The Buy Now, Pay Later (BNPL) scene in the U. S. is booming, with big names like Affirm, Afterpay, and Klarna leading the pack. These companies are teaming up with major retailers to offer flexible payment plans, making BNPL a go-to choice for many shoppers, especially younger ones. The market is expected to grow by 12. 2% in 2025, reaching $122. 26 billion, and it's...
Some of the biggest banks in the U. S. are in the spotlight after a cyber attack hit a company they work with. SitusAMC, which helps manage real estate investments, found out about the breach on November 12. They think some client files might have been exposed. These files include financial records and legal documents. The attack wasn't caused by encrypted malware, ...
Meghan Sonderegger has climbed the ranks at Union Bank & Trust (UBT) and is now the Vice President of Treasury and Payments. She's been with the bank since 2005 and has focused on improving digital products for both retail and business customers. Sonderegger is not just about work. She gives back to her community by volunteering at her children's schools. This shows...
Intuit and OpenAI have joined forces in a major deal. This partnership aims to bring Intuit's financial tools to ChatGPT. The deal is worth over $100 million for OpenAI. It will help Intuit reach more users and make its services more accessible. Intuit's products like TurboTax, QuickBooks, Credit Karma, and Mailchimp will now be connected to ChatGPT. This means user...
LevelField Financial Inc. is making waves in the financial world. They just got the okay from Illinois to buy Burling Bank. This is a big deal because LevelField wants to create a bank that works with both regular money and digital currencies like Bitcoin. But before they can celebrate, they need one more approval from the Federal Reserve. The Illinois Department of...
Janney Montgomery Scott, a firm owned by KKR & Co. , is making some big changes. They're in talks to sell off parts of their business. Specifically, they're looking to sell their division that advises banks and their institutional equities business. This sale is part of a larger plan to focus more on wealth management. The potential buyer is Brean Capital. This deal...
Vanguard is making a significant move by introducing three new actively managed exchange-traded funds (ETFs). These ETFs will be overseen by experienced managers who already handle some of Vanguard's most well-known mutual funds, like Vanguard Dividend Growth. This marks Vanguard's first attempt at active ETFs managed by stock pickers, and it's also a first for Welli...
Securitize, a company specializing in tokenization, has launched a new fund on the Ethereum network. This fund, called the Securitize Tokenized AAA CLO Fund (STAC), focuses on collateralized loan obligations (CLOs). These are bundles of corporate loans divided into different risk levels. The safest ones, rated AAA, usually attract big investors. BNY, a massive finan...
SoFi Technologies is about to share its third-quarter results, and all eyes are on this online finance company. Investors and analysts are eager to see if SoFi can keep up its strong performance. SoFi's earnings report is expected to show a profit of 9 cents per share and revenue of about 895 million dollars. This would mean a big jump of over 28% in revenue compare...
Clara Capital has hit a big milestone. They've lent over $350 million to small and medium-sized businesses. This company uses AI to make things faster and easier for both businesses and their partners. The CEO, Ryan Adwar, says their AI-first approach cuts down the time it takes to get a funding offer. It used to take days, now it takes hours. This speed doesn't com...