January, 2025

January, 2025

PayPal-Backed Formance Raises $21 Million to Grow Open-Source Ledger
Open-source financial infrastructure provider Formance raised $21 million in a Series A funding round to grow its Ledger and other solutions that help developers build financial flows and products. Th...

Gallabox Raises $3.5 Million to Help Small Businesses Create AI Agents
Gallabox raised $3.5 million in a seed round to strengthen the capabilities and expand the geographic footprint of its platform that enables small- to medium-sized businesses (SMBs) to use artificial ...

Lloyds Shuttering 136 Branches Amid Digital Banking Shift
British lender Lloyds is closing 136 branches as its customers choose digital financing services. The closures will affect 61 Lloyds branches as well as 61 Halifax and 14 Bank of Scotland locations ...

AI Regulations: Texas’ Sweeping AI Bill and the Vatican’s Policy
A Texas bill that seeks to rein in harms from artificial intelligence (AI) is being lambasted as rivaling the regulatory heavy-handedness of California and Europe, despite its reputation as a pro-busi...

Trumpcoins, Global Growth and Regulatory Battles Defined Crypto This Week
Political favor, institutional acceptance and regulatory scrutiny are increasingly colliding to redefine the digital asset landscape. At the heart of this transformation is the ongoing embrace of digi...

US Bancorp Names President Gunjan Kedia to CEO Post
U.S. Bancorp has chosen its new CEO from within its ranks. Gunjan Kedia, the Minneapolis-based lender’s president, will become its new chief executive following its April 15 shareholders meeting, U....

Mastercard Teams With BMO and Porter Airlines on Travel Rewards
Mastercard, BMO and Porter Airlines have launched a rewards program for Canadian travelers. The new BMO VIPorter Mastercard suite is set to roll out to Canadians in spring 2025, the companies ann...

Travel Ledger Integrates Revolut to Facilitate Travel Industry B2B Payments
Travel Ledger now enables travel businesses in the United Kingdom and Europe to use Revolut’s banking services to automatically settle B2B payments with partners directly through the Travel Ledger p...

B2B BNPL Solution Capchase Pay Is Increasingly Being Used By Software Buyers
Capchase has reflected on its accomplishments in 2024, including the overall performance and adoption of Capchase Pay. The company has achieved several milestones, including: Experiencing an 800% incr...

Federal Reserve Holds Rates Steady as Anticipated, Fed Chair Believes a Crypto Regulatory Framework from Congress Would be Helpful
There was little new today emerging from the US Federal Reserve announcement as it decided to hold rates steady, matching market expectations. The Fed decided to maintain the target range for the fed...

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B&T Television

April