European core banking provider Temenos is the latest victim of a Hindenburg Short Report. The detailed report cites interviews with 25 former employees that allegedly uncovered manipulated earnings and accounting regularities.
When it comes to the adoption of generative AI in finance, we are still at the top of the first inning.
That is why it was really interesting to read Penny Crosman's article yesterday about what is top is mind for bankers when it comes to Gen AI.
Visa is hosting its annual Visa Payments Forum in San Francisco this week, and yesterday, there were some major announcements. Some are calling this the biggest thing in card payments since the card chip.
When we covered the BlackRock announcement last week of their new tokenized treasuries fund I thought it was a big deal. One week in, this new investment vehicle (ticker symbol BUIDL) is proving to be quite popular. On-chain data shows that $245 million worth of BUIDL shares are now held in seven different wallets. That is the beauty of blockchain data, everything is transparent.
More positive signs for fintech as spend management unicorn Ramp closed another large funding round.
The $150 million was officially called a Series D extension, but it comes at a $7.65 billion valuation, a significant improvement over the $300 million raised for the initial Series D, which was at $5.8 billion.
The Fed came back with a plan yesterday to debit card fees for merchants. Will it be too much for banks to handle?
There is never a dull moment in the Banking-as-a-Service space. Treasury Prime is the latest company to make news in the space.
The world's largest asset manager continues to embrace crypto.
Yesterday, it was revealed (here is the SEC filing) that BlackRock has created a fund called the BlackRock USD Institutional Digital Liquidity Fund that will be launched in partnership with Securitize.
While AI chatbots have been around for several years, with the rapid AI advances of the past 18 months, they are reaching a new level of usefulness.
Yesterday, there was a lot of talk about the Department of Justice’s anti-trust lawsuit against Apple.
Simon Taylor called it the “biggest thing in fintech since Visa/Plaid.” American Banker gave us a history of the battles between banks and Apple over the years. And TechCrunch had no less than six articles covering this development.