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ACI Worldwide Names Thomas Warsop CEO
ACI Worldwide Names Thomas Warsop CEO
May 31, 2023  |  Personnel

ACI Worldwide has named Interim CEO Thomas Warsop as its official CEO and president. Warsop, a FinTech veteran and long-time board member, will become chief...

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JPMorgan Chase CEO Jamie Dimon Hints at Political Ambitions
JPMorgan Chase CEO Jamie Dimon Hints at Political Ambitions
May 31, 2023  |  Politics

J.P. Morgan Chase CEO Jamie Dimon said he loves his job but has considered running for public office. Asked in an interview if he had ever considered doing so, Dimon...

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FHA Will Temporarily Reduce Some Borrowers’ Mortgage Payments
FHA Will Temporarily Reduce Some Borrowers’ Mortgage Payments
May 31, 2023  |  Loans

The federal government reportedly has a plan to help borrowers behind on their mortgage payments. The Federal Housing Administration (FHA) is expected to unveil its...

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Instacart Lets Customers Pick Their Favorite Shoppers
Instacart Lets Customers Pick Their Favorite Shoppers
May 31, 2023  |  Retail

Instacart is testing a feature that allows users to pick their favorite shoppers. “We often hear that both customers and shoppers would love the ability...

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Report: ByteDance Among Bidders for Wanda Payments Unit
Report: ByteDance Among Bidders for Wanda Payments Unit
May 31, 2023  |  Acquisitions

China’s Dailan Wanda Group is reportedly selling its payments business to boost liquidity. The multinational conglomerate has held discussions about the sale with prospective buyers...

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Tabby Expands BNPL Offering With $350 Million Debt Facility
Tabby Expands BNPL Offering With $350 Million Debt Facility
May 31, 2023  |  BNPL

Tabby says new financing will let it expand its buy now, pay later (BNPL) service. The Dubai-based FinTech announced Wednesday (May 31) it had closed...

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Fidelity Slashes Value of Its Twitter Stake Once Again
Fidelity Slashes Value of Its Twitter Stake Once Again
May 31, 2023  |  Investments

Twitter is now worth a third of the $44 billion Elon Musk paid for it. That’s according to a recent assessment by Fidelity, which has...

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SEC Looking Into Withdrawals Made From Silicon Valley Bank
SEC Looking Into Withdrawals Made From Silicon Valley Bank
May 30, 2023  |  Banking

The Securities and Exchange Commission (SEC) is reportedly looking into withdrawals made from Silicon Valley Bank before it collapsed. One focus of the inquiry is whether executives...

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Attorneys Face Sanctions After Citing Case Law ‘Hallucinated’ by ChatGPT
Attorneys Face Sanctions After Citing Case Law ‘Hallucinated’ by ChatGPT
May 30, 2023  |  artificial intelligence

Two attorneys may face judicial sanctions after citing cases that were made up by ChatGPT. The attorneys could even be disbarred after using information “hallucinated”...

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