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Mastercard will begin allowing U.K. banks and financial institutions to access its fifth-generation account-to-account (A2A) instant payments via a sandbox later this year.
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This offering will allow U.K. banks and financial institutions to innovate, test and refine new payment services within a trusted and secure environment and without impacting critical infrastructure...
Google could face new restrictions on its search business in the U.K.
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The potential changes comes as the country’s antitrust regulator, the Competition and Markets Authority (CMA), announced Tuesday (June 24) said it is weighing a proposal that would give Google “strategic market status,” a designation under new competition rules for tech companies that hold higher...
The most recent inflation data indicate that the impact of tariffs overall has been thus far not been as drastic as some might have feared. But consumers are still mulling what’s to come, and the spending picture is at best mixed.
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On Tuesday (June 24), The Conference Board released its latest report on consumer confidence, which slid after a bounce in May.
At a high...
Republican senators on Tuesday (June 24) unveiled a set of principles to serve as a framework for the development of legislation for digital assets.
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Senate Banking Chairman Tim Scott, R-S.C., Subcommittee on Digital Assets Chair Cynthia Lummis, R-Wyo., Sen. Thom Tillis, R-N.C., and Sen. Bill Hagerty, R-Tenn., are spearheading the efforts.
“These principles will serve as...
Meta CEO Mark Zuckerberg is on an artificial intelligence talent acquisition spree, reportedly approaching several high-profile AI startups for a potential acquisition.
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According to multiple news reports, these startups included the following:
Perplexity AI
Runway
Thinking Machines, which was co-founded by OpenAI’s former CTO Mira Murati.
Safe Superintelligence (SSI),...
OpenAI is busy rolling out a suite of office productivity features on ChatGPT that puts it in direct competition with its main investor and partner, Microsoft, and key rival, Google.
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Since early June, OpenAI has buffed up ChatGPT to do office work:
Record Mode: Record and transcribe any meeting, brainstorming session or voice note. ChatGPT will pull out key points and...
Medical-focused artificial intelligence (AI) startup Abridge has reportedly raised $300 million.
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The funding values Abridge at $5.3 billion and will help the company develop its tool that uses AI to automate doctors’ note-taking, The Wall Street Journal (WSJ) reported Tuesday (June 24).
Abridge Co-founder and CEO Dr. Shiv Rao told the WSJ that the new capital will help...
The Financial Action Task Force (FATF) has updated its list of countries with financial-crime-prevention deficiencies.
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The international body announced after its meeting this week that it had added the British Virgin Islands and Bolivia to its list of “Jurisdictions Under Increased Monitoring.”
According to an announcement Monday (June 23) from the U.S. Financial Crimes...
Medius has added embedded payments to its accounts payable (AP) automation and spend management solutions.
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The company’s new Medius Payments solution builds upon its existing Medius Pay solution and introduces straight-through payments capability, allowing payment batches to be built and executed directly from its platform, the company said in a Tuesday (June 24) press...
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins.
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The central bank’s senior deputy governor said Tuesday (June 24) that this slow rollout should begin with tightly regulated commercial banks.
“It is desirable to first allow banks, which are under a high level of regulations, to issue (won-based stablecoins) and gradually...