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Bakkt announced a leadership transition Monday (Aug. 11) as it reported its results for the quarter ended June 30 and outlined its progress in its transition into a “pure-play crypto infrastructure company.”
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Andy Main stepped down as co-CEO and director, effective Monday, while former co-CEO Akshay Naheta became Bakkt’s sole CEO, the provider of solutions for the crypto...
Only one-third of the Americans receiving student loan bills are paying them.
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So said Bloomberg in a report published Monday (Aug. 11), which cited an April estimate by the Department of Education and added that a collective $1.6 trillion in student loans are owed by Americans.
Some borrowers who are ignoring their student loan bills told Bloomberg, per the report, that...
OpenAI’s latest rollout of GPT-5 as the default artificial intelligence (AI) model for ChatGPT brings with it several new capabilities that can power up productivity for business and personal users.
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Here’s a quick cheat sheet for the busy business user:
All-in-One Chatting and Reasoning Model
GPT-5 transforms ChatGPT into an AI model that can automatically switch...
Datasite has acquired Blueflame AI to provide additional artificial intelligence (AI)-powered capabilities for dealmakers involved in projects like mergers and acquisitions (M...
StubHub reportedly plans to launch its initial public offering (IPO) in September.
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The online ticketing company is looking to start its IPO roadshow after Labor Day (Sept. 1) and make its public debut later that month, CNBC reported Monday (Aug. 11), citing unnamed sources.
Reached by PYMNTS, StubHub declined to comment on the report.
According to the report, the...
The Consumer Financial Protection Bureau (CFPB) has started the ball rolling on a process that would conceivably roll back supervision in key sectors of payments and lending — to the point where only the largest players would fall under the oversight of the agency.
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On Friday (Aug. 8), and as detailed in the Federal Register, the Bureau published four advance notices of...
The business perimeter has become as global and interconnected as commerce itself.
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On Aug. 6, Air France and KLM issued a public disclosure announcing that customer data had been compromised following a security incident involving a third-party service provider used by their customer contact centers.
The airline group confirmed that personal details such as names, email...
DoorDash is deploying more of Relex’s artificial intelligence-driven supply chain optimization capabilities to improve operations across its DashMart network of first-party fulfillment centers.
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The expanded collaboration builds on the results of DoorDash’s implementation of Relex forecasting and replenishment capabilities in 2022, according to a Monday (Aug. 11) press...
Japanese eCommerce giant Rakuten is embedding its next-generation agentic artificial intelligence (AI) platform across its ecosystem, aiming to transform its own operations while equipping merchants with advanced new capabilities.
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“When I started Rakuten, I believed the internet had the power to change the world, and I committed to building something that could make a...
Australian bank CommBank is adding two new defensive assets designed to help protect its customers from fraud, scams, financial crime and cyber threats.
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The launch of these assets builds upon earlier solutions that have helped drive a 76% reduction in customers’ losses to scams since the first half of 2023, when those losses peaked, according to a Monday (Aug. 11) press...