Alibaba's Ant Financial payments unit, which operates Alipay, is seeking uses for blockchain as it tries to quadruple its user base in the next ten years.
Eric Jing, Ant Financial's CEO, told
The innovation will drive an aggressive growth plan for Ant Financial's Alipay. Alipay's mobile wallet has about 450 million users, and Ant hopes to expand that to 2 billion in the next decade.
A new survey finds that fraud losses have jumped significantly in the last year, with digital channels and check fraud posing the biggest threats.
Comerica Bank in Dallas has been around since before the Civil War. But the banking crisis of 2023 tamped down on its access to low-cost funding, and the problem persisted until it finally decided to sell itself.
Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the gradual pace of price increases from tariffs being passed on to consumers may prolong the one-time inflationary effect of the tariffs to the point where it affects consumers' inflation expectations.
An appeals court upheld a nine-figure default judgment against Nexus Services, Libre by Nexus and three individuals who scammed immigrants held in custody by ICE.
TD Securities began making OpenAI's ChatGPT available to traders in June and it's become a "massive time save," according to Chief Information Officer Dan Bosman.
The superregional bank inked its merger agreement with FirstBank just two weeks after it saw the first draft of the agreement.
