The growing energy consumption by U.S. data centers has heightened concerns among experts about its impact on overall electricity demand and environmental sustainability. Modern computing activities, particularly driven by AI and cryptocurrency mining, have significantly increased energy use, and
The financial sector is experiencing a surge in artificial intelligence (AI) investment and adoption. With significant technological advancements and landmark developments, such as the launch of ChatGPT, financial institutions are increasingly integrating AI to enhance operational efficiency,
The integration of sophisticated financial products and services is crucial for small and medium-sized enterprises (SMEs) to thrive, especially in markets with high levels of cross-border trade and currency risk. Okoora, a forward-thinking fintech company, is aiming to address these needs as it
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 approval of the Financial Data Exchange (FDX) by the Consumer Financial Protection Bureau (CFPB) as a standard-setting organization for open banking marks a significant milestone for the financial landscape in the United States. Open banking allows consumers to share and move detailed financial
Yavrio, a London-based Open Banking fintech, has secured $2.4 million in seed funding to advance its mission of revolutionizing the enterprise resource planning (ERP) landscape. By eliminating the reliance on outdated and insecure CSV file imports, Yavrio aims to enhance efficiency, security, and
