The sector of financial technologies or 'fintech', which more than a decade ago was only an experimental segment of the economy, over the recent years has shown consistently high rates of growth due to the general tendencies of the digitalization of society’s needs. The current market size of
The "Financial Infrastructure Transformation Programme" launched by the Central Bank of the United Arab Emirates (CBUAE) nearly two years ago is currently "85 percent" complete, as announced by the authority this week. This multi-faceted plan aims to spearhead the digital transformation of
The legal battle between Michael Lewellen, a prominent U.S. blockchain developer, and the U.S. Department of Justice (DOJ) has sparked a significant debate within the cryptocurrency community. Lewellen's lawsuit challenges the Biden administration's broad interpretation of money-transmission laws,
The U.S. Consumer Financial Protection Bureau (CFPB) is currently embroiled in a lawsuit over its recent decision to impose bank-like regulations on digital wallets and payment platforms. This legal battle has drawn attention from various tech trade groups, sparking a debate about the broader
The alarming rise of credit card defaults among Americans has become a significant financial phenomenon in recent times. According to the Financial Times, citing data analyzed by BankRegData, U.S. credit card defaults have surged to a record $46 billion from January through September 2024, marking
The landscape of financial management for small businesses is undergoing a significant transformation, driven by advancements in financial technology (fintech). Fintech innovations are revolutionizing how small businesses manage their finances, making sophisticated financial tools and resources
David Lisnard, the mayor of Cannes, has recently launched an ambitious initiative urging local businesses to embrace cryptocurrency payments. Lisnard, who has been at the helm of the city for over a decade, believes that by not accepting digital currencies, local businesses might miss out on
In the evolving landscape of agriculture, New York farmers face a crucial decision: whether to embrace advanced agricultural technology or remain faithful to traditional farming practices. This dilemma pits the potential benefits of technological innovations against the risks involved, including
As Donald Trump begins his second term as President of the United States in 2025, his administration's focus on deregulation is set to bring substantial changes across various sectors, especially for the airline industry and travel technology providers. This ongoing deregulatory agenda could lead
In the world of credit card rewards, understanding the nuances of contactless payments can significantly impact the rewards you earn. For UOB Preferred Platinum Visa (PPV) and UOB Visa Signature (VS) cardholders, knowing how to maximize miles per dollar (mpd) through contactless transactions is
