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Traditional payments infrastructure is facing a period of intense scrutiny as the demand for instantaneous, low-cost cross-border settlement moves from consumer expectation to corporate necessity. While retail users in the UK have grown accustomed to the near-instant nature of the Faster Payments Service, the back-end reality for high-value B2B transactions remains a fragmented system of messaging and delayed reconciliation.Nkiru Uwaje, COO and co-founder of Mansa, explained that the average user often fails to realise that “real money” does not move in real-time. Instead, the global financial system relies on a messaging logic—historically dominated by Swift—that requires later reconciliation, a process…

Default rates in direct lending will climb to 8% as advances in artificial intelligence continue to disrupt the software industry, according to Morgan Stanley.

remains a key player in the memory chip and AI hardware space, and the AI chip boom is still going strong. Micron produces memory devices and has been making significant money. Nvidia is hosting a conference next week that should help storage and optical companies as well. Micron’s sales are forecast to rise 37.4%, while earnings are expected to increase 451.4%. Analyst revisions have been extremely strong, more than doubling in the past 90 days, and the company posted a 20.7% earnings surprise last quarter. The stock is recommended in newsletters, is under management, and is expected to continue moving…

Check out what’s clicking on FoxBusiness.com. Costco issued a recall notice over the weekend for its popular ready-to-eat meatloaf meal kit, impacting warehouse locations in at least 26 states. The “Meatloaf with Mashed Yukon Potatoes and Glaze” was flagged for potential Salmonella contamination after an ingredient supplier raised concerns.”An ingredient supplier, Griffith Foods Inc., has announced the recall of an ingredient used in the Meatloaf because the ingredient has the potential to be contaminated with Salmonella,” the recall notice said.  Headquartered just outside Chicago, Griffith Foods is a global, family-owned food ingredient manufacturer. The Costco recall notice did not specify which…

China’s latest wave of interest in OpenClaw is increasing the willingness of price-conscious locals to spend on artificial intelligence tools, potentially boosting AI players in search of a monetization path. In particular, Hong Kong-traded Tencent shares were trending lower to start the year. But news last week that the company was integrating its own version of the popular AI agent across its apps helped the stock recover from nine-month lows. OpenClaw, an AI agent that can assist with personal computing tasks, has quickly become one of the most popular AI tools for people around the world to download and try…

Polymarket and Kalshi are trying to raise money at valuations that put them in the top tier of consumer-fintech names, even as Washington moves closer to writing new rules for the product they sell. Both companies are reportedly in early fundraising talks that could value each at around $20 billion.That fundraising chatter is taking place in the middle of a political storm.Iran-related contracts turned prediction markets from a quirky forecasting niche into a question about insider information and incentives around war. Reuters reviewed Polymarket markets tied to the timing of attacks and Khamenei’s removal and found about $529 million wagered…

U.S. stock-index futures reversed early losses on Sunday as the market braced for another surge in oil prices this week, with the conflict with Iran threatening to escalate further.

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxChubb has appointed Seshadri (Sesh) Iyer as Executive Vice President, Chubb Group, Operations, Technology and Digital Transformation, effective April 6.He succeeds Julie Dillman, who will retire on 2 April after nearly a decade with the company.In the role, Iyer will oversee Chubb’s global operations and technology.He will also work with Sean Ringsted, Chief Digital Business Officer, on the company’s digital transformation across underwriting, sales and service operations worldwide.Iyer will report to Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited and Chubb Group, and John Keogh,…

Perpetual to sell wealth management arm to Bain Capital for $350 million upfront

Cotton futures are trading with 101 to 108 midday gains so far. The outside markets are pressure factors at midday but being shrugged off. The US dollar index is up 527 points, with crude oil futures back down 35 cents/barrel.The Seam reported 2,808 bales of online sales on November 19 at an average price of 64.18 cents/lb. ICE cotton stocks were unchanged on Tuesday, at 13,274 bales of certified stocks. The Cotlook A Index was up 10 points on 11/19 at 79.45 cents/lb. The USDA Adjusted World Price (AWP) was back up 24 points last week to 58.20 cents/lb. It will…