As industries begin to assess the fallout from COVID-19, it’s almost certain that a global recession is on the horizon. The director of the International Monetary Fund (IMF) recently stated that the world economy is taking a substantial hit and “global growth will turn sharply negative in 2020.” In the U.S., the Fed announced provisions of up to $2.3 trillion in loans to support the economy.

A new EIT Digital-supported project is going to hit the market. As Europe’s innovation engine, EIT Digital has put together the University of Barcelona, Bright Cape and the University of Rennes1, which led the activity, to leverage the innovation proposal of VIPO, a startup combining computer vision and Artificial Intelligence to help retail and fashion companies customize their users’ experience.

How can your payments provider help you when you cannot deal face-to-face with a customer?

 Moorwand, a BIN sponsor, issuer and acquirer that transforms compliance into an enabler of innovation, today announced that it has been selected by wearables payment company, K Wearables, to provide issuing, BIN Sponsorship and digital banking services for its innovative contactless payment ring.

Today, Brazilian payments fintech EBANX announces the launch of its Sell in LatAm EBANX Checkout for Shopify, a single integration transparent checkout for foreign stores that sell to Brazil through the Shopify platform. 

Paysend, a global FinTech based in UK, has started an educational program to help customers improve their knowledge about money in the digital world through a series of articles, blogs and videos based on a behaviour change model that has been created with a group of experts in FinTech strategy.

The programme starts with the launch of a video campaign and a white paper which has been re-leased worldwide through press and social media outlets.

What if we make money truly global, stable and secure? That’s Libra’s ambition and I’ve got to hand it to the guys at Libra. Having announced their idea to create a global currency last summer, and then see it ripped to pieces by regulators, they’re back.

Yes, it’s Libra 2.0.

What’s the difference between 1.0 and 2.0?

FIS™ (NYSE: FIS), a global leader in financial services technology, announced today that fintech startup Bambu has selected FIS’ next-generation Modern Banking Platform to power a new digital banking solution for U.S. unbanked and underbanked.

More than thirty organizations in the insurance, banking and finance, public and business sectors, as well as associations and institutions, including Guardia di Finanza (the Italian finance police), are participating in the national " Fideiussioni Digitali” (Digital Sureties) project promoted by CeTIF, SIA and Reply, in collaboration with the Bank of Italy and IVASS, to digitize the management of sureties using blockchain technology.

BMLL Technologies, the data engineering and analytics firm, today announced a collaboration with OpenFin, the operating system (OS) for finance, to build their Derived Data desktop application on OpenFin’s OS.