Sorbet Launches On-Demand PTO Cash Advance Solution
“With rising prices and a looming recession, Sorbet helps employees by unlocking extra compensation that they wouldn’t be able to access otherwise,” says the company
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Experts Say ChatGPT to Fuel $1.3 Trillion AI Market by 2032
The release of generative artificial intelligence systems that are focused on solving problems, and satisfying various groups of consumer needs, for example, ChatGPT from OpenAI and Bard from Google will ensure a high level of development of the generative AI market over the next decade and will bring its financial volume to $1.3 trillion by […]
Google Wallet Adds Support for QR-Based Cards and Insurance Cards
Google on Thursday, June 1, announced the Google Wallet update.
JPMorgan Debuts B2B Payments Marketplace
JPMorgan Chase has provided business customers with expanded access to its $9.6 trillion payment network.
US Passes Bill to Avoid Default: What to Expect?
The US House finalized a bill to suspend the debt ceiling on Wednesday, just days left before the country was expected to default. What comes next for the national debt and financial markets?
Tether Recovers All Value After 2022 Crash
Stablecoin Tether Holdings Ltd. restored the entire market value of about $20 billion.
UK Neobank Monzo Records First Monthly Profits
British neobank Monzo said that it managed to achieve profitability.
Meta Seeks to Force FTC Into Court to Change Privacy Settlement
Meta Platforms has appealed to a federal court to deprive the Federal Trade Commission (FTC) of the opportunity to move forward as part of the agency’s procedure to review its confidentiality agreement reached in 2020.
MiCA Now Officially Signed into Law
EU officials have signed the Markets in Crypto-Assets (MiCA) bill into law following final approval from finance ministers
Kasisto Introduces Banking-Specific LLM KAI-GPT
The KAI-GPT large language model (LLM) is designed to address the banking industry’s unique needs for accuracy, transparency, trustworthiness and customization
Currency One Announces Appeal Against Non-Final Judgement
A court case pending since October 2013, on the charges against Currency One SA brought by Cinkciarz.pl ended with the decision of the District Court of Poznan, which has not yet entered into force.
SEC Hits Former Wells Fargo Community Bank Lead With $3 Million Fine
In the United States, the Securities and Exchange Commission on Tuesday, May 30, announced an agreement with the former head of the Community Bank Wells Fargo & Co. Carrie L. Tolstedt.
MAS and Google Cloud Collaborate on Generative AI
The Monetary Authority of Singapore (MAS) established a partnership with Google Cloud to explore potential formats for the use of generative artificial intelligence.
HSBC Launches ESG Index
HSBC has launched a global index that uses artificial intelligence to assess the improvement of the company’s ESG indicators and their potential in terms of the possibility of influencing the growth of financial dynamics.
Baidu Creates $140 Million Fund to Back ChatGPT-Like Startups
Baidu Inc. has created something like a fund to finance Chinese startups that specialize in research in the field of generative artificial intelligence.
UAE and Hong Kong Strengthen Financial Cooperation
The Central Banks of the United Arab Emirates (UAE) and Hong Kong held a bilateral meeting to enhance collaboration between the two financial services sectors, including cooperation on virtual asset regulations
