BNY Mellon’s new solution leads the digital Bill-pay revolution
BNY Mellon has announced that it has launched a first-of-its-kind real-time electronic bill (e-bill) and payment solution. Displacing the inefficient and antiquated process historically used to handle the majority of the 15 billion bills paid in the U.S. annually. This pioneering capability enables U.S. businesses to present digital bills to their consumer clients in real-time […]
Oracle launches Arm-based cloud computing service using Ampere chips
Oracle Corp launched a cloud computing service powered by data center chips from Ampere Computing based on technology from Arm Ltd, the second major cloud company to offer an Arm-based service after Amazon.com’s Amazon Web Services. Cloud providers are some of the biggest buyers of chips. This is because they rent out the computing power […]
ECB to keep policy loose this year despite high inflation risks
The European Central Bank will not change the total size of its asset purchase program at its June 10 meeting. But it will start tapering its pandemic purchases later this year. They also showed inflation risks to the upside, according to a recent poll data. In recent weeks, with an economic recovery underway and price […]
UK mortgage lending slumps in April over stamp duty uncertainty
British mortgage lending slumped in April because of the government’s decision to prolong a tax break on property sales came too late to influence buyers that month. But housing market activity looks on course to rebound. This is shown by the Bank of England data. Net mortgage lending by British lenders slumped in April to […]