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UPI to account for 90% of retail digital payments by 2026-27: PwC report

Business Standard - FInance

Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. UPI is projected to account for 90 per cent of the total transaction volume in retail digital payments over the next five years, the report said.

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SEC approves FICC access models and segregated accounts and margin rule filings

The TRADE

The US Securities and Exchange Commission (SEC) has approved the Fixed Income Clearing Corporation’s (FICC) rule filings linked to access models and segregated accounts and margin. We are pleased that the SEC took action to approve FICC’s rule filings related to access models and segregated accounts and margin.

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Hungary seeks housing boost from pensions ahead of 2026 election

Global Banking & Finance

By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s economy ministry proposed on Monday that savings in private pension accounts can be used tax-free for housing purposes as a one-off measure next year as part of wider efforts to boost the economy ahead of a 2026 parliamentary election.

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EIB Group Evaluation Activity Report 2023 and Work Programme 2024-2026

European Investment Bank

The Evaluation function (IG/EV) of the European Investment Bank Group (EIBG) promotes accountability through evidence-based assessments of the Group’s performance and results. In 2023, IG/EV finalised three evaluations and launched four new ones on topics such as EIB Group’s Gender Strategy and its Climate Bank Roadmap.

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05-19-2023 Newsletter: TONIGHT ONLY: $99 Buyside Starter Kit

OfficeHours

If you don’t have an account already, create a free account here and purchase our Buyside Starter Kit with the code BUYSIDESTARTER here. Generally $999, ONLY $99 TONIGHT! Sign up now using the code BUYSIDESTARTER and enjoy $900 OFF for our Buyside Starter Kit! Expires TONIGHT at 11:59PM EST!

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LSEG technology to power Brazilian exchange A5X

The TRADE

“As Brazil’s economy grows and its markets continue to evolve, LSEG will deploy its real-time insights, performance analytics, and market infrastructure expertise to empower A5X in its journey of creating a more robust, innovative and efficient market in Brazil,” said Ron Lefferts, group head of sales and account management at LSEG.

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Buy Nvidia, Broadcom and these other underappreciated AI plays, Goldman Sachs says

CNBC: Investing

"Broadcom also continues to generate steady, growing profitability in its infrastructure software business," Schneider said, adding that AI will likely comprise over 40% of the company's revenue by 2026. " Schneider also likes Cadence, which makes software and hardware for chip design.

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