Nubank has appointed Livia Chanes to the newly created position of chief executive officer for Latin America, according to a Wednesday (July 15) Bloomberg report. Chanes, who has served as the firm’s Brazil CEO since 2024, will now oversee regional operations as the company intensifies...
The 21st century business corporation is frequently referred to as a single thing. Its executives speak in the singular: one company, one strategy, one balance sheet. Its annual report gathers thousands of employees, hundreds of bank accounts and perhaps dozens of legal entities into a...
The upcoming launch of Open Standard’s Open USD (OUSD) stablecoin could pose an “existential threat” to Circle’s USDC, but it depends on how things play out, a CoinShares analyst said Monday (July 13). Get the Full Story Complete the form to unlock this article and...
Microsoft is intensifying its competitive strategy against artificial intelligence startups OpenAI and Anthropic, Bloomberg News reported Wednesday (July 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Cyclops raised $20 million in a Series A funding round to accelerate the development of its stablecoin rails for the payments industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Open payment platform provider Spreedly on Wednesday (July 15) announced the launch of a standalone payment vault, a move that allows merchants to store and manage customer credentials without committing to the company’s full payments orchestration suite. Get the Full Story Complete the form to...
OpenAI’s first consumer hardware product is reportedly a portable smart speaker designed to move from room to room and function as a humanlike AI companion that lives in the home, Bloomberg reported Tuesday (July 14), citing people familiar with the matter. The device is still...
The U.S. government has transferred approximately $288 million worth of seized cryptocurrency to Coinbase Prime, fueling speculation over whether federal authorities are preparing to liquidate some of their digital asset holdings or simply moving them into institutional custody. Get the Full Story Complete the form...
The House of Representatives passed bills Tuesday (July 14) that formally end production of the penny, reform the bank acquisition process and prohibit merchant category codes that specifically identify firearms retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
