Omni Raises $69 Million
Omni closed a Series B funding round worth $69 million this month.
News - page 23
Fortis to Expand Embedded Payments Offerings
Fortis will step up efforts to expand its embedded payments offerings after securing a joint investment from Audax Private Equity and existing investor Lovell Minnick Partners (LMP).
BNY Reportedly Deepens Relationship With Stablecoin Company Circle
The media published information according to which BNY is handling additional services for Circle.
MoonPay Acquires Iron
Crypto payment giant MoonPay is expanding its push into the enterprise market as a result of the acquisition of Iron, an API-first stablecoin infrastructure startup.
MGX Pledges to Invest $2 Billion in Binance
Emirati state-owned investment company MGX announced $2 billion in financial injections into Binance, which was the cryptocurrency exchange’s first institutional investment and the single largest investment in the virtual currency sector.
SoFi Seals Up to $5 Billion Loan Agreement
SoFi has finalized an agreement with Blue Owl Capital worth at least $5 billion.
Worth Raises $25 Million
Automation-focused fintech platform Worth raised $25 million in new funding.
Corsair Capital Acquires Stake in Platform IDnow
Investment company Corsair Capital has acquired a majority stake in the German IDnow identity verification platform.
Lowe’s Launches Virtual Assistant Mylow
Lowe’s introduced a virtual home improvement assistant powered by artificial intelligence.
Banking Giants Warn New AI Risks
Goldman Sachs, Citigroup, JPMorgan Chase, and other Wall Street companies have warned investors about new risks associated with scaling artificial intelligence using practices, including software hallucinations, employee-morale issues, AI leverage by cybercriminals, and the impact of changing laws around the world.
ServiceNow to Acquire Moveworks
ServiceNow powerful agentic AI and automation capabilities, combined with Moveworks front-end AI assistant and enterprise search technology, will help speed up the adoption and innovation of AI in businesses.
Mastercard Explains How Gaming Reinvents Loyalty Programs
As businesses are struggling to retain customer loyalty, Mastercard suggests gaming might offer some solutions.
Visa Says About Results of Its Anti-Fraud Unit Activity
Visa said that its anti-fraud disruption department saved potential victims of scammers $350 million last year.
US Budget Deficit Increases
The United States’ debt and budget deficit problem worsened during President Donald Trump’s first month in office.
Canada to Impose Retaliatory Tariffs on US Goods
Canada on Wednesday, March 12, said it would impose 25% tariffs on US goods worth more than $20 billion.
EU Launches Countermeasures Against US Metals Tariffs
On Wednesday, March 12, the European Union launched countermeasures against the United States tariffs on metal imports, announcing its intention to enact its own levies on American goods worth up to 26 billion euros ($28.3 billion).
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