SoftBank Vision Fund lays off 20% of staff to make room for AI ambitions
Fintech venture capital firm, SoftBank Vision Fund, will be axing 20% of its staff in a push to boost AI investment.
With trillions of debt outstanding in auto & beyond, 35% of consumers can’t pay on time
According to Experian’s State of the Automotive Finance Market Q4 2024, the outstanding balances connected to auto financing grew from $1.106 trillion at the close of 2018 to $1.485 trillion at the end of last year. And to finish 2024, … [Read More]
House bill introduces $2,500 car loan interest tax deduction
Michigan Republican Bill Huizenga has introduced a bill in the House of Representatives seeking to make auto loan interest tax…
Barclays invests in United Fintech
Barclays Bank has become latest financial institution to invest in United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors.
CQC develops algo to accelerate Monte Carlo integration with quantum computers
Cambridge Quantum Computing (CQC) says it has discovered an algorithm that accelerates quantum Monte Carlo integration.
OCBC to invest $500 million in new innovation hub
South East Asia’s second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).
Wealthtech Tifin raises $109m
Tifin, an umbrella group operating a host of AI-powered fintech businesses in the asset and wealth management industry, has hit a $842 million valuation of the back of a $109 million Series D funding round.
Klarna gives merchants the tools for discovery by AI agents
Klarna has launched an agentic product capabable of scouring the internet to surface products and prices for discovery by AI agents.
PODCAST: More insight about CARS Rule with Adam Crowell of KPA
The CARS Rule from the Federal Trade Commission was one of the primary topics at NADA Show 2024, and Adam Crowell offered his expert perspectives, too. The vice president of legal and corporate development at KPA discussed the FTC and … [Read More]
BlackRock and Proxymity agree UK proxy voting deal
BlackRock, the world’s largest asset manager, has agreed a deal with digital investor communications platform Proxymity, that will enable retail investors in the UK to participate in proxy battles.
Airwallex raises $330 million at a valuation of $8 billion
Business payments outfit Airwallex has raised $330 million in a Series G funding round, led by Addition and with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures and TIAA Ventures.
