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The office of the CFO and crypto assets might sound like strange bedfellows.
After all, CFOs and other finance leaders are the staid stewards of corporate balance sheets; while digital assets are typically understood to reside in the move-fast-and-break-things vertical of finance, a Wild West ecosystem with a checkered past.
The volatility of cryptocurrencies, the regulatory fog, and...
London Stock Exchange Group (LSEG) has begun the rollout of its blockchain-powered Digital Markets Infrastructure (DMI) platform, starting with private funds.
The DMI platform supports the full asset lifecycle, including issuance, tokenization, distribution, post-trade asset settlement and servicing, across multiple asset classes, the company said in a Monday (Sept. 15) press release...
Payment platform PXP has introduced a solution aimed at addressing the issue of cart abandonment.
Checkout Components, announced Monday (Sept. 15), is designed to give businesses control over how payments are presented, processed and optimized on desktop and mobile platforms, thus keeping customers from abandoning their purchases at the last stage.
“Merchants want more than just a way...
Visa has introduced Visa Private, an offering designed for wealthier cardholders.
Rolling out in the United Arab Emirates (UAE) before a wider launch in the Gulf region, the new offering is aimed at cardholders who want “a level of service and benefits that go beyond conventional card experiences,” Visa said Monday (Sept. 15).
The company’s announcement said that the UAE is forecast to...
Robinhood is introducing a fund designed to expand retail investors’ access to private markets.
The trading platform announced Monday (Sept. 15) that it had filed with the Securities and Exchange Commission (SEC) to put in motion the process to advance public shares of the fund, known as Robinhood Ventures Fund I.
“For decades, wealthy people and institutions have invested in private...
Doctronic raised $20 million in a Series A funding round to expand its services and grow the adoption of its artificial intelligence-native platform designed to deliver healthcare.
The platform uses generative AI to deliver health guidance in minutes and provides access to licensed physicians via video visits, the company said in a Monday (Sept. 15) press release.
Doctronic’s AI...
David’s Bridal expanded its relationship with famed dress designer Vera Wang.
The new collaboration makes David’s Bridal the global producer and retailer of the Vera Wang Bride collection of wedding gowns and bridesmaid dresses, and eventually, wedding invitations and stationery, according to a Friday (Sept. 12) press release.
The partnership also marks the creation of the Vera Wang...
U.S. banks’ borrowing from the Federal Reserve reportedly signals some liquidity pressure.
On Monday (Sept. 15), banks borrowed $1.5 billion from the Federal Reserve’s Standing Repo Facility, Reuters reported.
As Monday is the deadline for quarterly corporate tax payments, the borrowing points to some “tightness in meeting funding obligations,” the report said.
The report also said the...
Google parent Alphabet saw its market capitalization reach $3 trillion Monday (Sept. 15) for the first time.
The milestone was driven by a revitalization in optimism around artificial intelligence and an antitrust ruling that went in Google’s favor, Reuters reported Monday.
The company’s stock jumped 32% this year, making it the leader among the “Magnificent 7” stocks, the report said...
PayPal has debuted a peer-to-peer payment offering called PayPal links.
This new method lets users send and receive funds via a personalized, one-time link that can be shared in any conversation, the payments giant said Monday (Sept. 15), noting it arrival comes on the heels of the company’s PayPal World cross-border payment platform.
“Whether you’re texting, messaging or emailing, now...