Fintech
The recent cancellation of the Disney+ Star Wars series The Acolyte has been attributed to its disappointing performance relative to its enormous production costs, which were estimated to reach nearly $231 million, translating to about $29 million per episode. In an interview with Vulture, Alan Bergman, co-chairman of Disney Entertainment,…
In a significant development, Spanish police have made progress in a year-old cold case concerning the disappearance of a 33-year-old Cuban man, known only by his initials, JLPO. The breakthrough emerged from unexpected evidence collected via Google Street View in the small town of Tajueco. Images from a Google Street…
In recent years, the discourse surrounding financial inclusion has expanded to consider a rather unconventional demographic: animals. A groundbreaking initiative involving a family of 19 mountain gorillas in Rwanda is at the forefront of this intriguing concept known as “interspecies money.” Instead of assigning traditional financial resources to these animals,…
Nala, a fintech startup founded in 2018 by Benjamin Fernandes, has recently secured $40 million in funding to create its own payment rails, facilitating global money transfers to and from Africa. Initially launched to enhance domestic money transfers in Tanzania, Nala faced significant setbacks, including legal challenges from a major…
A recent study conducted by Uplevel, a coding metrics analysis firm, has brought into question the effectiveness of AI coding assistants like GitHub Copilot in enhancing developer productivity and reducing burnout, despite the optimistic claims surrounding these tools. The rise of generative AI has led to the increased development of…
During a recent vice presidential debate, Minnesota Governor Tim Walz engaged in a contentious discussion with Senator JD Vance regarding the issue of social media censorship. Walz attempted to minimize the concerns voiced by conservatives about censorship by likening their criticisms of the government’s handling of coronavirus to the phrase…
Bank of America recently addressed customer concerns regarding difficulties accessing their accounts and balance information, as reported by CBS News. The bank acknowledged the issue, attributing it to a glitch affecting some clients. In a statement, Bank of America indicated that these problems were being addressed and had mostly been…
Constellation Energy is seeking to obtain a $1.6 billion federal loan guarantee to finance its initiative to restart the shuttered Three Mile Island nuclear power plant in Pennsylvania. This project aims to generate electricity solely for Microsoft, which intends to use this power to support its rapidly expanding artificial intelligence…
Toyota has made a significant commitment to the future of urban transportation by investing an additional $500 million into Joby Aviation, a pioneering electric air taxi developer based in California. This latest funding round elevates Toyota’s total investment in Joby to approximately $894 million since it first backed the startup…
In 2023, fintech companies are diversifying their services by venturing into advertising, driven by the increasing need for valuable consumer data in the advertising landscape. PayPal, for instance, recently launched PayPal Everywhere, a program that allows users to earn rewards for transactions both in retail stores and online, appealing to…
In a concerning development for national security, a significant cyberattack has compromised a police account within the Netherlands, exposing work-related contact details of nearly all Dutch police officers. Dutch Justice and Security Minister David van Weel addressed lawmakers regarding the breach, indicating a high probability that the intrusion was orchestrated…
Zach Perret, the cofounder and CEO of Plaid, took the stage at the company’s annual customer conference, radiating confidence as he pushed forward Plaid’s vision amidst a challenging market landscape. Founded twelve years ago, Plaid was once valued at $13.4 billion during a euphoric peak for fintech in 2021, but…
Sima Gandhi, following the sale of her fintech startup Creative Juice in 2023, has taken on a significant new venture aimed at addressing the compliance challenges faced by fintechs. Creative Juice was founded in late 2021 to offer digital banking services and funding to creators like YouTube influencers. However, the…
Rep. Adam Schiff, a Democratic Congressman from California, is making headlines by urging major tech companies to combat the spread of what he describes as election misinformation and disinformation as the 2024 election approaches. Schiff, alongside several Democratic colleagues, addressed a letter to the CEOs of prominent platforms such as…
© 2025 Arcalis News. All Rights Reserved.