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Fintech, Crypto CEOs Urge US President To Block Banks' Data-Access Fees

2 months 4 weeks ago
Top fintech and crypto executives urged the Trump administration to block US banks from charging fees for access to customer data, levies that strike at the heart of their business models. From a report: Klarna, Robinhood and crypto exchange Gemini were among a long list of companies, investors and lobbying groups that signed a letter sent Wednesday to President Donald Trump, arguing that the proposed fees would "cripple" innovation and "may cause small businesses and financial tools to shut down entirely." JPMorgan Chase has told fintechs and the data aggregators they rely on that the bank's customer account information will no longer be accessible without a charge. JPMorgan, the biggest US bank, views the data aggregators as freeloaders of sorts who access data without paying and then charge their fintech clients for it. PNC Financial Services is considering charging similar fees. "We urge you to use the full power of your office and the broader administration to prevent the largest institutions from raising new barriers to financial freedom," they said in the letter. "We cannot allow the most powerful, entrenched banks to close the door on a more open and modern financial system."

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Vibe coding platform Anything arrives, our hands-on suggests caution

2 months 4 weeks ago
Making apps is as easy as selling t-shirts, claims vibe coding startup

Hands On  Create has declared its vibe coding platform, now called Anything, production-ready at version 1.0, with support for both web and mobile applications – although our quick hands-on generated a host of errors.…

Tim Anderson

Lenovo's PC Business Surges To 15-Quarter High With AI Models Leading The Charge

2 months 4 weeks ago
BrianFagioli writes: Lenovo is starting its fiscal year with a major win, delivering record-breaking PC sales and claiming dominance in the AI PC space. For the first quarter of its 2025/26 fiscal year, the company reported $18.8 billion in revenue, which is 22 percent higher than the same period last year. Profit came in at $505 million, more than double the figure from a year ago. The standout performer was Lenovo's PC and smart devices division. It posted its fastest growth in 15 quarters and secured a record 24.6 percent global market share. More than 30 percent of Lenovo's PCs shipped in the quarter were AI PCs, giving it the top position in the Windows AI PC segment with a 31 percent market share. This leadership is an important talking point for Lenovo as it continues to market AI features as a key reason for buyers to upgrade.

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