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With the CLARITY Act set to be considered by the full U.S. House of Representatives after being advanced by committee votes on Tuesday (June 10), members of the House Financial Services Committee issued press releases outlining their opposing views ahead of the next vote.
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The CLARITY Act (H.R. 3633) aims to establish a regulatory framework for digital assets in the U.S...
Amazon reportedly aims to boost its efforts in the healthcare field by simplifying the structure of its health business.
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The company is reorganizing Amazon Health Services into six units, CNBC reported Friday (June 13), citing its interview with Neil Lindsay, senior vice president of Amazon Health Services.
“Our leadership team has been focused on simplifying our...
There has been a moderate rebound in consumer sentiment, but overall, consumers’ attitudes are below pre-tariff levels.
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Preliminary June data from the University of Michigan released Friday (June 13) found that consumer sentiment improved from recent nadirs. The initial estimates showed that sentiment improved 16% in June relative to May, although it was 18% below its...
Payment Assist is now offering business lending to automotive businesses across the United Kingdom via an embedded finance partnership with Groov.
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The new offering joins the buy, now pay later (BNPL) and retail finance solutions Payment Assist already offered for the U.K.’s automotive sector, the company said in a Thursday (June 13) blog post.
Payment Assist’s business...
PairSoft has added artificial intelligence (AI) agents to its accounts payable (AP) automation and eInvoicing solutions for mid-market and enterprise organizations.
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The AI agents are designed to reduce manual work in general-ledger (GL) coding, purchase-order (PO) matching and invoice-approver functions, the company said in a Tuesday (June 10) press release.
They do so...
Ripple CEO Brad Garlinghouse reportedly said Wednesday (June 11) that the company’s XRP cryptocurrency could account for 14% of the cross-border payment volume currently handled by SWIFT within five years.
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Noting that SWIFT handles messaging while banks handle liquidity, Garlinghouse said, “I think less about the messaging and more about liquidity,” Seeking Alpha...
There’s a revolution under way, with proponents heralding it as a reimagination of what money is and how it moves.
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We’re talking about stablecoins: tokenized assets on the blockchain whose value is pegged to traditional currencies, most often the U.S. dollar.
Amazon is exploring issuing its own digital dollar. So is Walmart. Shopify has begun letting merchants accept...
An artificial intelligence hiring platform has reportedly cut hiring time at Chipotle by 75%.
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The quick-service restaurant chain has been using the platform — which was built by recruiting software firm Paradox and dubbed “Ava Cado” by Chiptole — for a year, CNBC reported Friday (June 13).
“This not only helps us keep our restaurant staffed, but ensures we have the best...
Circle and Chime garnered the lion’s share of FinTech-focused headlines through the past several days, particularly those centered on Wall Street.
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However, there is a tailwind to early-stage financing of FinTechs focused on platform models that re-imagine lending and businesses’ back-office processes. Banks are broadening their efforts to help FinTechs, once competitors...
Biotechnology research firm Thermo Fisher Scientific is reportedly looking to sell part of its diagnostics business amid industrywide concerns about federal cutbacks in spending on research.
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The company’s advisers have been talking with private equity firms to assess potential buyers’ interest in the unit, seeking around $4 billion, the Financial Times (FT) reported...