February, 2025

February, 2025

SBA to Reduce Workforce by 43% and Focus on ‘Core Missions’
The Small Business Administration (SBA) said Friday (March 21) that it will reduce its workforce by 43% and refocus its resources on its “core missions.” The agency will eliminate about 2,700 of ...

AWS, Salesforce Execs See a ‘Fully AI World’ With ‘Limitless Labor’
Executives from AWS, Salesforce and Oracle believe that artificial intelligence (AI) agents will upend the world of work in ways people today might not expect. Consider the following potential future ...

Stablecoin Issuer Tether Says Audit of Reserves is ‘Top Priority’
Stablecoin issuer Tether is reportedly talking with one of the Big Four accounting firms about doing an audit of its reserves. Tether CEO Paolo Ardoino said an audit is “our top priority,” but d...

Chime Adds ‘Instant Loans’ for Pre-Approved Members to Banking App
Chime has launched a product called Instant Loans that enables pre-approved Chime members who receive direct deposits to their Chime Checking Account to access three-month installment loans of up to ...

Reporting BNPL Performance to Bureaus May Broaden Pool of Credit-Worthy Consumers
PYMNTS Intelligence has detailed that consumers opt for buy now, pay later (BNPL) plans because they’re convenient and accessible. More than half of the individuals that we’ve surveyed have said t...

AI Agent Developer Manus Gains Support of Chinese Government
Chinese artificial intelligence (AI) startup Manus, which went viral on X a few weeks ago, is reportedly being promoted by the Chinese government. Manus, which offers a general AI agent that it report...

Making Sense of Public Versus Private Blockchains for Financial Services
When financial institutions and payments players talk about their “blockchain strategy” today, what they’re really grappling with is architecture. Amid the noise surrounding crypto, tokens and W...

Rerun Raises $17 Million for Database Purpose-Built for Physical AI
Rerun has secured $17 million in seed funding as it works to build out its database and cloud data platform purpose-built for the physical artificial intelligence (AI) data and workflows needed for ro...

Checkout.com Reportedly Surpasses $10B in Revenue Unlocked for Enterprise Merchants using AI-enhanced Solution
Checkout.com, a digital payments company, announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, generated over...

Canary Capital Advances SUI ETF with SEC Filing
Canary Capital is advancing the “first” SUI ETF with a newly submitted SEC filing. According to a blog post by the Sui Foundation, the latest development marks significant progress towards “a pu...

March

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March