CZ Pledges More Tech Investment Upon US Custody Release
Changpeng Zhao (CZ), the former CEO of Binance, is out of prison and vows to increase his investment in technology sectors such as blockchain, artificial intelligence, and biotechnology.
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Stripe Expands Presence in Toronto to Boost Canadian Business Growth
Stripe announced its expansion in Canada with a focus on the new flagship office in Toronto, aiming to accelerate the growth of Canadian businesses.
PayPal Complete Payments Launch in China
‘PayPal Complete Payments’ all-in-one platform will simplify cross-border transactions for Chinese businesses, helping them expand globally.
Fidelity Limits Mobile Deposits as Banks Defend Against Check Fraud
Online check fraud schemes boom forces major US banks to introduce additional security measures such as drastically decreasing limits to mobile deposits as Fidelity recently did.
US Consumer Sentiment Improves
The rise of consumer sentiment continues to be observed in the United States.
Healthcare Fintech Care.fi Raises $955K in Debt Capital
Fresh funding complements earlier Care.fi investments of $2.6 million and fuels fintech’s vision of becoming India’s healthcare-focused Small Finance Bank.
OpenAI Reportedly Sees Roughly $5 Billion Loss This Year
The media reports that OpenAI, one of the largest players in the global technology sector, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, expects losses of about $5 billion in the current year.
Tokyo Electron Plans to Operate in India
Tokyo Electron Ltd. aims to form a team of engineers specializing in chips in India.
Experts Say About AI Chatbots Potential as Cybercrime Tool
HP Wolf Security has recorded the first case when criminals used generative artificial intelligence technologies to write malicious code to distribute a remote access Trojan.
Fintech Firm Chime Reportedly Taps Morgan Stanley to Handle IPO
Media reports that Chime Financial Inc., which specializes in financial technology and focuses on providing free services, has tapped Morgan Stanley to lead its initial public offering (IPO) of shares.
Alphabet to Invest in South Carolina
Business giant Alphabet, which ownership structure includes Google, plans to invest $3.3 billion in South Carolina.
Visa to Acquire Featurespace for Real-Time AI Payment Protection
Visa has agreed to acquire Featurespace to enhance its existing fraud detection solutions, offering real-time AI-based protection against payment fraud and financial crime.
Klarna Grows Its Presence in Physical Stores With Adyen Partnership
Klarna’s flexible payment methods will be available on Adyen’s physical payment terminals across Europe, North America and Australia.
ECB Rate-Cut Bets Jump Amid New Inflation Data
The latest data on the dynamic of the inflationary process in Spain and France have become the driving force behind the intensification of the spread of expectations among investors and economists that the European Central Bank will accelerate the implementation of measures to ease its monetary policy strategy.
PayPal Enables Crypto Payments for Business Accounts
PayPal U.S. business accounts finally receive crypto capabilities similar to those individual consumers have been enjoying for years.
Visa and Mastercard Allegedly Spend Millions to Block Competition
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
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