277 articles
Intuit introduced new and expanded financial intelligence tools designed for the nonprofit, manufacturing and construction sectors, the company said in a Tuesday (Oct. 27) press release. Intuit added these industry-specific,…
It’s been a busy week so far for blockchain company Ripple. In the past day, the company has received regulatory permission to begin operating its own bank, Ripple National Trust Bank,…
Hyphenate, a company that develops artificial intelligence agents for finance departments, raised $45 million in new funding, Bloomberg reported Tuesday (Oct. 27). The new financing will allow Hyphenate to deepen…
British regulators are reportedly reviewing Revolut’s process for approving new products. The Bank of England’s Prudential Regulation Authority (PRA) issued what is known as a section 166 earlier this year…
Backbase has introduced a tool that pairs banking teams with specialized artificial intelligence (AI) agents. The banking operating system provider’s Delivery Factory lets a bank’s delivery team work with AI agents “from the…
Truist is seeking a buyer for specialty lender Afco Credit as the bank sharpens its focus on banking operations, Bloomberg reported Monday (Oct. 26), citing unnamed sources. Afco handles insurance…
DoorDash could finalize a deal to acquire Instacart as soon as this week, the Wall Street Journal reported Monday (Oct. 26), citing unnamed sources. The companies are in advanced talks on a potential acquisition…
DoorDash could finalize a deal to acquire Instacart as soon as this week, the Wall Street Journal reported Monday (Oct. 26), citing unnamed sources. The companies are in advanced talks on a potential acquisition…
OpenAI is rolling out GPT-6.1 Terra, a new artificial intelligence (AI) model that costs half as much as two of its other models and is practical for automating high-volume work…
Three analysts remain bullish on Meta after the company announced plans to raise $95 billion through equity financing, though they raised questions about the company’s growing investments in artificial intelligence (AI),…
The Federal Trade Commission and 20 states sued Dollar General Monday (Oct. 26), alleging that the retailer routinely overcharges customers and has done so for years. The complaint alleged that…
Citi’s new program that offers higher savings rates to reward clients who deepen their relationship with the bank went live Monday (Oct. 26). When announcing the program, Premium Boost, in a Sept. 24 press…
A federal appeals court has upheld a lower court ruling striking down the Federal Reserve’s 21-cent cap on debit card interchange fees. This latest decision was handed down Monday (Oct.…
A federal appeals court has upheld a lower court ruling striking down the Federal Reserve’s 21-cent cap on debit card interchange fees. This latest decision was handed down Monday (Oct.…
Canada began a 60-day consultation period on draft stablecoin regulations, CoinDesk reported Monday (Oct. 26). The regulations uphold a ban on yield payments and require nonbank issuers to keep their…
Days after issuing the final rule to implement the GENIUS Act, the Office of the Comptroller of the Currency (OCC) encouraged community banks to develop payment stablecoin capabilities. “The OCC wants community banks…
Cryptocurrency company RedotPay is considering filing for a confidential initial public offering in the United States by the year’s end, Bloomberg reported Monday (Oct. 26). Hong Kong-based RedotPay, which offers…
Blockchain company Ripple has announced new capabilities for its treasury product. The updated Ripple Treasury allows businesses to manage cash, payments and liquidity around the clock, the company said in…
Mastercard has launched a creator-focused partnership with YouTube superstar MrBeast. This effort will see Mastercard and MrBeast’s Beast Industries collaborate on new consumer and creator co-brand card programs, experiences and…
Microsoft will offer buyouts to 60,000 workers on select teams, generally ones that are not involved with data centers, sales or marketing, Bloomberg reported Monday (Oct. 26), citing a Microsoft…
Walmart has announced what it calls “three major holiday shopping events” for Black Friday and Cyber Monday. “Walmart research shows that 60% of shoppers say the price of gifts and…
Elavon has joined the SAP PartnerEdge program and plans to embed its payments capabilities into SAP applications, the company said in a Monday (Oct. 26) press release. The planned integration with SAP Digital Payments Add-On and Open Payment Framework will help…
Meta is planning to raise $95 billion to support its artificial intelligence (AI) efforts. The tech giant announced its fundraising plans Monday (Oct. 26), saying it planned to raise $35 billion in underwritten…
Anthropic filed for a proposed initial public offering Monday (Oct. 26) without setting a price range. The artificial intelligence startup filed its Form S-1 with the Securities and Exchange Commission.…
