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EU Regulations Spur Brighty Apps Brighty Business Launch in Fintech Expansion

The B2B payments sectors value stands at $1.68 trillion, with digital payments hitting $5.44 trillion in 2020, showing a growing reliance on digital p

The B2B payments sectors value stands at $1.68 trillion, with digital payments hitting $5.44 trillion in 2020, showing a growing reliance on digital platforms. The EUs revised regulations for B2B payment providers aim to safeguard small businesses. Amid this, Brighty App launched Brighty Business, a digital banking and cryptocurrency payment platform, catering to evolving financial transaction needs. It targets businesses, offering services for digital assets, and bridging gaps where traditional institutions lag. The platform provides varied services, including payment operations, riskchecking, and competitive exchange rates, serving both B2C and B2B sectors with virtual and physical companyowned debit cards. Feedback from pilot testing and user interviews guides ongoing improvements. Read More..

B2B Tech News | 1 years ago        

FDA Alerts Philips Shares Plummet Over Sleep Apnea Device Safety Concerns

Philips PHG.AS witnessed an over 6% decline in shares post an announcement by the U.S. FDA highlighting a fresh safety concern in their machines used

Philips PHG.AS witnessed an over 6% decline in shares post an announcement by the U.S. FDA highlighting a fresh safety concern in their machines used for obstructive sleep apnea treatment. This follows a previous global recall due to foamrelated toxicity concerns in respirators for sleep apnea. The new issue involves the heating element in the "DreamStation 2" sleep therapy device, prompted by Philips internal review of 270 complaints over three years. Despite the successor machine using silicon instead of foam, reports of thermal issues led to FDA alerts, impacting over a million units in the market. Read More..

B2B Tech News | 1 years ago        

Barclays, Starling Bank Under Scrutiny as UK Refunds $1.8B for Fraudulent Loans

The UK government refunded banks $1.8 billion, up from $810 million in 2022, for fraudulent pandemic loans to small businesses, raising concerns amid

The UK government refunded banks $1.8 billion, up from $810 million in 2022, for fraudulent pandemic loans to small businesses, raising concerns amid banks managing £77 billion in emergency loans. Opposition criticizes rapid support program implementation, notably the Bounce Back Loan Scheme BBLS, where about 3.75% of loan values are suspected as fraudulent. Barclays observed a rise from 2.3% to over 6% in potentially fraudulent loans, while Starling Bank faces scrutiny over a similar percentage of its £1.6 billion BBLS loans. In contrast, the largerscale Coronavirus Business Interruption Loan Scheme CBILS shows a minimal £50 million flagged for fraud among its £25.8 billion, offering a more reassuring outlook compared to BBLS challenges. Read More..

B2B Tech News | 1 years ago        

NZDD by Easy Crypto, Labrys Aims for Stability Amid Digital Asset Challenges

Easy Crypto, New Zealands largest noncustodial digital asset exchange, collaborated with Labrys, an Australian blockchain company, to introduce NZDD o

Easy Crypto, New Zealands largest noncustodial digital asset exchange, collaborated with Labrys, an Australian blockchain company, to introduce NZDD on the Ethereum blockchain. Their goal is to expand to various chains, including Coinbases Base blockchain. CEO Janine Grainger highlights the challenges hindering digital asset adoption—volatility and complexity. NZDD addresses volatility, providing New Zealanders with a stable store of value. Grainger emphasizes the significance for businesses seeking digital assets for crossborder payments to benefit from low fees without volatility drawbacks. While not the first Kiwi dollarpegged stablecoin—Techemynt launched $NZD in 2021—its availability on Dasset exchange was affected by the 2022 DFX Finance hack, leading to Dassets liquidation. Read More..

B2B Tech News | 1 years ago        

Business Shutdowns Decline Stats SA Reports 136 Closures in October

Stats SA reported 136 business closures in October, 120 voluntary and 16 compulsory. Total liquidations in 2023 hit 1,376. Despite a 13.4% decrease in

Stats SA reported 136 business closures in October, 120 voluntary and 16 compulsory. Total liquidations in 2023 hit 1,376. Despite a 13.4% decrease in October 2023 compared to 2022, overall liquidations fell by 13.0% in the years first ten months. The unclassified sector led Octobers closures with 44, followed by finance, insurance, real estate, and business services 38. Economic indicators in October, like the Absa Purchasing Managers Index drop, suggested a challenging month despite reduced power outages, hinting at ongoing supply issues and weakened consumer demand. Read More..

B2B Tech News | 1 years ago        

WLTH Fintechs Loan Book Surpasses $1.5 Billion After Mortgage Mart Acquisition

Brisbanes WLTH fintechs loan book exceeds $1.5 billion after acquiring Mortgage Mart, consolidating its nonbank lending status. A $14 million funding

Brisbanes WLTH fintechs loan book exceeds $1.5 billion after acquiring Mortgage Mart, consolidating its nonbank lending status. A $14 million funding round, supported by Rajomon and Kina Bank, aids WLTHs expansion. Leveraging WLTHs tech, Rajomon and Kina seek AsiaPacific growth. Funds boost WLTHs working capital, fueling digital lending and ecoinitiatives. WLTH pledges Australian coastline cleanup via partnerships, aligning with Mortgage Marts and founders Brodie and Drew Haupts vision. Haupt emphasizes Mortgage Marts expertise complementing WLTHs digital strategy, noting its $1 billion+ loan portfolio. Read More..

B2B Tech News | 1 years ago        

PSB Workers Anticipate 15%20% Pay Surge, FiveDay Work Week on Horizon

PSB workers are poised for a substantial pay increase of 15%20% and a shift to a fiveday work schedule by midDecember, as the 12th bipartite settlemen

PSB workers are poised for a substantial pay increase of 15%20% and a shift to a fiveday work schedule by midDecember, as the 12th bipartite settlement discussions near conclusion among bank unions, associations, and the Indian Banks’ Association IBA. Remarkably, talks suggest a commencement of the wage hike at 15%, potentially reaching 20%. The unveiling of the shorter work week might align with the wage hike announcement or closely follow. Negotiations continue post the November 2022 wage agreement expiry, aiming for a revised pact affecting both salaries and workdays, extending to regional rural banks. The final agreement is set for mutual signing and subsequent approval by the finance ministry. Read More..

B2B Tech News | 1 years ago        

Netweb Technologies and NVIDIA Partner to Boost Indias AI Infrastructure

Netweb Technologies India Ltd. joins NVIDIA in manufacturing the Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs. Their Tyrone

Netweb Technologies India Ltd. joins NVIDIA in manufacturing the Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs. Their Tyrone AI systems will offer over ten server variations, targeting diverse AI applications, aligning with Indias tech growth. The collaboration focuses on HPC, data science, language models, edge computing, and supports MakeinIndia goals. Netwebs servers, built on NVIDIAs MGX design, ensure future upgrades for various workloads, praised by Sanjay Lodha for aiding generative AI. NVIDIAs Vishal Dhupar sees this as a costeffective solution for enterprises AI infrastructure needs, contributing to Indias tech ecosystem. This partnership marks a vital step in empowering India and the AsiaPacific in AI innovation. Read More..

B2B Tech News | 1 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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