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BNPL Trade Group Sues CFPB Over ‘Impossible’ Disclosure Rules
The suit filed last week seeking to stop a new rule from the Consumer Financial Protection Bureau (CFPB) governing buy now, pay later (BNPL) loans has a number of what, to some observers, might be arg...
Stripe acquires stablecoin platform Bridge for $1.1 billion
Payments giant Stripe has acquired stablecoin platform Bridge for a total amount of $1.1 billion, more than 5x its $200 million valuation, according to an Oct. 21 annnouncement. The acquisition is par...
The API Effect: Creating a Real-Time Reality for Finance Teams
Nothing slows down the free flow of commerce and payments more so than manual intervention. And with the news Sunday (Oct. 20) that Bank of America now allows companies to lock in foreign exchange (...
Procurement Startup Zip Valued at $2.2 Billion After $190 Million Funding Round
Procurement startup Zip secured $190 million in Series D funding, increasing its valuation to $2.2 billion (up from $1.5 billion in 2023). The investment is one of the largest in procurement technolog...
The $1M Question: Is Elon Musk’s ‘Petition’ Drive Actually Legal?
Remember a few weeks ago when Elon Musk misleadingly claimed that George Soros was secretly “buying a propaganda machine to influence how you think”? Can you imagine the kind of shitstorm that wou...
Chainlink Partners with Financial Giants to Create AI Blockchain Record of Corporate Data
Chainlink has announced a major AI initiative in partnership with financial institutions like Franklin Templeton, Swift, and Euroclear. The initiative aims to use AI to aggregate corporate data onto a...
Northern Data embraces AI boom, mulls ditching Bitcoin mining roots
Europe’s largest Bitcoin miner, Northern Data, is exploring the potential divestment of its mining division, Peak Mining, as part of a strategic shift to focus entirely on its rapidly growing AI Sol...
Cosmos (ATOM) Dominates Market Gains as Open Interest Hits Four-Month High
Cosmos’s native token ATOM has emerged as the top performer in the cryptocurrency market, with its price surging by nearly 10% in the past 24 hours.  This uptick in ATOM’s price has been accom...
Santander Brings Digital Banking Platform Openbank to the US
Santander’s digital banking platform, Openbank, is now officially live in the United States. According to a Monday (Oct. 21) press release, the launch marks a significant expansion of Santander’s ...
Earnings Season Shows Consumer Pressures on Auto Loan Payments
Earnings reports this season, particularly from banks, have taken note of the resilience in consumer spending, especially on debit and credit cards, in various areas of discretionary activity, includi...
Newswire > Tag: finance
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