FDI

Block's Cash App Subsidiary Receives FDIC Approval for Innovative Borrowing Options

16 days ago

In a significant step towards expanding its digital financial services, Block's subsidiary, Cash App, has secured approval from the Federal Deposit Insurance Corporation (FDIC) to offer borrowing solutions. This approval marks an important milestone not just for Cash App, but also for consumers seeking accessible financial options.

FDIC Unveils Documents Investigating Banks' Engagement with Cryptocurrency Ventures

2 months ago

The Federal Deposit Insurance Corporation (FDIC) has recently released a set of documents that delve into banks' potential business strategies in relation to cryptocurrencies. This disclosure highlights the growing intersection of traditional banking and the burgeoning crypto market, as regulators scramble to adapt to the rapid evolution of digital assets.

Vietnam's Premier Sets Sights on FDI to Propel AI and Big Data Revolution

6 months ago

The Prime Minister, Pham Minh Chinh, has made a bold move to announce an ambitious plan to make the country a technology hub in Southeast Asia with heavy reliance on foreign direct investment in Vietnam for developing AI and big data sectors. During an economic forum in Hanoi, Chinh emphasized that technological advancement was about ensuring the future of the nation's economy.

India Intensifies Scrutiny Over Amazon and Flipkart's Financials for Potential Penalties

6 months ago

The government of India has started the process of scrutinising the books of Amazon and Flipkart, two of the e-commerce giants operating within its borders. According to reports, this comes after allegations of violations with respect to foreign investment rules and norms pertaining to competition. It has been reported by Mint, citing officials, that the government of India is taking a close look at financial documents of both companies that may lead to the levying of penalties.