Feed Items
Thousands of European banking sector workers could face AI-related job losses by 2030.
Artificial intelligence (AI) and branch closures will drive this trend over the next five years and lead to a 10% workforce reduction across the industry, the Financial Times (FT) reported Wednesday (Dec. 31), citing a forecast from Morgan Stanley.
The report adds that the cuts are happening as banks...
American regulators collected 61% less in money laundering/sanction breach fines in 2025.
That’s according to a report Wednesday (Dec. 31) by the Financial Times (FT), which ties this decline to a more lenient approach to financial regulation under the Trump administration.
Total fines levied against companies for what the FT calls “dirty money” offenses came to a little less than $1.7...
Interest in prediction markets has reportedly fueled an increase in FinTech venture funding.
Financial technology companies worldwide raised $55.94 billion from venture groups during 2025, Bloomberg News reported Wednesday (Dec. 31), citing PitchBook data. That’s up 25% from the $44.75 billion the sector earned in 2024.
Prediction markets Kalshi and Polymarket made up $3.71 billion of...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...