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Klarna has lost four executives since January, Bloomberg reported Thursday (March 19), citing updates in LinkedIn profiles.
Andrea Ferraz Estrada, head of investor relations and M...
Paythru, a payments orchestration platform focused on electric vehicles (EVs), has partnered with Visa to create a white-label fleet wallet for EV charging payments.
The fleet wallet is designed for fleet operators and mobility platforms, Paythru said in a press release.
The wallet lets fleet drivers charge at any EV charging point; make other mobility payments defined by their...
OpenAI says it is acquiring Astral, a startup that creates Python tools for developers.
The deal, announced Thursday (March 19), is part of the company’s increasing focus on coding, and is designed to integrate Astral’s team with OpenAI’s Codex project.
“Our goal with Codex is to move beyond AI that simply generates code and toward systems that can participate in the entire development...
Crypto.com is cutting around 12% of its workforce as it concentrates more on AI.
The job cuts are the result of the company joining other firms who are “integrating enterprise-wide AI,” company CEO Kris Marszalek said in announcing the layoffs Thursday (March 19) in a post on social media platform X.
“Companies that do not make this pivot immediately will fail,” he wrote. “Companies...
Cost-effective, streamlined and data-rich cross-border payments have long been the holy grail of global commerce.
Stablecoins, after all, have been able to basically make their name on just their promise alone to innovate and disrupt the cross-border settlement space. As recently as Tuesday (March 17), PayPal expanded the availability of its dollar-backed stablecoin PayPal USD (PYUSD)...
Visa has launched Visa Intelligent Authorisation (VIA) in Europe, less than two weeks after introducing this new capability on the Visa Acceptance Platform.
VIA enables modern payment processing through a single application programming interface (API) so that acquirers with legacy payment authorization systems don’t have to undertake costly infrastructure rebuilds, the company said in...
Obin AI has raised $7 million to develop agentic AI tools for financial institutions.
“Founded by AI pioneers with deep roots in both Silicon Valley and global finance, Obin AI emerges from stealth with a clear objective to make AI trustworthy at the highest levels of financial decision-making,” the company said in a news release Thursday (March 19).
“While recent advances in agentic...
Amazon has brought Alexa+ to the U.K., the first European country to receive the AI voice assistant.
Alexa+ is now available across Great Britain as part of an early access program, with hundreds of thousands of customers expected to get invitations in the weeks ahead, Amazon announced Thursday (March 19).
According to Amazon’s announcement, Alexa is the most popular voice assistant,...
The Chinese smartphone market is rough these days for companies not named “Apple.”
The iPhone maker’s sales in China — the world’s largest smartphone market — jumped 23% in the first nine weeks of this year amid a 4% market downturn, according to data released Thursday (March 19) by Counterpoint Research.
“Although government subsidies were introduced at the beginning of the year,...
PicPay, the Brazilian digital payments firm, is increasingly leaning on artificial intelligence to manage its rapid scale.
The Brazilian digital payment firm discussed this effort Wednesday (March 18) as it reported its first quarterly earnings since going public earlier this year.
Those results showed a 85% increase in net revenues for the year, a jump the company credited to the...