Category: Fintech
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Looking Ahead as California Signs Landmark AI Safety Bill
[ad_1] California’s newly passed artificial intelligence (AI) safety bill could dramatically alter the landscape of AI development and deployment, with far-reaching implications for tech giants, eCommerce platforms and startups alike as the industry grapples with stringent new regulations aimed at mitigating AI risks. The legislation, known as Senate Bill 1047, now awaits a final procedural…
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Bridge Raises $40 Million for Global Stablecoin-Based Payments Platform
[ad_1] Bridge reportedly raised $40 million to support its efforts to build a stablecoin-based payments platform designed to simplify global money movement. The funding brings the total amount the company has raised to $58 million, CoinDesk reported Friday (Aug. 30), citing a paywalled article by Fortune. The startup has raised venture funding from Sequoia, Ribbit,…
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Ulta Beauty Store Sales Hit by Increased Competition and Market Shifts
[ad_1] Amid escalating competitive pressures, Ulta Beauty is facing a challenging retail environment that impacted its store performance in the second quarter, according to earnings results. Although the beauty sector remains strong, the rapid influx of new competitors has challenged Ulta’s ability to sustain its market share, particularly in the prestige beauty category. During the…
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Viamericas Corporation Partners With Paisamex to Add Payout Locations to Rural Areas in Mexico | The Fintech Times
[ad_1] Viamericas Corporation, a licensed, US-based international remittance company, is joining forces with Paisamex, an international money transfer platform provider based in Mexico, to offer additional options for remittance beneficiaries to receive money in Mexico. Through the new partnership, Viamericas Corporation and Paisamex will aim to connect migrant families and expand the reach and accessibility…
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This Week in Fintech: TFT Bi-Weekly News Roundup 30/08 | The Fintech Times
[ad_1] The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 30 August 2024. Company milestones Busha, a cryptocurrency exchange platform in Nigeria, is granted one of the first provisional licences by the Nigerian Securities and Exchange Commission (SEC) to operate as a regulated virtual asset service…
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iDenfy Launches Face Authentication to Weed Out Fraudsters in User Onboarding | The Fintech Times
[ad_1] Onboarding needs to be a quick and seamless process for organisations to ensure customers have the best experience when joining their firm. However, they must do their due diligence too, especially in the age of deep-fakes. To speed up this process to a matter of seconds, iDenfy, the Lithuanian regtech, is launching its new…
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Are Long FCA Approval Wait Times Putting UK Crypto Hub Ambitions in Jeopardy? | The Fintech Times
[ad_1] Applications for registration as a cryptoasset exchange or custodian wallet provider have fallen by 51 per cent in the last three years in the UK, according to new data released by the Financial Conduct Authority (FCA). FCA figures reveal that it only received 29 applications last year (1 May 2023 until 30 April 2024),…