Markets
Oxford and UBS Launch New Center for Applied AI Research
The University of Oxford and Swiss investment bank UBS have teamed up to launch research dedicated ot the study of artificial intelligence, according to UBS’ media release. The post, published yesterday, December 9, says that the two are launching the...
EU Probes Google Over AI Overviews and YouTube Training
Alphabet’s Google is facing an EU antitrust investigation into its use of publishers’ online content and YouTube videos to train AI models, according to a report published by Reuters this Tuesday, December 9. Google’s AI Practices Are Being Brought Into...
Socure Buys Qlarifi to Build Real-Time BNPL Credit System
Socure, a leading AI-powered digital identity verification and fraud prevention platform, announced last Friday that it has acquired Qlarifi, the first real-time Buy Now, Pay Later (BNPL) consumer credit database. According to the company’s announcement, the acquisition will allow it...
Worldline Sells Swedish Unit CoreOrchestration for €160m
Worldline, a French multinational payment and transactional services company, announced yesterday, December 8, that it has sold its Swedish payments orchestration business, CoreOrchestration. The business was purchased by Incore Invest in an all-cash transaction valued at €160 million. The Sale...
Visa Picks Canary Wharf for New European Headquarters
The global payment technology company, Visa, has decided to relocate its European headquarters to London’s Canary Wharf financial district, as announced on Friday, December 5, by the Canary Wharf Group (CWG). Visa Europe To Shift Headquarters By Summer 2028 According...
Cloudflare Suffers A Second Outage In Less Than A Month
Cloudflare, a global network and security provider, suffered its second outage in less than a month, according to its blog post published December 5. The company’s second incident, following the November 18 incident, affected multiple banking websites, such as Norway’s...
Coinstar Chooses Lithic to Power New Debit Card and Wallet
Lithic, the card issuing and processing platform that powers the next generation of financial experiences, announced that it was selected by Coinstar to power the new CINQ by Coinstar Debit Card. The announcement, published on December 3, noted that this...
FinCEN Warns Ransomware Payments Hit $2.1B in Three Years
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), recently issued a Financial Trend Analysis on ransomware incidents in Bank Secrecy Act (BSA) data between 2022 and 2024. The report, published yesterday, December 4, reflected on the incident...
Nevis Brings Its Total Funding To $40m After A Successful Series A
AI platform focused on wealth management, Nevis, announced that it has completed its Series A funding round on Monday, December 1. According to the announcement, the round was concluded with $35 million raised from Sequoia Capital, ICONIQ, and Ribbit Capital,...
Europol Shuts Down ‘Cryptomixer’ in Major Takedown
Cryptomixer.io, one of the longest-running Bitcoin-mixing services, has been taken offline in a coordinated operation by Swiss and German authorities. According to an announcement posted by Europol, the operation has seen the authorities seize over 25 million EUR in digital...
Sony Bank Picks Bastion to Power Its Stablecoin Launch
Bastion, the financial institution for regulated stablecoin services, announced yesterday, December 1, that Sony Bank is planning to issue a dollar-pegged stablecoin, and that Bastion was named sole issuance provider for the initiative. Sony’s New Stablecoin To Be Used Primarily...
Polymarket Wins CFTC Approval to Reenter The US as a Regulated Exchange
Polymarket, the world’s largest prediction market, announced yesterday that it has been granted an Amended Order of Designation by the US commodities regulator, the Commodity Futures Trading Commission (CFTC). The move will allow the predictions platform to operate a fully...
Paxos Acquires Fordefi to Strengthen Institutional Crypto Custody
Paxos, the leading blockchain infrastructure platform, announced the acquisition of Fordefi yesterday, November 25. According to the firm’s announcement, the acquisition will allow it to build the custody infrastructure layer to power the on-chain economy. Why Fordefi Acquisition Matters Fordefi...
PayPal, Perplexity Launch Instant Buy for AI-Powered Shopping
Global payments giant PayPal announced that it has enabled merchants to become discoverable within Perplexity, granting consumers the ability to checkout in chat. The announcement came yesterday, November 25, only days ahead of Black Friday, when PayPal expects that many...
BNPL Giant Klarna Rolls Out Native Stablecoin – KlarnaUSD
Sweden-based global digital bank and payment provider, Klarna, announced the upcoming launch of KlarnaUSD stablecoin yesterday, November 25. The dollar-backed stablecoin was designed on a new blockchain from Stripe and Paradigm, and it comes at a time when stablecoin transfers...
