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Stablecoins have gone public in the U.S.
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On Thursday (June 5), Circle Internet Financial, the company behind the USDC stablecoin, debuted on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL,” and did so with a bang, tripling in price by the day’s close and making its founder a paper billionaire.
After pricing its initial public offering (IPO) at $31...
A growing number of former OpenAI employees are reportedly launching startups of their own.
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Like OpenAI, each of the startups is focused on the artificial intelligence (AI) boom, Bloomberg reported Thursday (June 5).
A startup founded by former OpenAI vice president of research for post-training, Liam Fedus, and former Google DeepMind research scientist Ekin Dogus Cubuk...
Keeta and SOLO have launched a blockchain-native credit bureau.
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This new offering was created by a partnership of Keeta, the company behind a blockchain that connects various Web3 and traditional financial systems, and SOLO, a credit data infrastructure platform backed by more than 100 banks, according to a Thursday (June 5) press release.
Both companies are backed by...
OneSpan announced Thursday (June 5) its acquisition of Nok Nok Labs, a provider of FIDO passwordless software authentication solutions.
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OneSpan said joining forces with Nok Nok enables the company to provide customers worldwide with a comprehensive authentication portfolio, available on-premises or in the cloud. This combined offering now includes support for OTP, FIDO...
Qatar Islamic Bank (QIB) has partnered with Visa to enhance cross-border business-to-business (B2B) payments through Visa B2B Connect. The platform supports direct, account-to-account international transfers and will allow QIB’s corporate clients to send payments to 120 countries.
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QIB is the first Islamic bank in Qatar to adopt Visa B2B Connect, positioning the...
Business is evolving, and legacy processes can hamstring operations. But many forward-thinking firms are sitting attractively in the middle of a metamorphosis. Businesses, government agencies and FinTechs are pushing the boundaries of innovation, motivated by the dual imperatives of efficiency and resilience.
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If the past few years were about adaptation, the next few...
Cleveland-headquartered KeyBank made an equity investment in Qolo, expanding the companies’ existing partnership focused on banking innovation.
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The companies announced the move in a Tuesday (June 3) press release without disclosing the terms of the investment.
Qolo, a provider of payment cycle management solutions, powers KeyVAM, a virtual account management solution...
The cryptocurrency landscape can be tribal, full of vibrant archetypes that each hold distinct ideologies and goals.
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From bitcoin maxis to degens and yield farmers, even OG HODLers, the crypto space isn’t just pure technology. To its most diehard supporters, the industry represents a powder keg of culture, ideology and economics, all crashing into each other on-chain....
United Kingdom FinTech Wise intends to move its primary listing from the London Stock Exchange (LSE) to a stock exchange in the United States while maintaining a secondary listing on the LSE.
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Wise’s owners must vote on the proposal, and the company will call a shareholder meeting for that purpose in the coming weeks, according to the company’s financial year results...
Experian and Plaid have partnered to provide proven risk insights and real-time cash flow data to banks, credit unions and consumer lenders.
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These resources include, in a single solution, credit analytics from Experian, a global data and technology company, and permissioned data from Plaid, a financial data network, the companies said in a Thursday (June 5) press...