The serious, long-term negative impact of the bankruptcy of banking-as-a-service (BaaS) fintech Synapse will be significant “on all of fintech, especially consumer-facing services,” one observer has said. In the wake of that company’s collapse, other startups in the space are working hard to prove that not all BaaS are created equal.
As partners to fintechs, Unit CEO and co-founder Itai Damti, Synctera CEO and co-founder Peter Hazlehurst, and Treasury Prime general counsel and chief compliance officer Sheetal Parikh are working overtime to ensure their companies are operating in a compliant manner.
The trio will join us onstage at TechCrunch Disrupt 2024 to discuss the challenges facing the industry and how their offerings are being built to protect the customers served by their fintech clients. They will also talk about the specific ways their companies are operating to prevent another debacle like the one we’re witnessing with Synapse from happening again.
TechCrunch Disrupt, which will be held at the Moscone Center in San Francisco from October 28 to October 30, is the center of the startup universe. Join more than 10,000 startup leaders and VC industry players for three days of content surrounding the hottest topics in startup land, from AI to SaaS to space.
While venture capitalists and the rest of the technorati are off on holiday or attending the Paris Olympics, the U.S. Securities and Exchange Commission and its staff attorneys are keeping…
The serious, long-term negative impact of the bankruptcy of banking-as-a-service (BaaS) fintech Synapse will be significant “on all of fintech, especially consumer-facing services,” one observer has said. In the wake…
Google has released a trio of new, “open” generative AI models that it’s calling “safer,” “smaller” and “more transparent” than most — a bold claim, to be sure. They’re additions…
Look, we’ve all been there. You’re on a road trip and you pull off the highway for some food or fuel. And then Google Maps starts (rudely) yelling at you…
AI lobbying at the U.S. federal level is intensifying in the midst of a continued generative AI boom and an election year that could influence future AI regulation. New data…
Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday.…
The U.S. Copyright Office has issued the first part of a report on how AI may affect its domain, and its first recommendation out of the gate is: we need…
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A comprehensive list of 2024 tech layoffs
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the…
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code…
If you are on the developer beta, you can only use Apple Intelligence features if your language is set to U.S. English and region is set to U.S.
Hiya, folks, welcome to TechCrunch’s regular AI newsletter. This week in AI, Gartner released a report suggesting that around a third of generative AI projects in the enterprise will be…
More than 100 VCs, including Reid Hoffman, Vinod Khosla and Mark Cuban have pledged to vote for Vice President Kamala Harris in the upcoming U.S. presidential election. Mobilizing under the…
Match Group announced Tuesday that it has discontinued livestreaming services in its dating apps, resulting in a 6% reduction in workforce. The news was delivered during the dating app giant’s second-quarter…
This week’s video shows 4NE-1 doing a lot; in some sense, it’s doing more than we’ve seen from other humanoids in the space.
Bending Spoons said that it will continue reserving 30% of WeTransfer’s advertising space to give back campaigns and editorial content.
AI agents are all the rage right now, and Tezi, an early-stage startup, is working on one to help HR teams find the perfect candidates for a job opening. The…
Sybill, a startup that has built an AI assistant specifically for sales reps, has raised $11 million in a Series A round led by Greycroft.
Date Like Goblins is geared toward the gaming community and allows users to connect through voice chat while playing video games.
Farms produce a lot of data. From machines to irrigation systems, farms generate a lot of information that could be helpful to both them and the companies that serve them.…
The startup has raised $21.5 million to build more of its machines and deploy them throughout the U.S.
You can even upload a screenshot of a ticket, or a list of cities you are visiting and ask Mindtrip’s assistant to suggest places to visit, bars and restaurants.
Checkly helps devs get signals about an app’s performance and downtime, offering a set of subscription-based synthetic monitoring tools.
Lightrun also on Wednesday disclosed an $18 million SAFE round it raised last year, bringing Lightrun’s total funding to date to $45 million.
Threads users in the U.S. can now see a label that highlights related trending topics above posts.
Badoo, Bumble, Grindr, happn, Hinge and Hily all had the same flaw that could have helped a malicious user identify the near-exact location of another user.
Alex Cook, a partner at Tiger Global who oversaw some of its largest fintech investments and India deals, is departing the firm after a tenure of nearly seven years, three…
A lot of AI bills are flying around Congress these days, and OpenAI is throwing its weight behind some of them. OpenAI endorsed three Senate bills on Tuesday which could…
The software supply chain faces threats from all sides. A 2024 report by the Ponemon Institute found that over half of organizations have experienced a software supply chain attack, with…
The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged him with fraud and other offenses.
For one thing, Wiz could have seen Google’s offer as validation that it’s better off staying independent.