SWIFT to Launch Central Bank Digital Currency Platform Within Next 2 Years
Paypii
by Paypii
13h ago
LONDON – The global financial messaging network, SWIFT, has announced plans to develop a new platform within the next one to two years aimed at integrating central bank digital currencies (CBDCs) with the existing financial system. This initiative marks a significant step towards enhancing the interoperability of digital currencies worldwide, with SWIFT playing a pivotal role in the evolution of the global banking landscape. As digital currencies gain momentum, with approximately 90% of the world’s central banks currently exploring or developing their CBDCs, the need for a unified platform to ..read more
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UK Fraud Surges, Reaching £2.3 Billion in 2023, Reveals Report
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by Paypii
1M ago
In an alarming revelation, the amount of fraud in the UK surged to a staggering £2.3 billion in 2023, more than doubling from previous figures and marking it as the second most fraudulent year in the past two decades. This significant rise in fraudulent activities has been highlighted in the latest FraudTrack report by accounting giant BDO, which also casts a foreboding shadow on the potential misuse of artificial intelligence by fraudsters to deceive consumers further. The report indicates an 18% increase in the number of reported fraud cases, reaching a three-year peak. Additionall ..read more
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Cashless Health Insurance Guide: Benefits and Process
Paypii
by Paypii
1M ago
Navigating the complexities of health insurance can be daunting, but cashless health insurance policies simplify the process, ensuring financial support during medical emergencies without the stress of handling hospital bills. With cashless health insurance, the financial transactions for hospitalization and treatments are directly managed between the insurance provider and the network hospitals. This seamless approach removes the burden of upfront payments, allowing policyholders to focus on recovery rather than financial logistics. The essence of a cashless health policy lies in its immediat ..read more
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Swift Response to Bomb Threat Ensures Safety at American Dream Mall on Black Friday
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by Paypii
1M ago
On Black Friday, a day synonymous with bustling crowds and unbeatable deals, the American Dream Mall in East Rutherford, New Jersey, faced an unexpected challenge. As shoppers navigated through the second-largest mall in the country, seeking out holiday bargains, an alarming situation unfolded that prompted an immediate evacuation of the premises. The incident in a location celebrated for its vast array of retail and entertainment options tested the resilience and preparedness of the mall’s management and local law enforcement. The New Jersey State Police swiftly responded to a bomb threat at ..read more
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The Significance of Open Banking and Embedded Finance in Transforming the Financial Landscape
Paypii
by Paypii
2M ago
The growth of Open Banking has spurred the development of numerous fintech startups. According to a report by McKinsey, global fintech investment reached $105 billion in 2020, with a significant portion directed towards companies leveraging Open Banking. As of 2021, there was a notable increase in financial institutions offering Application Programming Interfaces (APIs), which are critical components of Open Banking, to third-party developers. According to a Deloitte survey, 78% of banks provided Open Banking APIs in 2020. In the UK, for instance, a study by PwC indicated that around ..read more
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The Potential and Challenges of Cryptocurrencies as a Solution for International Trade
Paypii
by Paypii
2M ago
The Fringe Asset, Cryptocurrency, was used for high-risk investment purposes only by a few handfuls of crazy people, who used to be ridiculed by so-called intellectuals but are now getting popular in the Banking and Finance Industry, especially in the realm of international trade. In the ever-evolving landscape of world trade, the adoption of cryptocurrencies has emerged as a transformative force inside the realm of trade finance. Cryptocurrencies, most considerably Bitcoin and Ethereum, have disrupted conventional economic structures by supplying decentralized and green alternatives. This ev ..read more
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The Importance of Product Liability Insurance in the Cannabis Industry
Paypii
by Paypii
3M ago
The cannabis industry is growing exponentially, making it an attractive business opportunity for many newcomers. But with so many areas for growth, there’s also increased chances of errors. This is why product liability insurance is one of the primary concerns that cannabis business owners have. Cannabis liability insurance differs slightly from traditional liability insurance due to the higher risks involved. This is why you must get an insurance provider such as Alpharoot that covers many liabilities, including physical injuries and property damage.  In this article, let’s take you thro ..read more
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Do You Get Paid For Donating Convalescent Plasma Donation?
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by Paypii
4M ago
Convalescent plasma donation refers to plasma extracted from the blood of people who have recovered from an infection, like COVID-19. This plasma contains antibodies that help them fight off and recover from the disease.  The antibodies can potentially help treat others infected with the same illness. Many people wonder if they can get paid for donating convalescent plasma. Here is a detailed look at convalescent plasma donation and compensation. Can You Get Paid For Donating Plasma? In most cases, you cannot get directly paid for donating plasma. The U.S. federal law prohibits compensat ..read more
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7 Java Frameworks Used by Developers in 2023
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by Paypii
4M ago
Decades after its initial launch, Java remains one of the most popular, reliable, and advanced programming languages. Its “write once, run anywhere” kind of coding technique provides developers flexibility and versatility. Moreover, a wide range of development frameworks are available that can enhance the functionality of Java. Using the best Java frameworks provides an edge over competitors. So, if you are on the lookout for such Java development frameworks, your search ends here. However, picking a suitable option is quite challenging. You must be aware of the frameworks and their capab ..read more
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Thanksgiving Day online sales, discounts jump
Paypii
by Paypii
4M ago
Ordering gifts online, paying by credit card. Concept online shopping, buying Christmas and New Year’s presents. Black credit card, computer and christmas presents on blue sofa with festive decorations at home. Christmas and black friday shopping. Anastasiia Krivenok | Moment | Getty Images Online spending on Thanksgiving Day jumped 5.5% compared to a year ago, according to Adobe Analytics, a reflection of holiday shoppers who are buying more of their gifts online and responding to discounts. E-commerce sales totaled $5.6 billion on the holiday. That’s nearly twice as much as the $2.87 bi ..read more
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