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UOB Report: ASEAN Fintech Investment Defies Funding Winter, Surges Tenfold Since 2015

Fintech News

Despite global economic challenges and a recent “funding winter,” ASEAN’s fintech investments have shown resilience, with funding in the region’s six largest economies reaching US$1.41 The recent interest rate cuts by the US Federal Reserve are expected to support further growth. billion in the first nine months of 2024.

FinTech 109
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Fed Officials: Economy Unlikely To Recover Before Vaccine Is Available

PYMNTS

Federal Reserve officials said they don’t think the economy is coming back in full until the pandemic is contained, Reuters reported. If we don’t follow that, while people may feel freer, the economy will grow slower,” Kaplan said, according to Reuters. Instead, U.S. percent on March 17 to 48.8 percent by April 11.

Economy 97
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Will ‘Zombie Companies’ Eat The US Economy?

PYMNTS

gross domestic product, according to Federal Reserve data. But the borrowing surge is continuing thanks to the pandemic, with more than $1 trillion in new debt issued so far this year. Will so-called “zombie companies” soon do the same to parts of the U.S. In an age where U.S. In an age where U.S. economic recovery.

Economy 85
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Coronavirus Prompts Federal Reserve To Slash Rate To Zero

PYMNTS

The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. The new rate will now be targeted at 0.0 percent to 0.25

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Fed Bets Trillions In SMB Lending That Consumers Will Return

PYMNTS

Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. economy, as the fallout from the coronavirus continues. But so might a “false start.”. Thursday morning, the U.S. It’s all meant to shore up the U.S.

Fed 135
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Orum Teams Up with Visa Direct to Launch Faster Payments

Fintech Finance

We’re proud to partner with Visa, continue innovating on our Deliver API, and expand our innovative offerings.” “Real-time1payments can serve a variety of purposes, including payouts to businesses, consumers, and gig economy workers. .”

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Fed Data: The U.S. Economy Is Reopening, But Not Rebounding

PYMNTS

For now, the Federal Reserve Beige Book released on Wednesday (May 27) found that U.S. companies are suffering from a continued overall economic decline. Overall, verticals such as the hospitality, travel and leisure sectors continue to see a downdraft. Where might there be some green shoots?

Fed 57