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SVB Customers in Asia Still Stuck With Outstanding Loans
SVB Customers in Asia Still Stuck With Outstanding Loans
June 19, 2023  |  Banking

Silicon Valley Bank customers in Asia are reportedly facing dual headaches following the lender’s collapse. These customers had their deposits seized by the Federal Deposit...

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Report: Credit Card Delinquencies Rise as Consumers Drain Savings
Report: Credit Card Delinquencies Rise as Consumers Drain Savings
June 19, 2023  |  Credit Cards

Your card bill might read “2023,” but for credit card delinquency rates, it’s 2019. As Seeking Alpha noted in a report Monday (June 19), those rates now...

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BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
June 19, 2023  |  Cryptocurrency

Recent regulatory action against the cryptocurrency sector continues to pressure token prices. That’s according to recent research by Bank of America, which — as CoinDesk...

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IMF Director: 10 Central Banks ‘Crossing the Finish Line’ on CBDC
IMF Director: 10 Central Banks ‘Crossing the Finish Line’ on CBDC
June 19, 2023  |  CBDC

The International Monetary Fund (IMF) is working on a worldwide central bank digital currency (CBDC) infrastructure. That platform would allow for interoperability of CBDC settlements and...

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ACI Worldwide Offers Instant Payments to UK and EU Merchants
ACI Worldwide Offers Instant Payments to UK and EU Merchants
June 19, 2023  |  Real-Time Payments

ACI Worldwide has launched its instant payments solution for merchants in Europe and the U.K. ACI Instant Pay will let merchants in these areas accept instant...

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IBM and Adobe Expand Partnership With Generative AI Focus
IBM and Adobe Expand Partnership With Generative AI Focus
June 19, 2023  |  artificial intelligence

IBM and Adobe are expanding their partnership to help brands create content with artificial intelligence (AI). The collaboration, announced Monday (June 19), will see IBM Consulting debut a portfolio...

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Buy Now Expanding B2B Platform for Japanese Fashion Industry Worldwide
Buy Now Expanding B2B Platform for Japanese Fashion Industry Worldwide
June 18, 2023  |  B2B Payments

Buy Now is expanding its B2B platform for the Japanese fashion industry worldwide. Formerly called FORSEE and focused on connecting Japanese designer brands with domestic vendors,...

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Health Spending to Represent 20% of US Economy by 2031
Health Spending to Represent 20% of US Economy by 2031
June 18, 2023  |  Healthcare

Health spending will represent about 20% of the United States economy by 2031. The sector represented 18.3% of the country’s gross domestic product (GDP) in...

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Twitter Developing Video App for Smart TVs
Twitter Developing Video App for Smart TVs
June 18, 2023  |  Connected Economy

Twitter’s plans include a video app for smart TVs. Owner Elon Musk said this Saturday (June 17) in response to a tweet that said: “We really...

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