Enterprise technology providers from Palantir to Lumen are riding an new wave of artificial intelligence (AI) adoption. Multiple firms report dramatic revenue growth and expanded AI offerings in their latest earnings, ranging from Palantir’s 30% revenue jump to Helport AI’s 132% surge, as businesses rush...
Dutch payments firm Adyen saw its shares slide Thursday (Nov. 7) after the business reported a slowdown in the growth of its transaction volumes in the third quarter. While the company achieved revenue gains of 498.3 million euros (about $538.7 million) in Q3 2024, up...
Consumer expectations around shopping are changing, with higher demand for personalized, artificial intelligence (AI)-driven experiences that offer convenience, customization and efficiency. A PYMNTS Intelligence report, “Getting to Know You: How AI Is Shaping the Future of Shopping,” explores how retailers are responding by integrating AI...
For Coupang founder and CEO Bom Kim, a key customer engagement tool for the multinational eCommerce company is its WOW subscription membership program, which had 14 million members at the end of 2023. For less than $4 per month, the program offers customers a range of...
FinTech Ant International and Singapore bank OCBC are collaborating to enhance cross-border fund settlements. The goal of the partnership is to explore innovations in tokenized deposits for global treasury management through Ant International’s Whale platform, according to a Tuesday (Nov. 5) news release. “This collaboration...
The Federal Trade Commission (FTC) announced a new enforcement action against Sitejabber, charging the review platform with deceiving consumers through misrepresentative reviews and ratings. Sitejabber, which uses artificial intelligence (AI) to power its consumer review platform, artificially inflated average ratings and review counts, the FTC...
PayPay, a QR payments operator in Japan, is expanding its partnership with Alipay+ to widen its merchant coverage network across Japan. More than 3 million merchants will be able to join the global payment ecosystem via the tie-up, allowing tourists to pay securely using their...
If the past few months have shown us anything it’s that the frictions between the regulators and the regulated — in this case, FinTechs — frequently are being played out in the courts. And in just the latest example, the Federal Trade Commission’s lawsuit against...
As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the House is still up for grabs as of Wednesday morning (Nov. 6). There’s at least some uncertainty removed from the...
