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Instant disbursements have quietly become a cornerstone of how consumers manage their money. What began as a convenient perk for occasional refunds or rewards has evolved into a vital income stream for millions. For younger generations and gig workers, instant payouts are no longer optional. They are essential for financial stability.
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The data shows just how quickly...
Western Union is looking to stablecoins and artificial intelligence (AI) to deliver efficiencies at a time when it is dealing with the effects of macroeconomic and political uncertainty.
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A slowdown in its North America retail business and lower revenue in Iraq drove a 4% decrease in revenue in the second quarter, the provider of cross-border, cross-currency money...
The Trump administration is reportedly set to press for the use of digital assets in 401(k) plans and mortgages.
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President Donald Trump is expected to issue an executive order that calls for 401(k) plans to open to additional assets that could include cryptocurrencies, CoinDesk reported Monday (July 28).
The administration’s plan for mortgages was announced in a recent...
FIS has partnered with Circle to help U.S. financial institutions transact in Circle’s USDC stablecoin.
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The collaboration will see FIS infrastructure solutions, including the FIS Money Movement Hub, integrated with Circle’s stablecoin functionality, the companies said in a Monday (July 28) press release.
This combination will enable U.S. financial institutions to enable...
How an artificial intelligence (AI) model performs is critically important to the enterprises investing in and deploying the technology. But there’s debate whether advancements in large language models are slowing.
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This debate centers around AI scaling laws.
Popularized by OpenAI, the concept behind AI scaling laws is simply this: Larger models trained on more compute...
JPMorgan Chase reportedly found that most of the application programming interface (API) calls from middlemen received by its systems in June came from FinTech companies.
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Only 13% of the data requests were initiated by customers for transactions, CNBC reported Monday (July 28), citing a JPMorgan Chase memo.
The FinTech companies’ API calls were done to help them improve...
Microsoft has launched an experimental mode that adds new artificial intelligence (AI) features to its Edge browser.
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When users opt-in, the new Copilot Mode provides a page with a single input box that combines chat, search and web navigation, the company said in a Monday (July 28) blog post.
“Copilot Mode also sees the full picture across your open tabs, and you can...
EssilorLuxottica, which partners with Meta on artificial intelligence (AI) glasses, reported Monday (July 28) that the sales of those Ray-Ban Meta glasses were up more than 200% in the first half of the year.
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The designer, manufacturer and distributor of vision care products, eyewear and MedTech solutions also highlighted new and upcoming smart glasses and MedTech...
London-based DynaRisk has raised $4.7 million in a funding round to accelerate product innovation and fuel the international expansion of its cyber risk management solutions for the insurance sector.
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The company plans to use the new funding to help expand its operations across the Europe, Middle East and Africa (EMEA), North America and Asia-Pacific regions, it said in...