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In the payments and FinTech ecosystem, the concept of friction is usually discussed in the context of checkout flows, cross-border settlements or fragmented API integrations. But as any C-suite executive or private equity lead knows, friction isn’t just a digital metric, it is a physical and mental tax. When your home office becomes a graveyard for outdated pitch decks and your wardrobe starts to...
Washington state sued Kalshi Friday (March 27), alleging that the company’s prediction market is, under the state’s definition, a betting platform that enables illegal gambling.
The complaint argues that Kalshi violates the state’s Gambling Act and Consumer Protection Act, the Washington State Office of the Attorney General said in a Friday press release.
It seeks to halt the alleged...
Coinbase has resolved an issue that sent push notifications about the company’s prediction markets offerings to customers who weren’t interested in them, Coinbase CEO Brian Armstrong said in a Friday (March 27) post on X.
Armstrong said this in a reply to a post in which a Coinbase customer complained about receiving three notifications about college basketball within an hour. The...
Concerns about the capabilities of an artificial intelligence (AI) model being tested by Anthropic drove down cybersecurity stocks on Friday (March 27), Bloomberg reported.
The report attributed the drop to a Fortune report that said a draft blog post that Anthropic inadvertently made publicly accessible stated that the AI model “poses unprecedented cybersecurity risks,” according to...
Artificial intelligence is increasingly being deployed to restore decades-old films, from Hollywood archives to China’s kung fu classics, enhancing image quality, repairing physical damage and reconstructing degraded audio. What was once a painstaking, manual process is becoming automated and scalable, changing how cinema history is preserved and reintroduced to modern audiences.
As ...
Citigroup is considering acquiring a major U.S. regional bank or a brokerage, Bloomberg reported Friday (March 27), citing unnamed sources and adding that Citigroup said the report was “baseless speculation.”
The bank’s executives are weighing the move to gain more deposits that could fuel Citibank’s lending and trading operations, the report said, citing the unnamed sources.
Citigroup...
Square is now extending credit to more sellers after improving its underwriting models to assess the creditworthiness of those with non-standard revenue patterns.
The new underwriting models enable the company to offer Square Loans to project-based earners, seasonal operators and businesses that are new to Square, the company said in a Friday (March 27) press release.
As a result,...
The earliest interactions between a consumer and a financial provider rarely takes place in a branch, and the account opening is just the beginning. The most important moment, arguably, happens when money arrives into accounts, and ease of fund flows and accessibility carry weight that determines whether the relationship deepens or quietly dissolves.
First Money Wins the Relationship...
Legislation aimed at airline loyalty programs may reshape how rewards work across the broader payments ecosystem.
Thursday (March 26), U.S. Sen. Dick Durbin (Democrat, Illinois) announced he had reintroduced the Protect Your Points Act, which initially debuted in the last Congress. And per the bill, the legislation centers on frequent flyer programs and co-branded cards, but its...
Consumer sentiment fell back 5.8% this month, ending a three-month positive streak and offsetting all the gains registered during that time, according to final March data from the University of Michigan’s Surveys of Consumers released Friday (March 27).
The index now stands 6.5% below its level of March 2025 and 33% below the register of March 2024.
Surveys of Consumers Director...