Picture this: a 28-year-old $400,000 in debt who has never held a job. Would you give them a loan? Chances are, probably not. And that’s the thought taken by most banks, too. But, just like most banks, you probably weren’t picturing a doctor — or...
The introduction of artificial intelligence is changing the payments industry, transforming the way consumers pay for goods and services. AI-enabled payments offer streamlined processes, combat fraud and enhance the overall payment experience for consumers, as detailed in the PYMNTS Intelligence report “AI-Enabled Payments Enhance Customer...
Zalando, the European fashion and lifestyle eTailer, is elevating the “designer experience” on its website and app by introducing a luxury boutique-style space dedicated to designer brands. The redesigned “Designer” destination aims to provide a revitalized and inspirational shopping experience, allowing designers to share their...
Intuit, the maker of TurboTax tax filing software, has been found to have engaged in deceptive advertising practices, according to an Opinion and Final Order issued by the Federal Trade Commission (FTC). The commission ruled that Intuit violated the FTC Act by running ads for “free” tax products and services that were not...
The convenience of shopping from the comfort of one’s home has led to the growing popularity of online marketplaces among consumers. As detailed in “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces,” a PYMNTS Intelligence and Adobe collaboration, a significant share of...
It turns out Procter & Gamble, the company which makes household staples like Tide detergent, Bounty paper towels, and Crest toothpaste, made more money last quarter because it raised prices on its household items, showing that even with inflation, people are still buying the company’s...
ModernFi has secured $18.7 million in funding to bring its deposit management tools to financial institutions of all sizes. With the banking sector experiencing higher interest rates and increased stress, community and regional banks are facing challenges in attracting and retaining deposits, ModernFi said in a...
RagaAI, a startup founded by tech veteran and former Nvidia executive Gaurav Agarwal, secured $4.7 million in seed funding to develop a tool that can automatically diagnose and fix flaws in artificial intelligence systems. “Today, we’re publicly introducing RagaAI’s breakthrough foundation models called RagaAI DNA...
As grocers look to better understand their shoppers’ behavior, a PYMNTS Intelligence report finds that half are investing in the ability to track customer habits across digital and physical channels. By the Numbers The PYMNTS Intelligence study “Big Retail’s Innovation Mandate: Convenience And Personalization,” created...
