JPMorgan is getting in on the AI game, with plans to develop a ChatGPT-like AI that will help customers with their investments.
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FinTechUpdate
Anne Boden, Founder of Starling Bank, Is Stepping Aside As CEO
Anne Boden has served as CEO of Starling Bank since founding it in 2014, but has now announced she is stepping down.
Venmo Launches Venmo Teen Accounts
Venmo is launching a new type of account aimed at teenagers and provides added protections and safeguards.
IRS Is Creating a Free Tax Filing Service Over the Industry’s Objections
The Internal Revenue Service is moving forward with plans to unveil a free tax filing service, despite objections from the tax industry.
Revolut CFO Quits After Auditor’s Revenue Warnings
Revolut CFO Mikko Salovaara has quit, citing “personal reasons,” just weeks after an independent auditor raised concerns about the company’s revenue.
Judge Dismisses Shareholder Lawsuit Over Block’s Tidal Deal
A judge has dismissed a shareholder lawsuit against Block over its “terrible business decision” to purchase a majority stake in the Tidal music service.
TurboTax Sending Out Checks As Part of $141 Million Multi-State Settlement
TurboTax is sending out payout checks as part of a $141 million settlement with all 50 states and the District of Columbia.
DAME Tax: White House Calls for 30% Tax On Crypto Mining
The White House has proposed a controversial tax on crypto mining to help offset its economic and environmental impact.
Customers Deposit Almost $1 Billion in Apple Savings in Four Days
It appears Apple has another hit on its hands, although it’s not a tech product in the strictest sense.
First Republic Bank Falls; JPMorgan Takes Over Debts and Assets
First Republic has fallen despite an organized campaign by other banks to prop it up and avoid the same face as Silicon Valley Bank.