How AI has been helping criminals who use deepfakes and voice cloning for financial scams, forcing banks and fintechs to invest in AI to counter fraud
Siddharth Venkataramakrishnan / Financial Times : X: @svr13 . LinkedIn: Anne-Marie Edmonds X: Siddharth Venkataramakrishnan / @svr13 : Amid all the guff of AGI, the experience of Paddric - who was ta...
Despite the UK's chancellor lauding its “world-beating fintech sector”, London has been waning as a fintech hub, as startups call for reforms amid SVB UK's bust
Siddharth Venkataramakrishnan / Financial Times :
Klarna reports a ~$1B net loss in 2022, up 47% YoY, and Q4 revenue up 19% YoY to ~$534M, driven by US GMV rising 71% in 2022, as the BNPL industry struggles
Key performance metrics The information is presented for Klarna Holding AB (publ), if not otherwise stated. Aisha S Gani / Bloomberg : Klarna Narrows Losses as Growing Customer Base Keeps Repaying Fin...
Klarna confirms raising $800M at a $6.7B valuation, down from $46B in June 2021, including from new investors Mubadala and Canada Pension Plan Investment Board
Siddharth Venkataramakrishnan / Financial Times :
Thought Machine, a cloud-based infrastructure provider for 35+ banks globally, raises a $160M Series D at a $2.7B valuation, up from $1B+ in November 2021
Siddharth Venkataramakrishnan / Financial Times :
Profile of Tether CEO Jean-Louis van der Velde, who previously ran a company in China that faced lawsuits over unpaid bills and fines for late tax payments
Jean-Louis van der Velde's career offered few clues that he would become a key figure in fast-growing industry Tweets: @svr13 and @kadhim Tweets: Siddharth Venkataramakrishnan / @svr13 : Huge kudos to...
A look at “creepypasta”, ghost stories such as Slender Man that spread online, and how decentralized myth-making can explain the rise of meme stocks and QAnon
Siddharth Venkataramakrishnan / Financial Times : Tweets: @izakaminska , @pkedrosky , @carnage4life , and @svr13 Tweets: Izabella Kaminska / @izakaminska : A cracking Halloween weekend read on @FTAlp...
Coinbase says a threat actor stole cryptocurrency from 6,000 customers between March and May 20 using a vulnerability in its SMS multi-factor authentication
Report Niket Nishant / Reuters : Coinbase says hackers stole cryptocurrency from at least 6,000 customers Linas Kmieliauskas / cryptonews.com : At Least 6,000 Coinbase Clients Robbed This Spring, Exch...
Circle, which says the value of its USDC stablecoins passed $26B+, has made info on its reserves more opaque in recent months, ahead of going public via SPAC
Siddharth Venkataramakrishnan / Financial Times : Tweets: @jessefelder , @adamsamson , @retheauditors , @retheauditors , @retheauditors , and @retheauditors Tweets: Jesse Felder / @jessefelder : “Why...