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Start-up has raised far less in funding than OpenAI, and is yet to present a convincing business model
Asian trustee of German payments firm admits fabricating documents
And the BoJ fiddles
Company has to replace chief executive Anne Boden and decide on its strategic future
Too fast too usurious
Plus, an update on Sam Bankman-Fried’s evolving charge sheet
BNPL can be useful but it should be monitored alongside other forms of consumer credit
US central bank’s move will enable Americans to move money electronically in seconds
Technology can improve customer service, ID checks and fraud prevention but concerns remain over decision making and impersonation
Algorithms are already being used to check payment balances, detect suspicious transactions, and optimise insurance pricing
Computer-driven hedge funds and proprietary traders attracted by off-exchange market’s improved liquidity
Regulator concerned about potential mis-selling as financial companies look to incorporate artificial intelligence
More problems for fintech as it waits for UK banking licence
Fintech giant offers to repurchase shares at greatly reduced $78bn valuation following ‘rectification’
Collapse in value of non-fungible tokens is due in part to rising rates and falling crypto prices
Purchase of interest in payments arm by GTCR will include massive $8.4bn bank financing package
Wall Street has begun taking a sceptical view of the previously go-go fintech industry
The country’s financial industry cannot be left behind in a trend that will lower costs and risks in markets
He sparked a revolution in the way financial markets are understood
Private equity firms explore deal that would value payments provider at more than $15bn
Barring younger traders from holding US stocks in Isas risks subtracting investor engagement
Activities give sense of the importance Chinese companies in several sectors attach to country’s potential
UK fintech expects benefits from monetary tightening to continue
Payroll group cashes in on SVB collapse
Record sale for collapsed crypto hedge fund’s pieces comes despite broader downturn in market for digital assets
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