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Loading… Loading… In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General Catalyst could finalize its latest fund as
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Loading… Loading… Editor's note: The headline of this story has been updated to reflect that Interactive Brokers' new desktop product is in addition to, rather than a replacement of, the TWS platform. Interactive Brokers Group Inc IBKR recently launched an updated desktop trading applicationfor Windows and Mac users. Benzinga spoke with Steve Sanders, the firms
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Donald Trump’s “hush money” trial is set to resume with his former lawyer and “fixer” Michael Cohen to resume testimony. Trump’s lawyers plan on undermining Cohen’s version of events and portraying him as a liar during cross-examination. Cohen previously testified to having lied to Congress, misleading the FEC, and writing phony check stubs to cover
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Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, confirming months of speculation that it had made a big new investment. Berkshire owned 25.92 million Chubb shares as of March 31, according to a regulatory filing detailing Berkshire’s US-listed holdings as of that date. The disclosure sent Chubb’s share price to a record high
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Loading… Loading… While higher interest rates make bonds appealing, navigating the buying process may be challenging, especially for inexperienced retail investors. OpenYield emerges as a better way to capitalize on high interest rates. Founded by CEO Jonathan Birnbaum and CTO Hilton Lipschitz, this fixed-income trading platform caters to the resurgent interest in bond investments. It
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Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
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Loading… Loading… Editor's note: The headline of this story has been updated to reflect that Interactive Brokers' new desktop product is in addition to, rather than a replacement of, the TWS platform. Interactive Brokers Group Inc IBKR recently launched an updated desktop trading applicationfor Windows and Mac users. Benzinga spoke with Steve Sanders, the firms
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Loading… Loading… In the ever-evolving landscape of Business-to-Business (B2B) transactions, staying abreast of technological advancements is not just advantageous; it's essential for survival. As businesses navigate the complexities of modern commerce, one innovation stands out as a game-changer: virtual cards. These digital payment solutions are revolutionizing the way B2B transactions are conducted, offering a myriad
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Loading… Loading… The Financial Transaction Services industry is likely to be aided by the widespread adoption of digital means. To capitalize on the trend, the industry players remain equipped with efficient digital solutions suite built on collaborations and technology investments. Consumer spending habits remain favorable, which may boost transaction volumes. An uptick in cross-border volumes
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Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
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Loading… Loading… Janover IncJNVR announced that it achieved significant year-over-year growth in lenders on its fintech platform in 2023, providing borrowers access to a broad range of competitive loan products. In 2023, Janover noted a766% growth in banking originator sign-ups, a 647% increase in credit union originator sign-ups, and a 445% boost in the other
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