Transaction Banking
China: Price War Among Cloud Providers A Boon To Buyers
The pricing moves come as China’s economy makes a cautious recovery following the relaxation of strict Covid-19 restrictions.
Technology
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Economics, Policy & Regulation
Hong Kong: E-Currency Pilot To Pave Way For Broad Consumer Use
Sixteen banks and payment firms are involved in a trial using the “e-HKD,” including the three note-issuing banks—HSBC, Standard Chartered and the Bank of China (Hong Kong).
Technology
Microsoft-Activision Deal Divides Regulators
While market watchdogs in the European Union and China have given the green light, the software giant is still fighting battles in the US and UK to get the deal approved.
Features
Best Innovation Labs 2023
Global Finance’s 6th annual listing showcases the digital and financial-industry trends arising from the world’s leading innovation centers.
Emerging & Frontier Markets
Africa: Standard Bank CEO Skeptical Of Retail CBDCS
The IMF has conducted CBDC workshops in Africa covering issues posed by central bank-governed virtual digital assetsbut adoption has been sluggish.
Economics, Policy & Regulation
China Proposes Security Assessment For AI Tools
According to China's newproposed regulations, companies providing generative AI services must prevent false information and content that is discriminatory or harmful to intellectual property or personal privacy rights.
Technology
Italy Temporarily Bans ChatGPT
French, German and Irish regulators contacted their Italian colleagues to better understand the basis of the temporary ban.
Technology
Trade Law Catches Up With Technology
A slow process ofswitching from physical todigital trade documentation appears to be speeding up.
Features
Open Banking: Still The Next Big Thing
As open banking expands, consumers and companies stand to enjoy lower fees, greater ability to leverage their financial data: if they can control the risk of stolen or misused data.
Features
Fed Preps Digital Payments
FedNow will permit individuals and institutions to make payments around the clock daily, challengingprivate sector incumbents such as PayPal, Venmo and Square Cash.
Features
Panama To Gain First Fully Digital Bank
Already active, the bank will launch its proprietary Atlas Pay platform in the region, a virtual wallet with built-in services.
Technology
The Netherlands Joins US Effort To Deny China Semiconductor Technology
While the US effort to cut China out of the global semiconductor industry is driven by national security concerns,the effort has consequences for semiconductor companies that produce civilian products.