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Ever since he was a child, Alex Kachkine has been fascinated by paintings. He would visit museums and was drawn in by the visual art depicted in landscapes, historical figures and religious scenes.
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“Anytime I visit New York City, the first place I go to is the art gallery,” Kachkine said in an interview with PYMNTS. “It’s been a lifelong passion of mine.”
Such adoration...
BVNK and Bitwave have partnered to help enterprise finance teams send and receive stablecoin invoice payments.
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This collaboration integrates BVNK’s embedded stablecoin wallets and Bitwave’s SOC-compliant tax, accounting and compliance platform, the companies said in a Tuesday (July 15) press release.
This combination will enable Bitwave customers to use BVNK’s wallets...
PhotonPay has added a physical Mastercard Commercial Credit Card to its portfolio of global payment solutions.
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With this card added to its global digital financial infrastructure, PhotonPay offers global businesses a unified payment experience across both online and offline channels, the company said in a Tuesday (July 15) press release.
The card is likely to be used by...
Citi and Ant International are piloting a jointly developed, artificial intelligence-enhanced foreign exchange (FX) risk management solution designed for use by businesses that sell through eCommerce channels.
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The initial use case for the solution is the aviation industry, and an airline that is testing it has seen a cost reduction in its fixed FX rates hedging program...
Consumer sentiment inched up in July to reach its highest level in five months, though it remained below its December reading and its historical average, according to preliminary results from the University of Michigan’s Surveys of Consumers.
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The survey found that consumer sentiment rose by one index point but remained 16% below December.
Consumers’ assessments of short...
It finally happened. On Friday (July 18), at a White House Ceremony, U.S. President Donald Trump signed into law the country’s first-ever piece of crypto legislation, the GENIUS Act.
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In response to the regulatory momentum that appears poised to reshape the future of digital assets in America, crypto markets have soared to an all-time-high, surpassing $4 trillion for the...
The United Kingdom’s Financial Conduct Authority proposed new protections for buy now, pay later borrowers that would take effect when BNPL comes under the regulator’s remit on July 15, 2026.
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The proposals would require lenders to check that people can afford to repay BNPL loans, require them to offer the borrowers support if they get into financial difficulties, and...
American Express isn’t waiting for the economy to make up its mind. It’s already betting cardholders will keep spending even as headlines wobble from “soft landing” to “hard stop.”
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That bet was on full display during the company’s Q2 earnings call Friday (July 18), where the company announced record revenue, a bullish outlook for the rest of the year and a few notes of...
Fortunes are being spent in artificial intelligence (AI), with Perplexity, Thinking Machines and Anthropic attracting billions from investors. Meanwhile, Google, Meta and Blackstone have pledged to spend billions building AI data centers. Here is this week’s top news.
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Leading AI Startups Net Billions in Fundraising
AI search startup Perplexity is now worth $18 billion...
Meta will not sign the European Commission’s code of practice for general-purpose AI models, Chief Global Affairs Officer Joel Kaplan said in a Friday (July 18) post on LinkedIn.
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“This Code introduces a number of legal uncertainties for model developers, as well as measures which go far beyond the scope of the AI Act,” Kaplan wrote in the post.
Kaplan added that more...