In the blogs: Hoisting the FIFA trophy

OpenAI CEO Sam Altman says he worries that AI will one day be controlled by a handful of companies, models, or people, leaving the vast majority of consumers without a say in how the technology shapes the world. “The right approach is to say we want people deeply in control of the future,” Altman said…

Flexible Finance aims to secure a Utah industrial bank charter to support its flexible rent payments solution Flex Rent. The company has submitted applications to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to charter a Utah state-chartered industrial bank called Flex Bank, it said in a Friday (July 24) press release. Flex Bank would…

Enova doesn’t want its customer relationships to end when the loan is repaid. That’s the larger ambition behind the lender’s pending acquisition of Grasshopper Bank, Enova CEO Steve Cunningham told PYMNTS CEO Karen Webster. What may look like a familiar play for deposits, funding costs and a bank charter is, in Cunningham’s telling, a chance…

Most independent advisory firms are great at winning new clients, managing investments and helping navigate their financial lives. But recruiting, developing and hiring staff have been among the top challenges for registered investment advisors over the last several years. The talent search strategy has often consisted of asking around to family and friends, wholesalers, custodians…

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