Increase, the banking infrastructure and API provider used by Gusto, Ramp and Stripe, has launched Increase Bank, an FDIC-member banking institution designed to provide technology companies with programmable banking infrastructure.
Although Visa, Mastercard, SWIFT, and other payment infrastructure providers have not announced firm migration deadlines, governments are beginning to establish them. The U.S. federal government’s goal of transitioning critical cryptographic systems by around 2030 is widely viewed as an important benchmark that could influence planning across the broader financial services ecosystem, including payment networks, PSPs, […]
August 2, 2026 was expected to be the EU AI Act’s largest compliance deadline. It was not. Here’s what’s happening to Europe’s most wanted regulation on artificial intelligence.
USDC merchant adoption in the United States is shifting from isolated pilot programs to infrastructure-level integration. Adoption remains early-stage compared with card payments, but the mechanics of accepting the stablecoin have changed substantially over the past year. Merchants no longer need to build separate crypto integrations. USDC is increasingly available as a native checkout option […]
Amazon’s investment in custom silicon is quickly turning into one of the company’s most important growth engines. In the wake of its latest earnings report, the company revealed that its custom chip portfolio, including Trainium AI accelerators, Graviton CPUs, and Nitro networking processors, has now exceeded a $20 billion annual revenue run rate.
Bringing Together Banking, Payments, Fintech, and Technology Leaders to Shape Canada’s Payments Future
BNY Mellon has launched a blockchain-based transfer agency platform that will record fund transactions and investor ownership onchain. The initiative covers a business that services approximately $8.6 trillion in assets across 7.6 million investor accounts, significantly expanding blockchain’s role beyond pilot projects.
Oops, AI did it again… Anthropic, the artificial intelligence company behind the Claude family of large language models and popular AI chatbot, has disclosed that its AI model gained unauthorized access to the systems of three real organizations during cybersecurity testing after a configuration error accidentally exposed supposedly isolated test environments to the public internet. […]
Apple and Amazon both topped Wall Street estimates in their latest quarterly reports, released within hours of each other on July 30. But the two companies got there in very different ways: one through hardware demand, the other largely through a paper gain on an AI investment.
Revolut, the online bank from the UK, is giving its more than 75 million customers free access to the subscription of ChatGPT Go, which is usually priced at £7 a month.
North America’s 7th Edition Agentic Automation in Finance Summit Canada Launches in Toronto, Bringing Together Leaders Shaping the Future of AI-Powered Financial Services
As Apple and Amazon get ready to disclose their quarterly profits following the closing of the markets this Thursday, investors are looking at more than just the revenues earned and the profits made. The outcomes will help wrap up the most recent Big Technology earnings season while influencing the continuation of Wall Street’s willingness to […]
Morgan Stanley Investment Management has quickly outrun all the disadvantages it might have had as a crypto latecomer, with it new cryptocurrency staked ETPs.
The Bureau of Economic Analysis publishes the Q2 GDP advance estimate and the June Personal Consumption Expenditures (PCE) price index at 8:30 a.m. ET today, according to BEA’s official release schedule. The data release timing is less than 24 hours behind Wednesday’s Federal Open Market Committee decision to hold the federal funds rate at 3.50%-3.75%.
Visa is eliminating approximately 2,600 positions, or about 7% of its global workforce, in a restructuring move. The payment company’s CEO Ryan McInerney outlined it in a staff memo sent Tuesday, July 28. The cuts will primarily affect the technology and product teams.
On July 29, Federal Open Market Committee has voted on the federal funds rate with a ratio of 9-3 in favor of maintaining the rate within the 3.50%-3.75% range. This was the first time Federal Open Market Committee Chair Kevin Warsh had to face dissenters since he took office. The opposition has come from three […]
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