Data acquired by Finbold.com reveals that the total number of Commercial Banks in the US has dropped by 45.65%. The drop has been registered between 2000 and 2020. The data shows that Commercial Banks have closed at a rate of 3.15% yearly average. Financial crisis accelerates closure of Commercial Banks In 2000, the number of […]
The future of B2B payments is real-time payments. Although progress on this front has been slower when compared to consumer payments, it is steadily picking up steam. The increased demand for solutions, as well as a rather sluggish pace from governments and institutions, have only served to further highlight this glaring issue […]
ServiceNow to establish an AI Innovation Hub in Canada Element AI Co-founder, Dr. Yoshua Bengio, winner of the 2018 Turing Award, will serve as a technical advisor for ServiceNow ServiceNow announced it has signed an agreement to acquire Element AI, it’s fourth recent acquisition in the AI space. Element AI will enhance ServiceNow’s intelligent workflow […]
Data acquired by Finbold.com indicates that direct investments in Special Purpose Companies by Sovereign Wealth Funds (SWF) have spiked by 2,532.35% YOY. As of November 24, 2020, the investment stood at $1.79 billion. In 2019, the figure was $68 million, an increase of 240% from the 2018 investment of $20 million. In 2017, the investment […]
