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Klarna said Wednesday (Feb. 25) that the number of people using its app on a daily basis rose by 53% over the past year and now stands at 9 million.
The company said in a press release that this growth demonstrates more frequent use of Klarna’s banking, spending and shopping services as customers make these services part of their everyday money management.
The growing usage also comes...
The RealReal’s latest earnings message is less about a single quarter’s sales tally and more about how the luxury reseller thinks artificial intelligence can rewire the work behind every listing, from deciding which sellers to pursue to getting more items authenticated, described and priced fast enough to meet demand.
On the Q...
Comptroller of the Currency Jonathan Gould said Thursday (Feb. 26) that he will consider sharing the unredacted bank charter application of World Liberty Financial, the decentralized finance company co-founded by members of the Trump family, with the chairman and the ranking member of the Senate Banking Committee, Sens. Tim Scott, R-S.C., and Elizabeth Warren, D-Mass.
Gould said this...
Einride, a developer of digital, electric and autonomous freight solutions, raised $113 million in private investment in public equity (PIPE) financing to support a proposed business combination it announced in November.
The transaction values Einride at $1.35 billion, pre-money, the company said in a Thursday (Feb. 26) press release.
The company will use the proceeds from the PIPE to...
Block’s massive staff cuts dominated the news surrounding its fourth quarter earnings release and conference call Thursday (Feb. 26).
As the company culls its workforce from more than 10,000 employees to just under 6,000, Block also used the call to point to accelerating growth in its banking ecosystem, in terms of active users, transactions and Cash App at the center of that ecosystem...
Apple asked a federal judge Thursday (Feb. 26) to dismiss a proposed class action lawsuit that alleges the company defrauded shareholders, Reuters reported Thursday.
The plaintiff alleges that Apple overstated its progress in adding artificial intelligence features to its voice assistant Siri and that the company misrepresented its ability to comply with a 2021 injunction in a case...
The Brink’s Company plans to acquire NCR Atleos in a cash and stock transaction valued at $6.6 billion, creating a “leading financial technology infrastructure company,” the firms said in a Thursday (Feb. 26) press release.
The companies have entered into a definitive agreement on the acquisition, and they expect the transactions to close in the first quarter of 2027, subject to...
Tools for Humanity, the iris-scanning company co-founded by Sam Altman, is partnering with well-known brands to promote its World ID, The Wall Street Journal reported Thursday (Feb. 26).
“I think we’re right at the precipice right now of the moment where we don’t have to say anything, where our partners are going to do all the talking,” said Tools for Humanity Chief Business Officer...
A merchant’s returning customer attempts to complete a $1,800 luxury purchase on a mobile device, mistypes a password twice, triggers a reset email and leaves before the link arrives.
A reused password harvested in an unrelated breach enables a criminal to access a stored wallet and drain loyalty points.
Call them the twin engines of commerce’s breaking point: Authentication failure...
Artificial intelligence (AI) and machine learning are playing a key role in TD Bank Group’s “No. 1 priority,” its U.S. anti-money laundering (AML) remediation program, an executive said Thursday (Feb. 26) during the bank’s first quarter 2026 earnings call.
TD Bank continued to make progress on this program during the quarter and launched a new know-your-customer (KYC) platform for its...