Will the G20’s campaign for faster payments have unintended negative consequences? A new report by the U.K.’s Future of Financial Intelligence Sharing (FFIS) said plans to make digital payment systems faster by 2027 ignore the risk of heightened vulnerability to financial crime and money laundering. As PYMNTS...
Venture firm Thrive Capital is reportedly preparing to raise at least $3 billion amid a downturn in tech funding. The planned fundraising, the subject of a Sunday (Jan. 7) report by the Financial Times (FT), would make Thrive — a major investor in OpenAI — one of few large growth...
Would you brave crowds and the possibility of getting trampled in the name of love this Valentine’s Day? All to secure the newest Stanley tumbler for your loved one? Stanley’s vividly colored, large, reusable water bottles have garnered a dedicated TikTok following. Customers are enamored...
New technologies bring with them new opportunities — and new threats. As we enter the new year, many eyes are on the transformative potential of artificial intelligence (AI). Some of those eyes may belong to bad actors looking to take advantage of the attack vectors...
Borrowers are facing challenges as they resume federal student loan payments after a pause that began during the pandemic. They are encountering long hold times when they try to reach student loan servicers, delays in application processing times for income-driven repayment plans, and inaccurate billing...
B2B payment platform ZilBank.com launched an initiative aimed at empowering South Korean entrepreneurs and freelancers by enabling seamless payments to the United States. The program seeks to promote worldwide business expansion without being limited by geographic barriers, the company said in a Friday (Jan. 5) press release. By using cloud...
There are two things to know about artificial intelligence. The first is that it can “learn” from structured datasets, and the second is it needs massive resources, including human labor around tasks like data tagging and labeling, to run the models so that they can...
Generative artificial intelligence (AI) is continuing to evolve. From predictive algorithms to personalized recommendations, AI has woven itself into the fabric of consumers’ daily lives, reshaping industries and transforming how individuals and businesses interact with information. In the finance sector, generative AI is being utilized...
2023 was generative artificial intelligence’s (AI) big launch party — and now we’re in 2024. The year is already shaping up to be one where businesses increasingly leverage the technology to gain new efficiencies. PYMNTS Intelligence spent much of 2023 investigating AI’s enterprise-grade applications, as well as talking with...
