BioCatch uses artificial intelligence to analyze data points, including keystroke and mouse activity, touch screen behavior, AI agent usage and jailbroken devices, to prevent fraud and financial crimes.
The once-high-flying firm Situational Awareness, whose founder is 24, has been bailed out by Kenneth Griffin’s Citadel, according to three people briefed on the transaction.
Situational Awareness, an AI -focused hedge fund founded by a former OpenAI researcher, has sold all of its public equities portfolio to Ken Griffin's Citadel, a source tells Axios. Why it matters: This comes amidst a recent sell-off in AI stocks, particularly chipmakers. - News of a sale was first reported by the WSJ . Catch up quick: Former OpenAI researcher Leopold Aschenbrenner founded Situational Awareness after being fired from OpenAI in 2024, over an alleged information leak that he disputes. It recently reported around $20 billion in assets under management. - Early investors included Stripe cofounders Patrick and John Collison, plus former GitHub CEO Nat Friedman, and ex-Apple employee Daniel Gross. Zoom in: Just yesterday, the…
‘Banks are to find an edge in payments’
Some of the nation’s largest banks are reportedly exploring a deal that could allow them to sidestep debit card fee limits imposed under the Obama administration, reopening a long-running fight over government regulation of the payments industry. The Wall Street Journal reported Monday that JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services have held preliminary discussions about acquiring a debit payments network owned by fintech company Fiserv. According to the Journal, ownership of the network could allow the banks to avoid interchange fee caps created by the Durbin Amendment, a provision of the 2010 Dodd-Frank Act. BREAKING: Banks including JPMorgan, Bank of America, and Wells Fargo are in talks acquire a…Open
Traditional financial firms are rapidly embracing crypto , marking a turning point for an industry that once viewed digital assets as a threat. Why it matters: A long-running rivalry between Wall Street and crypto is disappearing, with financial institutions racing to meet growing demand for digital assets from retail and institutional investors. What they're saying: "Nearly all traditional financial services companies are gonna offer crypto, bitcoin, ethereum to their customers," David Ripley, the co-CEO of cryptocurrency exchange Kraken, told Axios on Tuesday. - Ripley called this "a big story of 2026." Banks and brokerages are responding to demand from retail investors, institutions and wealthy clients. The big picture: A collision of…
Public Domain Pictures The digital euro ranks among the most ambitious projects within the political architecture of the European Union.
The new app, created by financial technology company Robinhood and bank BNY Mellon, will be available to download from Apple and Google app stores.
Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
The DOJ has reached a deal with PayPal over an investigation into its minority-owned business program.