transfer business, relying on correspondent banking services. FDIC alleges that the bank failed to maintain an adequate AML/CFT program and failed to file suspicious activity reports.
- CBW argues that the penalties are unjustified for a bank of its size and history, and that the conduct in question occurred in business activities that have since been shut down.
- CBW claims that the FDIC's actions are unconstitutional and infringe on the bank's rights.
Read Full Article
22 Likes
Discover more
Fintechnews
6d
400
Image Credit: Fintechnews
QuickBooks’ Free Webinar Series Delves into The Future of Accounting & AI
- Intuit QuickBooks is hosting a free webinar series called 'The Future of Accounting & AI' to explore the transformative potential of AI in the accounting industry.
- The series aims to provide practical insights and strategies from global experts to help participants adopt cutting-edge technologies and enhance client value.
- Keynote speakers include an AI adoption expert, a head of product at Intuit QuickBooks, and a panel of accountants from Australia, Malaysia, and Singapore.
- The webinar series will take place online starting from 22 January 2025.
Read Full Article
24 Likes
Pymnts
6d
342
Image Credit: Pymnts
Google Facing Mobile Phone Privacy Class Action Lawsuit
- Google is facing a class action lawsuit in which it is accused of violating the privacy of both Android and non-Android mobile phone users.
- The lawsuit alleges that Google continued to collect location data from users even after they turned off the location tracking setting in their privacy settings.
- A federal judge in California denied Google's motion to dismiss the lawsuit, stating that the company didn't sufficiently disclose how its Web & App Activity settings worked.
- Google has stated that the allegations are a deliberate attempt to mischaracterize the way its products work and that it will continue to make its case in court.
Read Full Article
20 Likes
Pymnts
6d
334
Image Credit: Pymnts
CFPB Permits Financial Data Exchange to Set Open Banking Standards
- The Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body.
- Under the Personal Financial Data Rights rule, financial institutions must transfer an individual's personal financial data to another provider as requested.
- FDX is a standard-setting organization with over 200 member organizations, including depository and non-depository commercial entities.
- On the same day, CFPB sued Experian, alleging violations of the Fair Credit Reporting Act and the Consumer Financial Protection Act.
Read Full Article
20 Likes
Pymnts
6d
408
Image Credit: Pymnts
This Week in Web3: Blockchain for Business and Crypto Markets Regulation
- 2025 could be a watershed year for cryptocurrency industry due to regulatory clarity, institutional adoption, and rapid innovation in payment systems, digital assets are moving from speculative investments to mainstream financial tools.
- Stablecoins have immense potential to revolutionize payments and remittances, but their adoption depends on transparent rules that balance innovation with financial stability.
- Crypto markets are no longer solely defined by speculative trading but are evolving into sophisticated ecosystems that cater to institutional investors, retail participants, and decentralized finance (DeFi) pioneers.
- More than a dozen new cryptocurrency-focused exchange-traded funds (ETFs) reportedly could be launched in 2025, if they're approved by the Securities and Exchange Commission (SEC).
- E-Trade, the online stock trading arm of Morgan Stanley, is reportedly considering adding cryptocurrency trading in a move that would make E-Trade one of the largest mainstream financial firms to offer crypto trading.
- Trump's win in November sparked a crypto rally because he is seen as a more crypto-friendly candidate, standing in contrast to the Biden administration's efforts to crack down on the industry following some high-profile scandals.
- The stage is set for a potential future where blockchain and cryptocurrency transcend their speculative origins to become integral components of the global economy. But for that future to ultimately be realized, blockchain technologies must achieve greater enterprise usability.
- Ripple has begun leveraging the Chainlink standard, a move designed to provide 'high-quality pricing data' around its Ripple USD (RLUSD) stablecoin.
- Stablecoins are becoming a vital tool in the treasury toolbox. Yet to successfully navigate this shifting landscape, it's essential to master the specialized vocabulary that defines these payments innovations.
- To successfully navigate this shifting landscape, it's essential for finance professionals to master the specialized vocabulary that defines these payments innovations.
Read Full Article
24 Likes
Pymnts
6d
156
Image Credit: Pymnts
Chime to Offer Free In-App Tax Filing
- Digital banking platform Chime has announced that all new and existing members can file their federal and state taxes directly within the Chime app at no cost.
- The free in-app tax filing program was launched after a successful pilot program in 2023.
- Chime members can receive their federal tax refunds up to six days early with direct deposit into their Chime accounts.
