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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. In addition, government entities have become interested in “stablecoin” technology. On the heels of the U.S. Kathryn Haun predicted that cash is on its way out.

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Andreessen Partner Predicts More Libra-Type Crypto Efforts

PYMNTS

Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. The company raised $350 million in 2018 for startups working on the blockchain technology underpinning digital coins.

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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Financial institutions standing in 2030 will have completed a significant and gut-wrenching transformation of their leadership talent. Think about the quality of candidates that top tech companies, Wall Street investment banks and Big 4 management consulting firms recruit. And, quite frankly, they’re struggling.

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‘Ghost’ Kitchens Take A Bigger Role In Food Delivery

PYMNTS

As restaurants continue to wrestle with the questions that come with food delivery — how to make enough money, whether to work with third-party operators, how to manage customer relationships — a new factor is gaining significance. million in fresh capital, a funding round that comes after one in May that brought it about $7.9

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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

This decade-long crisis touches banks’ products, technologies, people, processes and the political climate. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. In an article titled Is the Banking Crisis Over? 2) Zombie cores.

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How Saudi Arabia Is Hedging Against An Oil-Less Future

CB Insights

Investing in EV companies, in addition to companies pioneering technology in alternative energy, helps the country hedge against its oil export business. As part of the plan, PIF is planning to reach $2T in assets under management by 2030, up from an estimated $250B currently. NOMADD’s solar panel cleaning technology.

Arizona 64
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Executives Brace For AI To Fuel Gig Economy Boom

PYMNTS

It’s a tale as old as technological innovation: Humans fear that robots will one day overtake their jobs. Nearly 70 percent predict that one day, the word “workforce” will come to mean both human and robotic capital. The Gig Economy Impact. There are a few ways that could happen.

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