The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council. “We’ve seen record first quarter mine production in 2024 up 4% year on year. But the bigger picture, I think about mine production is that, effectively, it plateaued around […]
Shoppers are particular about what payment methods they like using and are letting retailers know. According to a new survey from payment service company Adyen, 55% of consumers will abandon a purchase if they can’t pay how they want. More than a quarter (27%) of consumers say they don’t carry wallets anymore and instead are […]
The Consumer Financial Protection Bureau took a key step toward enabling open banking in the U.S. by outlining guidelines for a standard-setting body. Open banking requires customers to share their bank and credit card account data with third-party financial technology companies, such as application programming interfaces. Defining and protecting consumers’ data rights is a critical part […]
The prevailing sentiment among consumers, particularly in younger generations, is access is more important than ownership. The subscription-centric sales process turns the traditional sales model on its head, and merchants wishing to take advantage of the recurring payments paradigm must pivot to take advantage. How Recurring Payments Through Subscriptions Drive Business Growth, a new report […]
Crude oil futures Friday posted a third straight weekly loss on worries that demand may be softening even as OPEC+ plans to increase production. U.S. crude oil and global benchmark Brent sold off earlier in the week after OPEC+ members announced that they would start phasing out 2.2 million barrels per day in production cuts starting in […]
Tesla Board Chairperson Robyn Denholm urged shareholders to re-approve CEO Elon Musk’s $46 billion pay package this week, saying the vote is “not about the money” while suggesting that Musk could leave Tesla or devote less time to the company if he isn’t properly compensated. “This is obviously not about the money. We all know […]
FinTech Magazine is on the ground at Money 20/20 in Amsterdam to gain insight into how bunq is powering AI open banking in collaboration with Mastercard bunq’s collaboration with Mastercard is set to give users spending insights across all their bank accounts. The neobank is joining forces with the leading payment services company to power its personal […]
The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP). The project aims to explore a multi-central bank digital currency (CBDC) platform shared among participating central banks and commercial banks, built on distributed […]
Nvidia’s market value has surged past $3tn (£2.3tn), lifting the chipmaker ahead of Apple to become the second most valuable publicly listed company in the world. The firm’s share price rose more than 5% on Wednesday, to more than $1,224. It extended a breathtakingly rapid climb that started last year, powered by bets that the […]
Crude oil futures rose more than 1% on Wednesday, bouncing back from four-month lows after a decision by OPEC+ to increase production triggered a selloff this week. U.S. crude and global benchmark Brent are down nearly 4% this week after eight OPEC+ members agreed Sunday to gradually phase out 2.2 million barrels per day in […]
Bunq announced it applied for a banking license in the UK and hopes to reenter the country by the end of the year. The Dutch neobank operated in the UK from 2019-2020 when Britain’s Brexit shift forced Bunq to suspend its operations in the country. Touting itself as “the Bank of the Free,” Bunq earned […]
Texas-based paytech Forward has secured $16 million through a seed funding round co-led by Elefund, Commerce Ventures and Fiserv. Founded in 2022 by former Fiserv partner solutions head Brandon Lloyd, the company aims to collaborate with Software-as-a-Service (SaaS) firms to increase their revenue by “two to three times” through the integration of payments as a […]
