RT TheStreet (@TheStreet)NEWS: 175-year old fintech giant reveals plans to launch stablecoin on Solana. @solana | @WesternUnionhttps://t.co/atCi1G4NRI ...

Jason Owen claimed Martin Toha, the CEO of the credit data startup Array, promised him a large equity stake. A judge threw out Owen's case, saying the former chief strategy officer should've gotten it in writing. The company was valued at over $1 billion in 2022 and last raised money in 2023, Pitchbook data shows. A lawsuit against the billion-dollar fintech startup Array by an early employee who claimed he was owed as much as $70 million has been thrown out. Jason Owen, who was Array's chief stra ...

Circle Internet Group has deployed a public testnet for its open, layer-1 blockchain network, Arc. According to an Oct. 28 press release, over 100 organizations from the finance, business, and technology sectors have opted to test the new network. Notable participants include tech firms such as Amazon Web Services, Anthropic, and Cloudflare as well as financial services firms including BlackRock, Deutsche Bank, Goldman Sachs, and Standard Chartered. A new layer-1 blockchain The Arc network was first anno ...

GLOBE Telecom, Inc. on Tuesday said that a planned stock split by Globe Fintech Innovations Inc. (Mynt), operator of the popular e-wallet GCash, had been approved by the Securities and Exchange Commission (SEC). Changes to article seven of Mynt's articles of incorporation were approved by the company's board and shareholders in June. The SEC approval, Globe told the stock exchange, was received on Monday."As such, the number of common shares will be 71,659,120,400 with a par value of three centavos per shar ...

自明年起，ChatGPT 用户可直接通过 PayPal 完成支付，商家也能在该平台上销售商品。该协议标志着 OpenAI 在将 ChatGPT 拓展至电子商务领域方面迈出 新一步。 IT之家 10 月 28 日消息，贝宝（PayPal）宣布与 OpenAI 达成协议，将成为首个整合进 ChatGPT 的数字钱包服务。受此消息影响，PayPal 盘前一度暴涨 14%。 PayPal 首席执行官亚历克斯・克里斯（Alex Chriss）表示："我们拥有数以亿计忠诚的 PayPal 钱包用户，他们今后只需点击 ChatGPT 上的'使用 PayPal 购 买'按钮，即可享受安全、便捷的结账体验。" PayPal 称，公司将为其商家在 ChatGPT 内处理支付路由、交易验证及其他后台支付流程，无需商家单独与 OpenAI 签约。所有参与方 —— 消费者与商家 —— 均已通过 PayPal 验证，这将有助于降低交易欺诈风险。用户可通过关联的银行账户、信用卡或 PayPal 余额付款，并享受交易保护、包裹追踪及纠纷处 理服务。 克里斯补充说："这不仅是让交易发生，而是让一个由全球最大、最可信的商家与消费者组成的网络安全 ...

Circle Internet Group (NYSE:CRCL) is one of the stocks on Jim Cramer’s radar recently. A caller checked back with Cramer, noting that about two months ago, he had suggested waiting for a meaningful pullback before buying the stock, and asked what he thinks of the stock now. He replied: “You know what, I’ve come around to the idea that Circle is going to be a big company. It’s a fintech company for the next generation. One of the reasons is because I am a huge believer in digital assets, and I’m trying to ...

SoFi Technologies (NASDAQ:SOFI) reported earnings per share of $0.11, surpassing estimates and showcasing strong financial performance.The company has raised its full-year profit outlook for 2025, reflecting confidence in continued customer growth and profitability.Despite liquidity challenges indicated by a current ratio of 0.15, SoFi's moderate debt-to-equity ratio of 0.59 suggests a balanced approach to leveraging.SoFi Technologies, traded on the NASDAQ under the symbol SOFI, is a prominent player in the ...

智通财经APP获悉，周二，PayPal(PYPL.US)盘初大涨超11%，创三个月新高，报77.92美元。消息面 上，PayPal在最新公布的季度财报中上调了全年盈利预期，同时宣布与OpenAI达成合作，将其数字钱包 嵌入ChatGPT。 鉴于消费者支出势头持续强劲，PayPal将2025年调整后每股收益预期从7月公布的5.15-5.30美元，上调 至5.35-5.39美元。该公司还宣布了成立27年来首次派发股息计划，本季度将派发每股14美分的股息，这 显示出对其现金流及长期盈利能力的信心。 另外，PayPal在合作公告称，OpenAI的数亿用户已习惯借助其生成式人工智能(AI)技术搜索商品。此次 合作意味着PayPal将为这些搜索行为提供支付技术支持，帮助用户将浏览直接转化为实际购买。 ...

Core Insights - SoFi reported earnings of 11 cents per share, exceeding estimates by three cents, with revenue of $950 million, also above expectations. The company raised its guidance for the remainder of 2025 [1] Company Performance - SoFi experienced a strong quarter with a 35% year-over-year growth in members and a 36% increase in products, leading to a revenue growth of 38% [4] - The company has consistently achieved the "rule of 40" for 17 consecutive quarters, averaging 58% and reaching 67% this quarter, indicating durable growth and innovation [5] Product Strategy - The SoFi Money product is a key driver for customer acquisition, offering a high interest rate of 3.8% APY with no fees and reward points, attracting 6 million members [6][8] - SoFi's diverse product offerings enable a record 40% cross-sell rate this quarter, utilizing customer data to enhance borrowing, saving, spending, and investing [9] Competitive Landscape - SoFi is primarily taking market share from large banks, with $33 billion in deposits and a record addition of $3 billion in deposits this quarter [11] - The company does not face significant competition in student loan refinancing, as this product is not widely offered by major financial institutions [13] Technological Innovations - Two major technology trends impacting the fintech sector are AI and blockchain, with SoFi launching SoFi Pay for international payments via blockchain [15][16] - The company plans to be the first national bank in the U.S. to offer buy, sell, and hold crypto on its platform by the end of the year, along with launching a stable coin in Q1 [19]

From retailers to fintechs to automakers, all sorts of companies are pursuing banking licenses. Here's what to know https://t.co/4kIWIaDrWL ...