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British digital lender Starling Bank is set to acquire U.K.-based tax and bookkeeping FinTech Ember.
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The acquisition, announced Tuesday (Aug. 19), will integrate Ember’s software with Starling’s app and online bank, helping small and medium-sized enterprises (SMEs) manage their finances, including things like bank transactions and tax submission.
This comes ahead of “...
Texas Attorney General Ken Paxton secured a $9.5 million settlement with Booking Holdings to resolve a lawsuit in which Paxton alleged that the online travel agency engaged in deceptive “junk fee” practices.
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The lawsuit alleged that Booking Holdings, which operates Booking.com, Priceline.com and Kayak.com, marketed room rates that were not actually available and...
Financial software firm CSI is acquiring digital banking solutions provider Apiture.
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“Apiture and CSI share a customer-first approach to financial innovation,” Nancy Langer, president and CEO of CSI, said in a news release Tuesday (Aug. 19).
“By integrating Apiture’s industry-leading capabilities, especially in business banking, we are creating an even more robust...
Japanese conglomerate SoftBank is making a $2 billion investment into chipmaker Intel.
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The companies say the new arrangement, announced Monday (Aug. 18), represents a commitment to investing in advanced technology and semiconductor innovation in the U.S.
“Semiconductors are the foundation of every industry,” Masayoshi Son, chairman and CEO of SoftBank, said in a news...
Freight technology company truckstop.com has acquired transportation-focused FinTech company Denim to enhance the factoring offering, cash flow solutions and back-office automation it provides to companies in the freight industry.
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Truckstop.com will integrate Denim’s financial technologies into its freight matching and carrier identity solutions to help fleets and...
MIT researchers used generative artificial intelligence (AI) to create molecules that didn’t exist before to develop promising antibiotics candidates for MRSA, a superbug that has killed millions.
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MRSA, or Methicillin-resistant Staphylococcus aureus, is caused by a staph bacteria that has become resistant to most antibiotics, according to the Centers for Disease Control...
Personal finance company SoFi is set to debut an international money transfer service.
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This service, the company announced Tuesday (Aug. 19), will operate directly from the SoFi app in partnership with crypto infrastructure provider Lightspark.
According to a news release, Lightspark will enable the transfers via Universal Money Address (UMA), “to send and receive money...
Citi has added new artificial intelligence-powered enhancements to its CitiDirect Commercial Banking platform as it continues the global rollout of the platform.
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New AI-driven automation streamlines data extraction, form filing, client query routing and fraud detection, Citi said in a Wednesday (Aug. 13) press release.
Other new enhancements to the platform include...
The United States said the United Kingdom will end its effort to access U.S. Apple users’ encrypted data.
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Tulsi Gabbard, U.S. director of national intelligence, said in a post on social platform X Monday (Aug. 18) that she, President Donald Trump and Vice President J.D. Vance had spent the last few months working with the U.K. to hammer out a deal.
Over the past few...
Chinese artificial intelligence startup DeepSeek has released a new version of the open-source AI model behind its controversial chatbot.
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Citing a post on DeepSeek’s official WeChat group, Bloomberg reported that DeepSeek V3.1 is ready for testing.
The new version has a longer context window, or space for prompting, of 128,000 tokens. That’s roughly 96,000 words or...