Category: Finance

ECB Throws Another Punch at Inflation: Interest Rates Rise, But Relief Remains Elusive ECB Throws Another Punch at Inflation: Interest Rates Rise, But Relief Remains Elusive In a bid to tame the inflation beast, the European Central Bank (ECB) delivered another blow on Thursday, raising key interest rates by 0.5%. This latest hike, the fourth…

PayPal Bets on AI: Can New Products Recharge the Payments Giant? PayPal, the digital payments giant, is pinning its hopes on artificial intelligence (AI) to regain its former glory. Under the leadership of new CEO Dan Schulman, the company is gearing up to launch a suite of AI-powered products, aiming to reignite investor confidence and…

fintech industry are expected to grow McKinsey’s research shows that revenues in the fintech industry are expected to grow almost three times faster than those in the traditional banking sector between 2023 and 2028. These trends are also coinciding with—and in many ways catalyzing—the maturation of the fintech industry.