First Citizens Bank now lets customers receive instant payments via the RTP network. The offering is open to business and consumer banking customers, allowing them to receive secure, instant payments in their savings and checking accounts, the bank announced Tuesday (Sept. 10). “In today’s fast-paced financial environment,...
Glean has raised $260 million in a Series E funding round to accelerate its artificial intelligence (AI) innovation, customer acquisition and global expansion of its Work AI platform for enterprises. This round doubled the company’s valuation to $4.6 billion, up from the $2.2 billion valuation...
Artificial intelligence is reshaping the travel industry, with Greece introducing an AI-powered travel assistant named Pythia and Google showcasing its Gemini AI system at an industry event in Malaysia. The global travel agency market is projected to grow by $156.7 billion by 2028, per Technavio....
Where there is smoke, there tends to be fire. But where there exists the repeated appearance of deficiencies in the audit process of a business, there often tend to be deeper issues across internal controls, financial reporting, governance or compliance — issues that can ultimately...
Instacart is ramping up its efforts to capture and keep customers as it aims to cement its status in the online grocery sector. The company is concentrating on two primary objectives: bringing in new users, elevating engagement with its current clientele, and creating “habituated customers.”...
The number of cryptocurrency-related complaints accounted for 10% of all financial fraud complaints but 50% of the total losses in 2023. That is due in part to the use of crypto in investment scams that see victims accumulating “massive debt” to cover their losses, the Federal Bureau...
As Big Lots embarks on a Chapter 11 restructuring and prepares for acquisition by Nexus Capital Management, retail analysts are evaluating the company’s future amid a challenging market. They note this bankruptcy filing not only signals deep-rooted issues in Big Lots’ business model, but also...
Atomico raised $1.24 billion for two funds to invest in European technology companies. The company’s new $754 million Atomico Growth VI partners with entrepreneurs from Series B to pre-initial public offering (IPO), while its new $485 million Atomico Venture VI focuses on founders at Series...
A U.K. banking executive says the country needs to resolve its unfair auto-lending practice investigation. Great Britain’s Financial Conduct Authority (FCA) said in July that it was extending that probe, something that doesn’t sit well with William Chalmers, finance chief for Lloyds. “A delay isn’t...
