The Bahamas-based private and corporate bank Deltec Bank has joined Visa’s B2B cross-border payment network, Visa B2B Connect. This partnership will enable faster cross-border payments for Deltec Bank’s corporate and institutional clients, built upon Visa’s global network, the companies said in a June 28 press...
When it comes to business-to-business (B2B) payments, every transaction is an adventure. That’s because B2B payments aren’t your straightforward stroll in the park. Unlike consumer payments, B2B transactions are characterized by their complexity. Large transaction values, detailed invoicing, and approval processes create a multilayered environment....
The United Nations General Assembly greenlit Monday (July 1) a China-sponsored, United States-backed resolution on artificial intelligence, signaling a potential sea change in global AI regulation and commerce. This cooperation between the two tech titans comes just months after a U.S.-led AI safety measure, highlighting...
Millions of Apple’s smartphone and computer/laptop apps were reportedly exposed to a security breach. The breach could be used for potential supply chain attacks, ArsTechnica reported Wednesday (July 3), citing research from EVA Information Security. The exploit was uncovered in CocoaPods, an open-source repository used...
European venture capital firm Forestay Capital reportedly raised $220 million to invest in startups in the enterprise artificial intelligence and Software-as-a-Service (SaaS) sectors. This is the second fund from the VC firm that focuses on enterprise technology companies, targets those at the early growth stage,...
As artificial intelligence revolutionizes the banking sector, industry leaders from UBS and McKinsey highlighted the potential and challenges facing financial institutions. Concerns range from return on tech investments to the future role of human bankers in an AI-driven landscape. McKinsey: AI Promises Banking Revolution, but...
Online gambling firms FanDuel and BetMGM are reportedly not offering in the United States some of the safeguards they have implemented in the United Kingdom. The two companies — FanDuel is owned by Irish company Flutter and BetMGM is jointly owned by British company Entain and MGM Resorts International — are leading...
While more people are embracing the idea of buying and selling secondhand clothing, companies specializing in selling these items are reportedly facing challenges in turning a profit. The U.S. secondhand apparel market was valued at approximately $43 billion in 2023, The Wall Street Journal (WSJ)...
Israeli blockchain data management startup SendBlocks has raised $8.2 million in seed funding. The company, which has just emerged from stealth, announced the funding in a news release Wednesday (July 3) that also outlined its platform, which lets blockchain enterprises, ecosystems, protocols and applications “define...
