Por: NBC News Business December 01, 2022
A couple who founded an Arizona-based financial technology firm in the early days of the pandemic raked in an estimated $120 million in processing fees from handing out billions in Paycheck Protection Program loans even though their company did little to police fraud, according to a congressional report released Thursday. The report from the Select Subcommittee on the Coronavirus Crisis says the “fintech” firm Blueacorn transferred $300... + full article
Business Insider USA Business December 17, 2022
America's fintech darlings became the by easing the process for troubled small-business owners, but now they're in hot water over suspicions that they facilitated fraud.The US House Select Subcommittee on the Coronavirus Crisis released a this month that named... + más
House panel says lax screening helped facilitate PPP fraud | WPLG Local 10
House panel says lax screening helped facilitate PPP fraud | Associated Press
Forbes USA Business December 10, 2022
The future of fintech, according to AIgetty There has been an explosion in the computational power of artificial intelligence. To much fanfare, Open AI, a startup that raised $1 billion from Microsoft , , an interface to interact with their AI model. So this naturally felt like... + más
Market turbulence, inflation, geopolitical uncertainty prompt dip in fintech investment: KPMG | Fox Business
Morgan Stanley CEO James Gorman says there's about to be a washout of fintech valuations and a wave of consolidation. Here's how the bank is thinking about potential deals. | Business Insider
Associated Press USA Politics December 01, 2022
WASHINGTON (AP) — Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic, by a House investigations panel said Thursday.The... + más
PPP SMALL BUSINESS LOANS: How $525 billion in coronavirus-linked loans were spread across banks lenders | Business Insider
WPLG Local 10 USA Politics December 01, 2022
WASHINGTON – Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic, by a House investigations panel said Thursday.The House... + más
MarketWatch USA Politics September 29, 2022
Earlier this month, Houlahan and 39 other Democratic lawmakers signed onto a to SBA Administrator Isabella Guzman inquiring if her agency “has the legal authority needed to make amounts of PPP loans received due to ‘excess loan amount errors’ eligible for loan... + más
Conservative Group Asks Judge to Block Student Loan Forgiveness | Time
Fox Business USA Business September 24, 2022
Nicole Valentine, fintech director for the Milken Institute's Center for Financial Markets, talks about investing in the financial technology space. tumbled in the first half of 2022 as investors contended with geopolitical uncertainty, turbulence in the public markets, and... + más
What causes turbulence? | WGN-TV
Twitter pranksters derail GPT-3 bot with newly discovered “prompt injection” hack | Ars Technica
Business Insider USA Business September 23, 2022
In April 2020, the US government launched the historic Paycheck Protection Program (PPP) for banks to provide financial assistance to small businesses struggling amid the COVID-19 pandemic. A staggering $659 billion was allocated to the PPP across two separate installments, with... + más
Bayley Comments on Sasha Banks and Naomi's Hiatus, Potential Return to WWE | Bleacher Report
US has sent $8.28 billion in pandemic funds to local lenders | Associated Press
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