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The Office of the Comptroller of the Currency (OCC) has terminated a 3-year-old enforcement action against Anchorage Digital Bank, the first federally chartered cryptocurrency-focused bank.
The April 21, 2022, consent order addressed the bank’s failure to adopt and implement required Bank Secrecy Act and anti-money laundering measures, the OCC said in a Thursday (Aug. 21) press release...
OpenAI’s ChatGPT took the world by the proverbial storm when it debuted in 2022, becoming synonymous with artificial intelligence (AI) in the public eye.
So it might come as a surprise that OpenAI’s AI models—ChatGPT is the chat interface atop AI models such as GPT-5—is not the one most companies use when they’re deploying AI in their operations.
The surprising winner? Claude from...
Policy, claims, risk and analytics platform Klear.ai is teaming with payment automation provider Carepay.
This partnership is designed to embed Carepay’s insurance-industry focused digital disbursement technology into Klear.ai’s claims solution, letting organizations issue payments via ACH/EFT, virtual card, or check without switching systems, the companies announced Thursday (Aug. 21...
U.K. banks are reportedly working harder than ever to gain the business of Generation Z consumers while also finding that these consumers are less brand loyal than older ones.
Banks have offered sign-on bonuses and other incentives to draw new customers, referral incentives to encourage friends and family to send Gen Z consumers to the bank, and kids’ accounts to build brand loyalty...
Zum Rails is launching a suite of Mastercard-powered prepaid card programs in Canada.
“These reloadable cards will enable businesses to offer seamless expense management, faster wage access, consumer rewards, and real-time disbursements and spending flexibility, empowering the business and their customers to control funds with speed, security, and precision,” the instant payments/...
Last week, Amazon announced a major expansion of its same-day grocery delivery.
The company said it would now offer perishable groceries in 1,000 U.S. cities, with plans to more than double that number by year-end, while also lowering the price threshold for free deliveries for Prime members.
But as The Wall Street Journal (WSJ) argues in a report Thursday (Aug. 21), these moves don’t...
Klarna secured a warehouse financing facility with Santander that provides a total funding capacity of up to 1.4 billion euros (about $1.6 billion).
This marks the company’s first such facility with Santander as the sole lender and helps Klarna diversify its funding sources and support its growth, according to a Thursday (Aug. 21) press release.
“This is a key pillar of our growth...
Legal practice management platform Centerbase has launched a partnership with financial infrastructure provider Stripe.
This collaboration, announced Tuesday (Aug. 19), has yielded Centerbase Payments an embedded payment processing solution for mid-sized law firms.
“With Centerbase Payments, powered by Stripe, we’re transforming how law firms handle one of their most essential...
The number of Americans who have filed a continued claim for unemployment benefits has reached its highest level since Nov. 6, 2021.
Insured unemployment reached 1,972,000 during the week ended Aug. 9, a figure that was 30,000 higher than the previous week’s level and the highest since the 2,041,000 recorded on Nov. 6, 2021, the Department of Labor said in a Thursday (Aug. 21) press...
Google is bringing more advanced agentic artificial intelligence (AI) capabilities to its search tool.
These capabilities, announced Thursday (Aug. 21) are rolling out with restaurant reservations, with plans to expand them to local service appointments and event tickets in partnership with companies like OpenTable, Ticketmaster, StubHub, and SeatGeek.
“For example, you can now ask...