The Federal Deposit Insurance Corporation has started to more closely track financial technology companies that partner with banks across the U.S., Bloomberg News reported on Wednesday. An internal database will help FDIC examiners track third parties that work with banks, and anticipate potential vulnerabilities before they become a problem, the report added, citing people familiar […]
Over 60,000 small and medium enterprises (SMEs) in the UK will benefit from a new banking and payments offering following a new partnership between banking group, Lloyds and paytech, PayPoint Group. Merchants can now utilise Lloyds’ services will to further improve how they interact with the PayPoint and Handepay network of merchants. Having been a part of the PayPoint Group since 2021, the […]
The November jobs report is expected to show hiring rebounded last month after hurricanes and a strike by Boeing (BA) workers weighed heavily on the October report. The Bureau of Labor Statistics’ monthly jobs report, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 215,000 in November […]
Donald Trump has named venture capitalist David Sacks as his choice for the newly created role of White House artificial intelligence (AI) and cryptocurrency czar — “two areas critical to the future of American competitiveness,” he wrote in a Truth Social post. Sacks is the co-founder of venture capital firm Craft Ventures and was the […]
Visa, a global leader in digital payments, hosted its first Open Payments Session in the Kingdom, bringing together regulators, subject matter experts, merchants, and financial services representatives to explore best practices and thought leadership shaping the future of payments. The forum focused on the evolving landscape of digital payments, driven by increased smartphone penetration and […]
The European Central Bank (ECB) has published its second progress report on the digital euro’s preparation phase, which was launched on 1 November 2023, and is setting the groundwork for the potential issuance of a digital euro. The digital euro project is a European initiative designed to benefit millions of citizens across the euro area. […]
Salesforce shares were up 9% on Tuesday after the company’s fiscal third-quarter earnings report showed revenue and fiscal fourth-quarter guidance that exceeded analysts’ expectations. Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.41 adjusted vs. $2.44 expected Revenue: $9.44 billion vs. $9.34 billion […]
BlackRock said Tuesday it will acquire HPS Investment Partners for $12 billion in stock, as the world’s largest asset manager looks to grow its presence in the highly popular private credit space. “We have always sought to position ourselves ahead of our clients’ needs. Together with the scale, capabilities, and expertise of the HPS team, BlackRock […]
The cryptocurrency market regained some footing after South Korean President Yoon Suk-yeol reversed his declaration of martial law — less than six hours after imposing it. The declaration was lifted around 4:30 am local time during a Cabinet meeting, per local reports. Around 190 lawmakers in the country’s 300-member parliament voted to reject the martial […]
Crypto exchange Bybit, is launching a new physical Bybit Card in Brazil, following the success of its virtual offering which aims to remove barriers to everyday crypto sending. Bybit users in Brazil can now pre-register interest, with free card issuance on offer for a limited time. The crypto exchange has explained that it continues its mission […]
Back in August, Google said it would be using Gemini large language models to improve Assistant on smart speakers/displays with better responses and a new voice. This is beginning to roll out for some users and commands. Depending on the command, some Nest users are hearing different voices today. (We’re not seeing this on devices […]
A Delaware judge issued an opinion Monday upholding an earlier ruling that voided a $56 billion compensation package, proposed in 2018, for Tesla CEO Elon Musk. Musk’s legal team challenged the January ruling by Chancellor Kathaleen McCormick of Delaware’s Court of Chancery citing, in part, the outcome of a June vote by Tesla shareholders that […]
