Technology

Dynamism in the payments arena is driving change at banks and drawing new players into the field, expanding innovation and opportunity.

Elon Musk's takeover of Twitter has plunged Twitter and Tesla into turmoil and there's no end in sight.

The hiring will also include software developers and data specialists who will work with BBVA’s Client Solutions, Architecture and Data teams on the design, development and deployment of global and reusable components that support the creation of functionalities for retail and corporate clients.

Venture capital is moving away from unicorns and towards mature companies.

Gulf states are diversifying their economies and betting big on tech.

The Cloud has become a must for traditional financial institutions, who are increasingly viewing it a key tool for innovating and achieving business goals.

As pandemic response continues to reshape human behaviors and attitudes, banks are strengthening in-house innovation teams and tapping broader networks to stimulate fresh ideation in financial services.

Philip Rosedale was a digital pioneer in creating Second Life, one of the first virtual worlds and still a leading social platform for adults. Linden Lab, Second Life’s parent company, now has two decades of experience in managing an online world, including developing a virtual currency traded globally. He talks to Global Finance about what they’ve learned and larger hopes for the metaverse.

Fighting in Ukraine spurs factoring and digitalization adoption.

Banks like JPMorgan are mostly on Decentraland—a 3D virtual world run by the nonprofit—to learn.

Walmart is finalizing its push into the metaverse, according to trademark application filed with the US Patent and Trademark Office at the end of 2021.

The acquisition also lets Microsoft get its foot into the metaverse’s door.

Facebook rebrands itself and reshuffles its executive suite.

The fast-rising valuations of tech companies have also motivated firms to change their employee incentive structures.

Analysts say the cryptocurrency’s spike in price has more to do with inflation fears than pent-up demand for nascent ETFs. 

The ECB moves forward with plans to create a digital Euro and digital wallets for consumers.

India backs down from its inital ban on cryptocurrencies.

Almost half of the North American organizations polled have suffered a data breach via a third party in the past 12 months.

Barring cryptocurrencies will prevent Chinese yuan from leaving China in the form of Bitcoin or other cryptocurrencies, allowing the government to maintain control of its centralized fiscal and economic systems.