Feed Items
Qonto, a finance management solution for small and medium-sized businesses (SMBs) and freelancers, has submitted a banking license application with France’s banking supervisor, the ACPR.
[contact-form-7]
If a license is granted, it will enable Qonto to offer broader lending, savings and investment capabilities, the company said in a Thursday (July 3) press release.
The company operates...
Ramp has launched new, enhanced corporate cards for expense management that integrate with leading accounting platforms and eliminate manual expense workflows.
[contact-form-7]
The new cards feature spending controls that can be customized by employee or department, instant issuance of virtual and physical cards, fraud detection tools and the ability to assign dedicated virtual cards...
Washington-based credit union BECU has acquired generative artificial intelligence (AI) capabilities and 13 team members from FinTech company EarnUp.
[contact-form-7]
One of the team members, EarnUp Co-Founder Nadim Homsany, is now the credit union’s head of AI strategy and innovation, BECU President and CEO Beverly Anderson said in a Thursday (July 3) post on LinkedIn.
“They are a...
Nvidia reportedly became the most valuable company ever for a period of time Thursday (July 3) morning before slipping below that mark later in the day.
[contact-form-7]
The artificial intelligence chip designer’s market capitalization rose as high as $3.92 trillion, briefly surpassing Apple’s record closing value of $3.915 trillion on Dec. 26, 2024, Reuters reported Thursday.
Nvidia’s...
Three members of Congress said Thursday (July 3) that they sent a letter to each of the banks that own the Zelle peer-to-peer (P2P) payment platform, asking what those banks are doing to combat social media scams.
[contact-form-7]
The letters were prompted by a proliferation of these scams and by the decision of one of the banks, J.P. Morgan Chase, to block Zelle payments that originate...
OpenAI unveiled a way for retailers to create artificial intelligence (AI) shopping assistants in Shopify, according to a post on X.
[contact-form-7]
With a few clicks, developers can now connect the Storefront Managed Compute Platform (MCP) server directly to the OpenAI Responses API to build agents that can search for products, add items to a cart, and generate checkout links — all...
The Federal Deposit Insurance Corp. (FDIC) processed a surge in consumer complaints in 2024, with credit cards being the most frequently cited product and credit reporting disputes being the most common issue.
[contact-form-7]
The agency’s National Center for Consumer and Depositor Assistance, Consumer Response Unit (CRU), registered 26,451 written complaints and telephone inquiries...
In May 1999, a group of entrepreneurs launched an online B2B website called Alibaba.com, which operated out of a small apartment in Hangzhou, China. Its goal was to connect Chinese manufacturers and trading companies with overseas buyers.
[contact-form-7]
Over the decades, Alibaba would branch out into other businesses to become the largest eCommerce company in China and one of the...
A boom in the use of dollar-backed stablecoins could destabilize the global payment system, Amundi Asset Management Group Chief Investment Officer Vincent Mortier told Reuters in a report posted Thursday (July 3).
[contact-form-7]
While Mortier said he had not fully made up his mind about stablecoins, he said they could cause a major shift in money flows, weaken the U.S. dollar by...
The Consumer Financial Protection Bureau (CFPB) reports that the ranks of the “credit invisibles” in the U.S. have thinned.
[contact-form-7]
But there are still 25 million unscored individuals.
As reported by the agency, 2.7% of the adult population are considered credit invisible, reflecting an update to data and the methodologies employed by the CFPB. A decade ago, the CFPB said that...