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Digital financial services platform Nubank said it intends to obtain a banking license in Brazil in 2026.
Nubank is doing so to comply with a new rule issued by Brazil’s central bank and National Monetary Council, the company said in a Wednesday (Dec. 3) press release.
The rule prevents nonbank companies from using the word “bank” in their brands, Bloomberg reported Wednesday.
Nubank...
Finexio and RipplePoint have formed a strategic partnership to offer hospitality operators an integrated accounts payable (AP) automation and expense analytics platform, the companies announced Tuesday (Dec. 2). The move aims to help hotels, resorts and restaurant groups cut operating costs and unlock new AP-driven revenue amid mounting labor pressures and rising financial complexity....
Sports commerce and gaming platform Fanatics is formally entering the event-wagering sector with the launch of Fanatics Markets, a prediction market platform rolling out across 24 states this week, the company said Wednesday (Dec. 3).
The platform, which allows users to trade contracts on the outcomes of events ranging from sports and culture to finance and politics, represents the...
Cryptocurrency exchange Binance has appointed Yi He, the company’s co-founder and executive leader, as co-CEO alongside Richard Teng, who has been CEO since 2023.
Teng announced the appointment during his keynote speech at Binance Blockchain Week, the company said in a Tuesday (Dec. 2) press release.
“Yi has been an integral part of the executive leadership team since the launch of...
Launching financial blockchain products for their customers is becoming a major case of get ready, set and wait for the traditional financial sector.
From stablecoins to tokenized deposits, bitcoin ETFs and digital asset treasury solutions, global financial institutions have used 2025 to tee up the releases of some of their most forward-thinking 2026 advances. But as the 118th...
The Financial Conduct Authority launched a new initiative on Wednesday (Dec. 3) to give U.K. financial firms a “safe space” to test artificial-intelligence systems in live markets under regulatory supervision. The program, called AI Live Testing, pairs participating firms with the FCA and its technical partner Advai to deploy AI tools in real-world conditions while monitoring performance, risks...
Global data and technology company Experian and United Kingdom RegTech firm CleverChain partnered to provide artificial intelligence-powered global due diligence intelligence to businesses that operate internationally.
These due diligence reports, which are now available to Experian clients, deliver contextual intelligence on ethical, reputational, operational and financial risks, the...
Albertsons Companies launched a new AI-powered shopping assistant across all of its banner websites on Wednesday (Dec. 3), marking one of the grocery sector’s most aggressive moves yet toward agentic commerce. The feature, branded as Albertsons AI, is positioned as a step-change in the retailer’s digital transformation as grocers race to streamline the path from product discovery to checkout...
Royal Bank of Canada (RBC) is on track to meet its target of $700 million to $1 billion of enterprise value from artificial intelligence by 2027, according to RBC President and CEO Dave McKay.
“Importantly, our target is net of investments, including building on investments already made in data storage, GPU clusters, proprietary LLMs, risk governance and in people,” McKay said...
Value-seeking customers at all income levels helped drive gains at Dollar Tree in the third quarter. High earners, with incomes of more than $100,000, were notable drivers of spending at the company’s locations, helping to boost same-store results.
The company posted third-quarter results Wednesday (Dec. 3) that showed revenues growing by 9.4% year over year to $4.7 billion. Comparable...