Author: News Editor

Kissinger, a controversial figure who was both admired and reviled, was known for his pragmatic approach to diplomacy and his willingness to engage with adversaries. He was a key figure in the Nixon administration’s efforts to end the Vietnam War and in the normalization of relations between the United States and China. Kissinger was born in Fürth, Germany, in 1923, and emigrated to the United States in 1938 to escape the Nazis. He served in the US Army during World War II and later earned a doctorate from Harvard University. After teaching at Harvard, Kissinger entered government service in the…

Heightened security is likely throughout Riyadh as it will host the Arab League Emergency Summit on November 11, 2023. Foreign ministers of member nations will meet to discuss the ongoing Israel-Hamas war and the humanitarian crisis in the Gaza Strip. The meeting was called by the Palestinian Authority and Saudi Arabia. Authorities will likely increase security in and around the summit venue and its surrounding areas in the days leading up to the event. Additional security measures, including checkpoints and road closures, are also likely along all major routes between the venue and King Khalid International Airport (RUH). Authorities may…

Greetings! The Reputation Poll Magazine is here. This groundbreaking edition rides with the “Heralds of the Droidan Age”, spotlighting the revolutionary Artificial Intelligence advancement generation. We certainly cannot ignore the trends; AI is the force to reckon with. Whilst its challenges are before it, the revolution of AI continues to tear down barriers of controversies as it further embeds its deeper progressive natures into the human way of life. And as the saying goes: “If you’ve been waiting for a sign, this is it!” However, AI is by far not the only thing to look out for in this…

Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $76 million in new funding. It includes $28 million in equity from new and existing investors led by Mubadala Investment Company, $10 million in venture debt from funds and accounts managed by BlackRock, and $38 million in previously undisclosed funds raised during the prior 12 months, Moove said in a statement. The news is coming a year after Moove raised a $105 million Series A2 financing ($65 million equity and $40 million debt). The company, which closed its…

The African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development (IFAD), have voted $1 billion to further deliver Special Agro-industrial Processing Zones in 24 States of Nigeria. This is in addition to an initial $520 million voted by the development partners for the development of eight special agro-industrial processing zones in Nigeria. President of African Development Bank Group, Dr. Akinwumi A. Adesina, made this disclosure at the on-going Norman Borlaug International Dialogue, World Food Prize 2023, in Des Moines, Iowa, United States of America. Delivering his address titled, “From Dakar to Des Moines,” Adesina…

US-based tech platform Squeeze has acquired Youtility, a UK technology start-up, in a bid to offer a unique embedded experience for both businesses and their customers. The collaboration hopes to combine the consumer-facing expertise of Squeeze with the market-leading B2B services of Youtility, to bring about a transformative change in the financial sector. Squeeze is a rapidly growing platform dedicated to helping consumers manage, evaluate, and save on their recurring insurance contracts. Youtility, based in the UK, operates a market-leading B2B API platform. It collaborates with banks and fintech companies to deliver integrated home finance management services, providing customers with…

Indian fintech Pepper Money is collaborating with the National Payments Corporation of India and merchant technology company Pine Labs to issue a prepaid card via the national Rupay payment network. The product, called the Pepper Money Dreams Card, is expected to reach more than a million consumers within the next year. The card is designed for smaller towns and rural areas, where financial services are not as accessible as in India’s larger cities. Pepper Money will partner with about 100 local businesses in fashion, travel, electronics, dining and health care at launch. The NPCI estimates the Indian prepaid card market…

Fiserv has joined the Swift Partner Program, allowing the bank technology seller to enable connectivity to Swift’s application programming interfaces and support Swift’s Global Payment Initiative. Swift’s GPI lets parties track payments across different banks and countries through a single source — a capability that’s considered a key cog in Swift’s real-time and cross border payment strategy. Fiserv is attempting to make it easier for its financial institution clients to offer cross-border digital payments, or to set up digital payments in new countries. Like many bank technology firms, Fiserv is in the midst of expanding its ability to connect banks…

A group of payment technology companies including Wise, Wealthsimple, Xero Canada, Borrowell and fintech industry lobbyist Fintechs Canada have started the Choose More campaign, which is pushing for open banking. Open banking refers to using data sharing to enable a single log in (usually a payment credential) to access financial and nonfinancial products from other companies. Adoption of open banking in Canada is relatively low, and there isn’t a formal framework to govern open banking in Canada. The Choose More campaign is designed to pressure faster work on data portability regulations, while educating consumers about data sharing and real-time payments,…

The Financial Conduct Authority’s crypto asset promotion rules went into effect on Monday, and the agency had a busy day — issuing 146 alerts in 24 hours, with firms being given an opportunity to engage with the FCA to correct marketing before more formal steps are taken. The rules mandate that firms marketing cryptocurrencies or related assets must be authorized and registered with the FCA, or have their marketing programs approved by a firm that the FCA has authorized. The promotions must be “clear and not misleading” and labeled with risk warnings about the dangers of investing in cryptocurrency. “These…