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Banking Sector Seeks More Time on CFPB Open Banking Rule
Banking Sector Seeks More Time on CFPB Open Banking Rule
July 17, 2024  |  CFPB

The banking industry wants more time to comply with a new rule governing consumer financial data. The open banking regulation in question is the Consumer...

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LexisNexis Unveils AI Platform for Corporate Research
LexisNexis Unveils AI Platform for Corporate Research
July 17, 2024  |  artificial intelligence

LexisNexis Legal & Professional launched its AI-powered research tool, Nexis+ AI, on Wednesday (July 17). The platform aims to transform how companies gather and analyze...

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J.P. Morgan Payments Backs B2B Payments Platform Slope
J.P. Morgan Payments Backs B2B Payments Platform Slope
July 17, 2024  |  Investments

Slope has secured $65 million in strategic equity and debt funding to scale its B2B payments platform for enterprise companies. The funding was provided by J.P....

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Chase to Decline Credit Card Payments for Third-Party BNPL Plans
Chase to Decline Credit Card Payments for Third-Party BNPL Plans
July 17, 2024  |  BNPL

Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The...

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Capital One Announces $265 Billion Community Plan as Part of Discover Deal
Capital One Announces $265 Billion Community Plan as Part of Discover Deal
July 17, 2024  |  Acquisitions

Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide...

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OpenAI Founding Member Karpathy Launches AI Education Venture
OpenAI Founding Member Karpathy Launches AI Education Venture
July 17, 2024  |  artificial intelligence

One of OpenAI’s founding members says he is launching an “AI native” school. Andrej Karpathy, who had been a key researcher for the company until...

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Anthropic and Menlo Ventures Launch $100 Million AI Startup Fund
Anthropic and Menlo Ventures Launch $100 Million AI Startup Fund
July 17, 2024  |  artificial intelligence

Anthropic and Menlo Ventures have launched a $100 million fund for artificial intelligence (AI) startups. “We created this fund to fuel the next generation of...

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Monzo Debuts Digital Bank Accounts for Kids Under 16
Monzo Debuts Digital Bank Accounts for Kids Under 16
July 17, 2024  |  Digital-First Banking

 British digital bank Monzo is launching a free account for children under 16. The bank on Wednesday announced the waitlist for Monzo for Under 16s,...

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Matera Gets $100 Million to Expand Banking Software Footprint
Matera Gets $100 Million to Expand Banking Software Footprint
July 17, 2024  |  Digital-First Banking

Banking software provider Matera has landed a $100 million investment from growth investor Warburg Pincus.  The new funding, announced in a news release Wednesday (July...

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