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FINRA Targets Former Synapse Execs in Misconduct Probe Following Fintech’s Collapse
The Financial Industry Regulatory Authority (FINRA) has launched an investigation into allegations of misconduct by former executives of Synapse Financial Technologies Inc., a now-defunct fintech comp...

Amazon Completes Acquisition of Digital Lending Startup Axio
Amazon (NASDAQ:AMZN) has finalized its acquisition of Bengaluru-based digital lending startup Axio, formerly known as Capital Float. As reported by local sources, the deal, completed eight months afte...

Spinwheel Secures Citi Ventures Investment For Agentic AI Credit Data and Payments Platform
Spinwheel, an agentic AI-powered credit data and payments platform, has received a strategic investment from Citi Ventures. The funding will support Spinwheel’s continued go-to-market growth, expand...

Honeywell’s Quantinuum Secures $600M to Enable Quantum Computing Development
Honeywell (NASDAQ: HON) announced a $600 million equity capital raise for its quantum computing subsidiary, Quantinuum, at a pre-money equity valuation of $10 billion. This funding round, one of the l...

Nasdaq to Tighten Oversight on Firms Stockpiling Cryptocurrency
Nasdaq (Nasdaq:NDAQ) is reportedly looking to increase its oversight of companies that seek to bolster their stock prices by raising capital to amass cryptocurrency reserves. This move reflects growin...

Seven Indicted in France Over Kidnapping of Swiss Man for Crypto Ransom
French prosecutors said seven people have been indicted and placed in preventive detention over the kidnapping of a young Swiss man whose captors demanded a ransom to be paid in cryptocurrency. The vi...

Ondo Finance and Alpaca to Tokenize US Stocks and ETFs
Ondo Finance and Alpaca have announced a strategic collaboration to tokenize U.S. stocks and exchange-traded funds (ETFs). In addition to these developments, Alpaca recently introduced OmniSub, a sub-...

Bank of America Supports Financial Wellbeing and AI Enabled Solutions
Bank of America (NYSE: BAC) continues to drive product development in financial services, addressing evolving consumer needs through enhanced employee benefits, cutting-edge AI technology, and tailore...

Decentralized Prediction Markets : Polymarket Sets New Record for Market Creation
Polymarket, a decentralized prediction market platform, has reached a significant milestone by recording an all-time high in new markets created, signaling growth and increasing user engagement. In Au...

AICPA: 74% of Student Loan Holders Worry About Payments
An August survey conducted by The Harris Poll on behalf of the American Institute of CPAs (AICPA) found that 74% of Americans with personal student loans are somewhat or very worried about their abili...