On the agenda today:
Let’s get started.
PayPal announced a handful of new features – including bill payments, early paycheck deposits, and high-yield savings – as part of its app relaunch. The company’s mission to reach 1 billion active daily users pits it against Google Pay and Square in the battle to become the go-to digital wallet. What we know about the upcoming super app.
Apoorv Saxena, JPMorgan’s global head of AI technology, is leaving the bank after three years. Saxena, who was responsible for building the bank’s AI system, told Insider he’s leaving because he got “an even better opportunity to make a larger impact.”
In a leaked recording, Merrill Lynch President Andy Sieg said the firm’s financial advisors should not expect a “large-scale change” to the structure that dictates their pay, even as the battle to retain talent rages on. Here’s what he told staffers.
After securing a major investment from private-equity firm Advent International, e-commerce unicorn Assembly is looking to hire 200 people and acquire more companies. How it plans to use its “significant” investment.
Aladdin – short for asset, liability, debt, and derivative-investment network – is BlackRock’s portfolio-management and investment risk-analytics system, and has driven $1 billion in annual technology revenue last year. These nine BlackRock execs are powering the growth of Aladdin.
As valuations continue to climb, searching for private-equity managers has become more difficult, according to investment professionals at billion-dollar institutions. Three investors shared what they’re looking for – and the challenges they’re facing.
The US Treasury Department announced it will sanction Russian-owned Suex for its role in laundering financial transactions for ransomware actors. The move marks the first time the agency has blacklisted a cryptocurrency exchange.
On our radar: