AWS Continues to Add Data Centers to Meet Demand for AI
Amazon Web Services (AWS) is reportedly continuing to add data centers after opening a cluster of them in…
How Struggling Consumers Use BNPL
Highlights BNPL is disproportionately used by financially constrained consumers, including those living paycheck to paycheck, experiencing cash flow…
Businesses Accelerate Credit Unions’ Shift to Real-Time Payments
Highlights A cautious, phased approach to real-time payments is common, particularly for smaller FIs, with many starting with…
Trade War Has Cost Companies Over $34 Billion
The trade war sparked by new U.S. tariffs has reportedly cost companies over $34 billion in lost sales…
Exodus, Worldpay Team on Crypto Purchases With Cards
Exodus said Thursday (May 29) that Worldpay supplies the card payment capabilities used in its new solution that…
White House Tariffs Quashed by US Trade Court
A federal court has largely blocked White House tariffs following a lawsuit by Democrat-led states. The ruling, handed…
Indian Banks Log Threefold Uptick in Fraud
Bank fraud in India nearly tripled during 2024, according to the country’s central bank. In its annual report Thursday (May…
Meta Reorganizes GenAI Team to Accelerate Product Rollouts
Highlights Meta split its AI team into a product-focused group and an AGI foundations unit to accelerate development…
Trump Media Reportedly Raising $3 Billion for Crypto Purchases
Trump Media & Technology Group is reportedly planning to raise $3 billion to purchase cryptocurrencies. The company, which…
Open Banking Transactions Dwarfed by Card Payments in UK
Has open banking lived up to its potential in Great Britain? So far, not really, the Financial Times…
Trump Threatens to Raise Tariffs on Apple and European Union
President Donald Trump threatened to raise tariffs on Apple and the European Union in Friday (May 23) posts…
Monarch Money Raises $75 Million for Financial Wellness Platform
Monarch Money has raised $75 million in a Series B funding round to continue growing its financial wellness…