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PayPal Leads $19 Million Series A for B2B Card Platform Pliant
PayPal Leads $19 Million Series A for B2B Card Platform Pliant
April 17, 2024  |  Investments

B2B credit card platform Pliant is planning to expand after raising $19 million. The funding round, announced Wednesday (April 17) was led by PayPal Ventures and brings the Berlin-based Pliant’s...

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Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness
Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness
April 17, 2024  |  Banking

The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit...

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US Bancorp Interest Income Dips as Customer Caution Continues
US Bancorp Interest Income Dips as Customer Caution Continues
April 17, 2024  |  Banking

U.S. Bancorp is forecasting a decline in net interest income for this year.  In announcing its earnings Wednesday (April 17), the lender said it anticipates net...

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MUFG Bank and Crédit Agricole Complete First ISO 20022-Aligned Payment on CHIPS
MUFG Bank and Crédit Agricole Complete First ISO 20022-Aligned Payment on CHIPS
April 17, 2024  |  Payment Methods

The first payment in the ISO 20022 message format on the CHIPS network was completed by Japanese financial institution MUFG Bank and European financial institution Crédit Agricole Corporate & Investment Bank, The...

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Senators Unveil Bipartisan Bill Outlawing Algorithmic Stablecoins
Senators Unveil Bipartisan Bill Outlawing Algorithmic Stablecoins
April 17, 2024  |  Cryptocurrency

Two U.S. lawmakers have introduced legislation to govern the use of stablecoins. The legislation, announced Wednesday (April 17) by Sen. Kirsten Gillibrand (D-N.Y.) and Sen. Cynthia Lummis (R-Wyo.) would...

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Flatpay Raises $48 Million to Expand POS, Payment Solutions Offering
Flatpay Raises $48 Million to Expand POS, Payment Solutions Offering
April 17, 2024  |  Investments

Flatpay has raised 45 million euros (about $48 million) in a Series B funding round to expand its offering of point-of-sale (POS) systems and payment...

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Report: Mistral AI Targeting $5 Billion Valuation 
Report: Mistral AI Targeting $5 Billion Valuation 
April 17, 2024  |  artificial intelligence

Mistral AI is reportedly exploring a funding round that would value it at $5 billion. The French startup has been in talks with investors about raising several...

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Andreessen Horowitz Raises $7.2 Billion as VCs Focus on AI
Andreessen Horowitz Raises $7.2 Billion as VCs Focus on AI
April 17, 2024  |  artificial intelligence

Andreessen Horowitz has raised $7.2 billion for tech startups including those in the AI sector. The funding, announced by the venture capital (VC) group Tuesday...

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Bankjoy and Pinwheel Partner to Simplify Direct Deposit Setups
Bankjoy and Pinwheel Partner to Simplify Direct Deposit Setups
April 16, 2024  |  Partnerships

Bankjoy and Pinwheel have partnered to help financial institutions offer their customers a frictionless way to set up their direct deposit. With this collaboration, Bankjoy will help its...

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