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/crypto

Mastercard and Coinbase in bidding war for stablecoin firm BVNK - Fortune

Mastercard and Coinbase are battling it out to acquire stablecoin infrastructure platform BVNK in a deal that could be worth up to $2.5 billion, according to Fortune.

/wholesale

JPMorgan tells staff to register biometric data to access new HQ

JPMorgan Chase staffers will have to scan their fingerprints or eyes, rather than their ID badges, to access the bank's new New York headquarters.

/wealth

SoftBank in talks for $5 billion margin loan

SoftBank Group is reportedly asking global banks to borrow $5 billion as founder Masayoshi Son pours funding into AI investments.

/regulation

China probes Qualcomm for antitrust violation

US semiconductor manufacturer Qualcomm is under investigation in China for allegedly breaching antitrust laws for its acquisition of Autotalks.

/ai

Klarna and Google ink AI deal

Klarna has signed on to use Google Cloud's full AI stack, from infrastructure, to platform, to models.

/crypto

Citi invests in stablecoin outfit BVNK

Citi is the latest big-name traditional financial services player to invest in stablecoin infrastructure platform BVNK.

/ai

Google signs FS firms to new Gemini Enterprise agentic platform

Commerzbank, Macquarie Bank and insurance player Signal Iduna are among the first firms to use Google Cloud's new Gemini Enterprise agentic platform.

/payments

Cross-border payments fintech Routefusion raises $26.5m

Routefusion, an Austin-based financial infrastructure provider that helps platforms and FIs embed cross-border payments and multi-currency account capabilities, has raised $26.5 million in Series A funding.

/payments

Wise to launch travel card in India

UK-based fintech Wise has continued its push into the Indian market with the planned launch of what it claims is the Asian nation's first 'travel' card.

/markets

US shutdown could spark regional bank crisis says fintech CEO

The layoffs of federal workers in the US as a result of the government shutdown could create numerous blind spots in the regulation of the country's banking sector, says the CEO of a fintech startup.

/payments

G20's cross-border payments plan to miss 2027 deadline

Payment firms have reacted with disappointment to the news that a plan promoted by the G20 to make cross-border payments more efficient is set to miss its first deadline.

/ai

JPMorgan spends $2bn a year on AI, saves same amount - Dimon

JPMorgan Chase invests $2 billion a year developing AI, with the technology saving the bank about the same amount, according to CEO Jamie Dimon.