U.S. President-elect Donald Trump attends a meeting with Britain’s Prince William (not pictured) at the residence of the British ambassador to France, on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral following the 2019 fire, in Paris, France, December 7, 2024. Aaron Chown | Via Reuters In an exclusive interview with…
Brazilian financial-technology company Nu Holdings Ltd. is considering plans to shift its legal base to the UK, in a move that would mark a major win in Britain’s push to encourage more tech companies to move to the country. The digital challenger bank has been working with the British government on the plans, which were…
A man accused of spiking a woman’s drink at a Hong Kong bar has been sacked by two fintech companies with headquarters in Singapore. The woman shared details of the alleged incident on her social media account, saying she was warned by a waitress that her drink had been tampered with and had felt “extremely…
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company’s first expansion overseas. Founded in 2012, Affirm…
The journey to a cashless Hong Kong is going well, that is until someone gets into a cab without first checking the money in her wallet. Chances are, she will be out the door in less than five seconds. Digital payments have made a big dent into the daily lives of the city’s 7.5 million…
Hong Kong outlined its first policy guidelines dedicated to the use of AI in finance and floated a tax breakBloomberg Terminal for virtual assets, part of efforts to promote itself as an Asian business center. On Monday, government officials touted a common framework through which different regulatory agencies can craft policy governing the use of…
How are banks responding to an era of massive tech disruption and the prospects of lower interest rate margins as global interest rates fall? The banking industry used to be a highly profitable business because interest rate margins – the difference between the lending rate and deposit costs – were high. In the 1960s, when…
Donald Trump’s crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. In what it calls the “World Liberty Gold Paper,” WLF said the Trump family will receive 22.5…
Startups like TomoCredit and Albert, last valued at hundreds of millions of dollars, are the target of hundreds of consumer complaints. By Jeff Kauflin, Forbes Staff Inthe summer of 2023, 55-year-old Michigan resident Felisa Ware was hoping to improve her credit so she could buy a bigger house where her ailing mother could live with…
Saving money can be challenging, but technology is making it easier than ever. Whether you’re a seasoned saver or just getting started, money-saving apps can help you build up your bank account. These apps are designed to help you save automatically, track your spending and develop healthy financial habits — all while eliminating the stress…