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The United Kingdom’s Financial Conduct Authority posted information for firms that want to offer crypto asset-related services in the country under the crypto asset regulatory regime that is expected to come into effect in 2027.
“Firms wishing to undertake any of the new crypto asset regulated activities will need to be authorized by us under FSMA [The Financial Services and Markets...
Ripple received permissions that allow it to scale Ripple Payments, its cross-border payment solution that uses digital assets, in the United Kingdom.
The permissions include approval of Ripple’s electronic money institution license and crypto asset registration from the U.K.’s Financial Conduct Authority, the company said in a Friday (Jan. 9) press release.
Ripple Payments enables...
Fiserv has launched a new analytics capability designed to help merchants and their marketing partners better understand in-store customers.
The new Unknown Shopper solution transforms payment data into actionable insights by enriching it with demographic information, the global provider of payments and financial services technology said in a Friday (Jan. 9) press release.
This...
Data is being collected at unprecedented scale, but its real value emerges when analytics and AI translate signals into experiences that feel timely, relevant and human rather than intrusive.
That distinction matters. According to “Personalized Offers Are Powerful — But Too Often Off-Base,” a PYMNTS Intelligence and AWS collaboration, 83% of consumers are receptive to personalized...
BNY enabled the on-chain mirrored representation of client deposit balances on its Digital Assets platform and said this marks the first step in its strategy to tokenize deposits.
With this initiative, the bank aims to support programmable, on-chain cash for institutional market infrastructure, BNY said in a Friday (Jan. 9) press release.
Several financial institutions and digital...
For the past several years, the AI boom has been inseparable from a race in cloud capacity. Training large models and running inference at scale drove unprecedented capital expenditures across hyperscalers, reinforcing the idea that bigger models required bigger data centers. A growing body of research is now challenging that assumption, arguing that the infrastructure requirements of artificial...
Digital Asset and Kinexys by J.P. Morgan have announced a collaboration that will bring Kinexys by J.P. Morgan’s products to Digital Asset’s Canton Network.
The collaboration will initially focus on enabling the native issuance of Kinexys by J.P. Morgan’s deposit token product JPM Coin on Canton, which is a privacy-enabled blockchain network designed for synchronized financial markets...
Meta signed agreements with three nuclear energy companies to help power its artificial intelligence-focused data centers.
The agreements with Vistra, TerraPower and Oklo, together with one signed with Constellation Energy last year, make Meta one of the top buyers of nuclear energy in the United States, Meta said in a Friday (Jan. 9) press release.
“State-of-the-art data centers and...
The new year has dawned with consumers in the United States navigating a cooling labor market, elevated borrowing costs and persistent inflation expectations.
However, a trio of data reports this week reflects a degree of financial discipline, with households adapting their cross-borrowing behavior and expectations. Resilience seems to be the order of the day.
Consumer credit figures...
Chinese artificial intelligence (AI) company MiniMax reportedly raised $619 million in its Hong Kong initial public offering (IPO) on Friday (Jan. 9).
The company priced its shares at 165 Hong Kong dollars (about $21) each and saw them close more than double that at 345 Hong Kong dollars (about $44), the Financial Times reported Friday.
The IPO brought MiniMax’s market capitalization...