February, 2025

February, 2025

Amazon to Discontinue Amazon Coins and Amazon Appstore on Android
Amazon said Thursday (Feb. 20) that it stopped offering Amazon Coins and will discontinue both Amazon Coins and the Amazon Appstore on Android Aug. 20. “Starting Aug. 20, 2025, you will no longer ha...

Affirm and Shopify Expand Pay-Later Pact to Canada and UK
Buy now, pay later (BNPL) network Affirm has expanded its partnership with eCommerce infrastructure company Shopify. The renewed agreement, announced Thursday (Feb. 20), makes Affirm the exclusive pay...

Synapse Collapse Reportedly Target of Criminal Grand Jury Probe
A grand jury is reportedly probing criminal conduct at bankrupt FinTech firm Synapse. The grand jury has questioned an executive who sounded alarms before the company’s collapse, The Wall Street Jou...

Together AI Raises $305 Million to Expand AI Cloud Service
Together AI raised $305 million in a Series B funding round to expand its AI Acceleration Cloud that helps developers and enterprises train, fine-tune and run inference for generative artificial intel...

Remitly Reports Q4 $5.7 Net Loss as Revenues Rise
Remitly (NASDAQ: RELY), a payments and transfers Fintech, reported Q4 earnings results yesterday and the company said that it generated “record” revenue of $351.9 million an increase of 33%. At th...

NEXT Insurance Introduces Multi-Location, Single State Coverage for Workers’ Comp
NEXT Insurance, a digital insurtech company transforming small business insurance, announced a new offering to support small businesses with multiple operating locations across a single state, allowin...

SEC Creates New Cyber and Emerging Tech Unit (CETU) to Protect Investors, Counter Bad Actors
The Securities and Exchange Commission (SEC) has created a new Cyber and Emerging Technologies Unit (CETU). This new entity aims to protect investors from bad actors utilizing technology to commit fra...

Payoneer Obtains Regulatory Approval for Acquisition of China-based PSP
Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced that it has received ...

European Bank Leader Worries About US “Deregulation” in the Financial Sector
In an address to the European Parliament, Olli Rehn, First Vice-Chair of the European Systemic Risk Board and Governor of the Bank of Finland, voiced his concerns regarding policy changes in the US as...

AI Not “Silver Bullet” as Compliance Professionals Struggle with Rising Costs and Complexity – Report
Growing levels of financial crime and regulatory “scrutiny” are forcing organizations to step up spending on compliance, but they are “less sold on AI as the standalone solution,” according to...

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B&T Television

February