HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
HSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution…
China’s truck industry is buying more driver-assist technology
BEIJING — China’s truck industry is finding more reasons to buy vehicles with assisted-driving technology. It’s a critical step toward…
Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top…
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit,…
Block shares surge after earnings beat and increased full-year guidance
Shares of fintech firm Block surged as much as 19% in after-hours trading Thursday, after the company reported third-quarter earnings…
Reid Hoffman-backed PAC may fund primary campaign against progressives Rashida Tlaib, Cori Bush
A political action committee funded largely by LinkedIn co-founder Reid Hoffman may be on the brink of launching a primary…
Amazon unveils buy now, pay later option from Affirm for small business owners
Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use…
Fintech giant Revolut appoints new UK boss amid struggles to get banking license
European fintech firm Revolut on Thursday said it appointed former Barclays executive Francesca Carlesi as its new U.K. CEO. Carlesi,…
UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China
The U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting…
