HSBC Launches Startup and Tech-Focused Innovation Banking Unit
HSBC rebrands and expands previously acquired SVB UK as the HSBC Innovation Banking unit to provide banking services to the startup, investor, and broader tech community
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Nigerian SEC Targets Binance Following the US Suite
Binance is facing legal troubles in Nigeria a few days after the US SEC took legal action against the world’s largest cryptocurrency exchange
a16z Crypto Expands to UK
A “predictable business environment” is one of the main factors behind a16z crypto decision to expand to the UK
OpenAI CEO Calls For Global Cooperation to Regulate AI
Sam Altman, CEO of OpenAI, during a visit to South Korea on Friday, June 9, called for coordinated international regulation of the process of development and dissemination of generative artificial intelligence.
Nike Renews Relationships With Retailers in Shift From D2C Focus
Nike products will be available again in the warehouses of designer shoes.
Meta to Appeal Kenya’s Court Decision
Meta plans to appeal the Kenyan court’s decision, according to which the company received the status of an employer of moderators of content published on the platforms of the technology giant in sub-Saharan Africa.
SoFi Debuts Student Loan Tool
SoFi presented a financial instrument through which consumers can repay student loans and at the same time save money for retirement.
B2B BNPL Provider Hokodo Acquires European Payments License
The B2B service provider Buy Now, Pay Later (BNPL) Hokodo has acquired a license, the presence of which grants the right to operate in all European financial markets.
Mark Zuckerberg Shares AI Products to Reassure Workers of Strategy
The chief executive officer of Meta Platforms, Mark Zuckerberg, tried to reassure the company’s employees about the prospects for implementing the current development strategy of the technology giant, which provides for the concentration of significant forces and resources on activities related to the introduction of artificial intelligence.
Plaid Adds ID Verification Across Platforms
Enhanced verification features from Plaid enables previously verified users to sign up for additional digital finance apps without proving their ID over and over again
BNY Mellon Partners With MoCaFi on Payments to the Unbanked
The new service from BNY Mellon Partners and MoCaFi is designed for federal, state and local governments and corporations looking to reach those who are unbanked or underbanked
Stakes Get Higher in SEC vs Ripple Case
As SEC is suing more and more high-profile crypto exchanges, all eyes are on the long-lasting Ripple case again
FCA Introduces Crypto Advertising Limits
The UK Financial Conduct Authority (FCA) is going to introduce tougher rules for the marketing of crypto assets, designed to ensure those who buy crypto understand the risk
Apple Cash Adds Recurring Payments
Apple Cash users will be able to set up weekly, biweekly, or monthly payments from its Apple Cash digital card
AI Firm Cohere Raises $270 Million
The startup Cohere, which is engaged in developments in the field of artificial intelligence, has raised investment funds in the amount of $270 million from venture capital and strategic investors, including Oracle Corp. and Nvidia Corp.
EU Approves €8 Billion State Subsidies for Chip Research
In the European Union, it was decided to provide state subsidies in the amount of $8 billion to support research projects in the field of semiconductors.
