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Blockchain company Ripple has launched a partnership with tokenization infrastructure platform Ctrl Alt.
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The collaboration, announced Wednesday (July 16) will see Ctrl Alt use Ripple’s digital asset custody technology to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project by delivering storage for Dubai’s tokenized real estate title deeds, issued...
Healthy consumer spending helped buoy Bank of America’s revenues in the second quarter.
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The banking giant reported quarterly earnings Wednesday (July 16) showing a consumer banking revenue of $10.8 billion, a 6% increase.
“Consumers remained resilient, with healthy spending and asset quality, and commercial borrower utilization rates rose,” CEO Brian Moynihan said in a...
PNC Financial Services Group generated its highest level of new commercial loan production in 10 quarters during the second quarter, PNC Chairman and CEO William S. Demchak said Wednesday (July 16) during the bank’s quarterly earnings call.
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The bank’s 4% growth in commercial and industrial (C...
The popular topic from this week’s big bank earnings isn’t merger and acquisition activity or net interest margins. It’s stablecoins and tokenized money.
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During their quarterly reports, top executives from Citi and JPMorgan placed stablecoin infrastructure at the center of their long-term strategy for cross-border payments, corporate treasury modernization and...
Google has added a feature to make it easier for Gmail users to unsubscribe from emails.
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The company’s recently announced “Manage subscriptions” tool lets users view and manage subscription emails, to make it easy to unsubscribe from the ones they don’t want from a single place.
“It can be easy to feel overwhelmed by the sheer volume of subscription emails clogging your...
Commerce Bancshares said Wednesday (July 16) that it expects its planned acquisition of FineMark National Bank & Trust to support its efforts to grow its wealth management business.
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The planned acquisition of the private bank, which was announced June 16, will bring to Commerce Bancshares an expanded footprint in Florida; new markets in Arizona and South Carolina; and...
Lloyds Banking Group reportedly has rolled out a new generative AI-powered knowledge hub to reduce the time it takes employees to find information and respond to customer queries.
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The system, known as Athena, is the U.K. bank’s first major deployment of generative artificial intelligence (AI), according to Finextra.
Designed to serve as a centralized knowledge base,...
Estée Lauder is reportedly embarking on a new online retail push to reinvigorate slumping sales.
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That’s according to a report Wednesday (July 16) by The Wall Street Journal (WSJ), which includes an interview with the beauty brand’s new CEO, Stéphane de La Faverie.
He said the future of that industry lies in a “merger of the digital and the physical world,” with...
The United Kingdom’s Financial Conduct Authority fined Barclays 42 million pounds (about $56 million) for financial crime control lapses.
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The fine covers two cases that demonstrate “failings in its financial crime risk management,” according to a Wednesday (July 16) press release.
Barclays did not reply to PYMNTS’ request for comment.
The first case involved Barclays...
Former OpenAI executive Mira Murati’s startup Thinking Machines has just raised $2 billion.
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The artificial intelligence (AI) company announced the funding Tuesday (July 15), saying it would help in its mission of building “multimodal” AI.
“We’re excited that in the next couple months we’ll be able to share our first product, which will include a significant open source...