Michael Roddan

2 weeks ago | theinformation.com | Michael Roddan

Source: The InformationFast-growing fintech company Deel, frustrated it was falling behind serving crypto trading firms, teamed with a crypto compliance firm to catch up. That company, LiquiFi, was later accused of using stolen data to speed the project. LiquiFi was accused in a lawsuit launched by rival Toku late last year. Deel was not accused of wrongdoing or having any knowledge of allegedly stolen data being used in its product.

3 weeks ago | theinformation.com | Michael Roddan

Source: The InformationA federal judge halted agencywide job cuts at the Consumer Financial Protection Bureau a day after employees at the agency received termination notices that would have cut 90% of staff. U.S. District Judge Amy Berman Jackson on Friday said she would be issuing a written order blocking the layoffs, according to Bloomberg.

1 month ago | theinformation.com | Michael Roddan

Until this week, I didn’t know Keith O’Brien existed. The payroll compliance manager—and now accused corporate spy—was suddenly very interested in me. O’Brien’s curiosity was piqued last month when I was writing a story about a bitter feud between his company, Rippling, and its archrival, Deel. O’Brien allegedly searched for my name in Rippling’s Slack channels 15 times. He searched for the name of this publication, The Information, 31 times. O’Brien appeared in an Irish courtroom Wednesday.

2 months ago | theinformation.com | Michael Roddan

Source: The InformationKlarna eked out a slim $21 million profit last year after a series of annual losses following an international expansion into the U.S., according to the the Swedish buy-now, pay-later company’s prospectus filed on FridayKlarna, which is preparing to IPO on the New York Stock Exchange, also revealed revenue grew 24% to $2.8 billion last year–faster than the 20% growth rate a year earlier.

2 months ago | theinformation.com | Michael Roddan

The sudden rise of DeepSeek represents an opportunity for banks and financial firms to access a low-cost but still sophisticated artificial intelligence model—if only it wasn’t from China. Geopolitical tensions between Washington and Beijing, along with perceived security risks posed by the Chinese-made AI tool, have kept U.S. banks from even experimenting with DeepSeek. Banks on the other side of the Atlantic appear to be less worried about such matters.