Technology and third-party relationships — with service providers and digitally-focused FinTechs — have helped transform banks’ operations. Banks have been able to pivot fully into the digital age, serving a broader swath of customers than they otherwise might have if those partnerships had not been...
Seamless cross-border B2B payments remain one of the white whales of the connected economy. And with the news Friday (Aug. 30) that Bridge has raised an additional $40 million round to continue building its stablecoin-based global payment scheme, executing international transactions quickly and conveniently is increasingly...
Summer should get a speeding ticket, a wise person once said, and that’s a reality that all of us living in the Northern Hemisphere came to grips with last weekend. The Labor Day weekend marked the unofficial end of summer, and the start of the...
In the wrong hands, digital footprints can turn into a blueprint for fraud. Particularly as identity theft proliferates and becomes more sophisticated, data breaches are increasingly turning personal and business information into a goldmine for cybercriminals looking for their next payday. “We are at about...
In the wake of the savings events rush of the summer, with seemingly every large merchant announcing some major discounting push, consumers are growing accustomed to shifting their spending toward predictable sales moments. Key retailers including Best Buy and Target have been noting this trend...
As generative artificial intelligence begins to make its way into more parts of consumers’ daily lives, many are skeptical of the technology. By the Numbers The PYMNTS Intelligence study “Generation Zillennial: Voice Assistants and GenAI” drew from a survey of more than 2,700 United States...
Cue the Beach Boys and Jimmy Buffett. It’s the last week of summer, and while a lot of the banking and payments world was on vacation, we were busy covering development in everything from AI to zillennials. Here’s a sample of notable quotables from the...
PDD Holdings, owner of eCommerce firm Temu, is reportedly sitting on $38 billion in cash. That’s the largest cash position of any listed company that doesn’t pay dividends or buy back shares, the Financial Times (FT) reported Sunday (Sept. 1), days after the Chinese company...
Magic raised $320 million from a group of investors that includes former Google CEO Eric Schmidt to build an artificial intelligence coworker for AI research and code generation, the company said in a Thursday (Aug. 29) blog post. The investment brings the total amount the...
