April, 2025

April, 2025

Stripe Applies for US Banking License to Expand Merchant Acquiring Capabilities
Stripe’s application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter has been accepted by the state of Georgia’s Department of Banking and Finance, bringing the financial infrastructu...

Nvidia- and Google-Backed SandboxAQ Raises $450 Million for Quantitative AI Platforms
SandboxAQ raised over $450 million in a Series E round to support its development of large quantitative models (LQMs) that help enterprises leverage artificial intelligence (AI) to solve scientific a...

Klarna Puts Public Listing on Ice and Signals a Chill Ahead for FinTech IPOs
To get a sense of just how volatile the markets are — and how fragile things will be for FinTechs looking to go public, or for those already trading — Klarna has taken its IPO off the table, three...

Report: EU to Announce Digital Services Act Penalties Against X This Summer
The European Union is reportedly preparing penalties against X that include a fine and demands for changes to the platform. The penalties are expected to be announced this summer and would be the fi...

This Week in AI: Google Replaces Gemini Head, Intel to Develop Non-Core Units
Here are this week’s top news in AI: Google’s Head of Gemini Steps Down Google has replaced the executive in charge of Gemini, Sissie Hsiao, with Josh Woodward, the head of Google Labs who launche...

Tokenization: House Financial Services Committee to Discuss Digital Securities
The House Financial Services Committee, Subcommittee on Digital Assets, Fintech and AI, has scheduled a hearing for April 9, 2025, to discuss tokenization or digital securities. The hearing is entitle...

SEC Division of Corporate Finance Issues Statement on Stablecoins
The Securities and Exchange Commission (SEC), Division of Corporate Finance (CorpFin), has issued a statement on stablecoins. During the last administration, the SEC’s position was that pretty much ...

Younger Canadian Investors Still Seek Human Financial Advisors Despite AI Innovations and Robo Advisory Services – Report
Contrary to predictions that fintech innovations like robo advisors and artificial intelligence (AI) would “diminish the role of human financial advisors,” JDPower data indicates otherwise. Accord...

EY Upgrades Nightfall, a Zero-Knowledge Roll-Up Enabling Private Transactions on Ethereum Blockchain
The EY organization announces it has updated the public domain source code for Nightfall1, a layer-2 roll-up that enables private transactions on the public Ethereum blockchain and the “development ...

Capital Banking Solutions and SIX Group to Enhance Private Banking Digitalization
Capital Banking Solutions, an integrator of banking solutions, is partnering with SIX Group, a key player in financial market infrastructure in Switzerland, providing services in securities transactio...

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B&T Television

July