- The company's chief product officer stated that the goal is to make tax season easier and more rewarding for Americans.
Read Full Article
9 Likes
Pymnts
6d
24
Image Credit: Pymnts
Digital Ecosystems and AI Take the Wheel at CES
- Automakers and tech companies such as Rivian, Qualcomm, and Google are partnering to create a more interconnected ecosystem that blends automotive hardware with state-of-the-art software. A session titled “The New Era of the Automotive Ecosystem” explored the digital transformation within the automotive sector at CES 2025 in Las Vegas. The focus is no longer on the mechanics of a car but on software and the experiences that these systems can create, allowing for a new automotive experience that promises to redefine consumer expectations and alter car ownership. AI will have a pivotal role in the future of automotive technology and will transform the customer experience through conversational, natural interactions that will revolutionize the driving experience.
- Software has become increasingly important in the automotive sector. It’s not about the specs of your engine but the types of experiences and features your car can offer. The introduction of new technologies has allowed for the seamless integration of new features, driving innovation within the industry. Qualcomm works with automakers to build platforms that support the digital evolution, stressing the importance of an open ecosystem in driving innovation.
- This digital transformation can only be achieved through collaboration across the industry, with each player bringing their specialized expertise to create seamless, connected car experiences. Google believes building common platforms are the most powerful and open platforms allow original equipment manufacturers to take charge of the experience and innovate.
- The beauty of connected architecture and connected cars is that the customer relationship can be redefined, offering features that continue to evolve even after you buy the vehicle, with companies such as Rivian creating a community with their customers who feel part of the product. They also take customer feedback very seriously.
- AI capabilities will be pivotal in framing the future of automotive technology, completely transforming the customer experience to be truly conversational and natural. As this ecosystem continues to evolve, the digital potential for cars is limitless.
Read Full Article
1 Like
The Robot Report
6d
119
Image Credit: The Robot Report
Intel spinning out RealSense as standalone company
- Intel is spinning out RealSense as an independent company in the first half of 2025.
- Intel RealSense depth cameras will become a standalone ICAP portfolio company.
- RealSense has been a small part of Intel's business, benefiting from its resources and network.
- The new independence raises questions about its impact on customers and potential funding.
Read Full Article
7 Likes
Pymnts
6d
90
Image Credit: Pymnts
Revolving Credit Drops 12% in November as Consumers Trim Balances
- Revolving credit, such as credit cards, dropped by 12% in November as consumers trimmed balances.
- Overall credit fell at a seasonally adjusted annual rate of 1.8% in November.
- Revolving credit saw the steepest decline in 50 months, constituting the third decrease of the year.
- Higher interest rates and cost of borrowing have made paying down debt a priority for consumers.
Read Full Article
5 Likes
Pymnts
6d
194
Image Credit: Pymnts
AT&T to Offer Bill Credits After Widespread Outages
- AT&T will offer bill credits to customers for network outages.
- The AT&T Guarantee program will provide credits to affected customers.
- Credits will be given for outages of 20 minutes or more for fiber customers and 60 minutes or more for wireless customers.
- AT&T aims to improve customer trust and experience through this initiative.
Read Full Article
11 Likes
TechBullion
6d
231
Image Credit: TechBullion
BlockDAG Sets New Standards with Hollywood-Inspired Keynote – Shiba Inu Burn Rate Plummets by 88% & Hedera Shows Bearish Trends
- Shiba Inu burn rate plummets by 88.65%, with only 606,465 SHIB burned within a day
- Hedera (HBAR) shows a 4% decline and bearish trends in price analysis
- BlockDAG (BDAG) prepares for Hollywood-inspired Keynote 3 to showcase its potential
- BlockDAG's Directed Acyclic Graph (DAG) framework and Ethereum Virtual Machine (EVM) compatibility generate enthusiasm
Read Full Article
13 Likes
Pymnts
6d
305
Image Credit: Pymnts
New Payment Processing Module for Treasury4 Platform Unveiled
- FinTech company Treasury4 has launched the Payments4 module for its software platform for treasury and finance practitioners.
- Payments4 aims to consolidate payment activities and assist with cash and forecast management.
- The module addresses common challenges faced by treasury and finance departments, such as manual data entry, unauthorized payments, and lack of visibility into payment statuses and cash flow.
- Key features of Payments4 include automated workflows, enhanced security, improved visibility, integration capabilities, and customizable reporting and analytics tools.
Read Full Article
18 Likes
For uninterrupted reading, download the app