This Week in Finance News: 11 Stories You Need to See

A roundup of the most newsworthy financial press releases from PR Newswire this week, including updates in the payments, startup and cryptocurrency spaces.

NEW YORK, Oct. 25, 2024 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

    1. PayPal and Global Payments Join Forces to Simplify Checkout with
       FastlaneThis partnership will see Global Payments offer their U.S.
       merchants enhanced PayPal and Venmo branded checkout solutions and
       accelerated guest checkout through Fastlane by PayPal.

    2. The Conference Board Leading Economic Index® (LEI) for the US Declined
       in September"Weakness in factory new orders continued to be a major drag
       on the US LEI in September as the global manufacturing slump persists,"
       said Justyna Zabinska-La Monica, Senior Manager, Business Cycle
       Indicators, at The Conference Board. "Additionally, the yield curve
       remained inverted, building permits declined, and consumers' outlook for
       future business conditions was tepid."
    3. OneAmerica Financial® Launches Asset Care® 2024 The enhanced product
       can help enable clients to cover long-term care (LTC) expenses if they
       need it -- or leave a financial legacy to their loved ones if they don't.
       Solutions delivered with flexibility and care, Asset Care provides
       several benefits that consumers value in today's market with competitive
       pricing, inflation protection and support for informal caregivers.

    4. Thomson Reuters Acquires Materia - a specialist in agentic AI for the
       tax, audit and accounting professionFounded in 2022, Materia is purpose
       built for tax, audit and accounting use cases. Its agentic AI assistant
       automates and augments research and workflows helping accountants to
       improve efficiency, effectiveness and the value they add to their
       clients.

    5. Optimizing Remittance Flows: Central Bank of Nigeria to Participate in
       High-Level Forum in Houston, TexasThis high-level event brings together
       critical stakeholders in the remittance ecosystem to engage with the
       Nigerian diaspora community on opportunities to enhance remittance flows
       and strengthen Nigeria's financial sector. In an era of bold reforms, the
       CBN is prioritizing strategies to leverage diaspora remittances as a
       catalyst for inclusive economic growth, financial inclusion, and overall
       national development.

    6. Rice launches RBL LLC to rapidly create biotech startups focused on
       delivering breakthrough therapies to patientsRice University has launched
       RBL LLC, a pioneering biotech venture creation studio designed to rapidly
       build companies based on life-saving medical technologies developed out
       of the Rice Biotech Launch Pad, the university's biotech innovation
       accelerator.

    7. AI Patents at BofA Increase 94% Since 2022In addition to artificial
       intelligence and machine learning, other technology categories in which
       new patents have been granted to Bank of America this year include
       information security, online and mobile banking, payments, data
       analytics, and augmented and virtual reality.

    8. ECI Group Receives $350 Million Equity Infusion from Almanac Realty
       InvestorsThis new round of equity capital from Almanac will be utilized
       to fund acquisitions, developments, and credit investments within the
       multifamily sector.  ECI will target the acquisition of existing 1990s
       vintage or newer multifamily communities, as well as the development of
       new multifamily communities in the Southeast and Texas.

    9. The Global Digital Asset & Cryptocurrency Association Announces Proposed
       Information Guidelines for Certain Tokens Made Available in the United
       StatesThe proposed Guidelines focus on native distributed ledger
       technology (DLT) tokens and are informed by U.S. securities, commodities,
       and consumer protection regulations as well as industry best practice.
       The framework seeks to align with global standards, including the
       European Union's Markets in Crypto-Assets Regulation (MiCA), ensuring
       flexibility for the adoption within different regulatory regimes.

    10. Chainlink Announces CCIP Private Transactions, Enabling Financial
        Institutions To Compliantly Connect Private Chains to the Multi-Chain
        EconomyChainlink's novel CCIP Private Transactions capability, enabled
        by the new Chainlink Blockchain Privacy Manager, addresses long-standing
        compliance and confidentiality challenges around blockchain
        interoperability, paving the way for broader institutional blockchain
        adoption.

    11. New Insurance Codes for Scalp Cooling Will Transform Access for Cancer
        Patients: A Milestone for Cooler Heads and Partner HospitalsThe American
        Medical Association (AMA), which creates Current Procedural Terminology
        (CPT) codes used for medical billing, has introduced new Category I CPT
        codes for scalp cooling services, effective January 2026. This change
        will enhance insurance reimbursement, making scalp cooling more
        accessible to cancer patients undergoing chemotherapy.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

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