On Tuesday, Singapore’s central bank stated, it has received 21 applications for digital bank licenses which includes 7 licenses for retail banking while the balance is for wholesale bank licenses. The development marks Singapore’s biggest liberalization of its banking sector in two decades as it pushes to bring about online-only banks which will have lower…
Electric scooter maker Superpedestrian said in a statement that it has raised $20 million for its diagnostic software that can spot impending hardware failure – an area that is of major concern for scooter operators. Although electric scooters have become a popular mode of transport in many cities, with the vehicles breaking down in a…
The digital goodwill impairment does not however impact its cashflow. On Friday, Swedish mobile network equipment maker Ericsson stated it may have to cash-in on a goodwill impairment in its struggling media and digital services businesses. Although the move may potentially hit its operating income, its cashflow however has been safeguarded. Ahead of the roll-out…
Later today, GE and Microsoft are set to announce a deepening of their partnership revolving around GE’s industrial internet platform and Microsoft’s Azure cloud platform. As a result, GE will be in a better position to tap the vast majority of industries who use Microsoft’s software. A senior executive from GE has disclosed that…
business-gurus.com 