Rafael Ortiz

Fintech

Nestlé Nespresso sales push targets households with tighter budgets

Nestlé reported a slight half-year sales dip as coffee supported organic growth and Nespresso sought new machine buyers.

By Rafael Ortiz · 1 month ago

Fintech

Consumer AI coding tools turn niche problems into working apps

AI coding platforms are letting non-developers build tools for renters, parents and small businesses from plain-language prompts.

By Rafael Ortiz · 1 month ago

Fintech

Trulioo UBO Discovery Agent launches for beneficial ownership checks

Trulioo says its AI agent helps compliance teams identify ultimate beneficial owners when registry data is incomplete.

By Rafael Ortiz · 1 month ago

Fintech

KYC better data rules shift bank focus from forms to validation

A Finextra opinion says US KYC clarifications allow more third-party and pre-filled data, raising the bar for bank validation cont...

By Rafael Ortiz · 1 month ago

Fintech

Treasury deceased payees screening flags $99 million in payments

The Treasury review screened $2.77 trillion in transactions and sent flagged payments back to agencies before funds were released.

By Rafael Ortiz · 1 month ago

Deals

Aypa Power Brookfield deal values battery storage platform at $7bn

Brookfield will buy Aypa Power from Blackstone Energy Transition Partners, adding 35 battery storage projects in a $7bn transactio...

By Rafael Ortiz · 1 month ago

Fintech

Albertsons sales forecast cut as lower-income shoppers trade down

Albertsons lowered its fiscal-year sales outlook as value-seeking grocery shoppers shift toward private label products and cheaper...

By Rafael Ortiz · 1 month ago

Fintech

Main Street Capital Access Act passes House in 270-155 vote

The House approved a bill easing rules for smaller banks, with merger, capital and examination changes now headed to the Senate.

By Rafael Ortiz · 1 month ago

Fintech

Apple virtual shopping assistant appears in Apple Store app policy

Apple’s privacy policy references a retail chat tool, though no launch has been announced, as retailers shift budgets toward AI sh...

By Rafael Ortiz · 1 month ago

Fintech

Skyfall AI CEO plan would put software in charge of a small business

Skyfall AI plans to buy a small SaaS or eCommerce company and let its AI run core functions while humans handle legal duties.

By Rafael Ortiz · 1 month ago

Fintech

AI Kill Switch Act would give DHS power to slow or halt rogue systems

House bill would require top AI developers to retain shutdown tools and let DHS order action against systems posing catastrophic h...

By Rafael Ortiz · 1 month ago

Fintech

Tesla Optimus robot enters Fremont production as Musk touts visual learning

Tesla says Optimus has started production in Fremont, adding a new manufacturing challenge as margins narrowed and capex is set to...

By Rafael Ortiz · 1 month ago