June 21, 2024
Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform
Verituity has raised $18.8 million to support the growth of its B2B and B2C verified payout platform. The firm will use the new funding to continue to develop the machine...
June 21, 2024
FTC Lawsuits Resulted in $324 Million in Refunds in 2023
Federal Trade Commission (FTC) lawsuits resulted in over $324 million in refunds to consumers in 2023. That total includes money returned to consumers as a result of all FTC cases, whether...
June 21, 2024
FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and...
Last year marked a seismic shift in financial services — as five bank failures tested the ways and means at the disposal of government and industry to prevent wider contagion....
June 21, 2024
Meet the 27 Million Americans Who Drive 8% of Consumer...
The big consumer news last Friday was that the University of Michigan’s June Consumer Sentiment Index hit a seven-month low. Many scratched their heads, particularly since the CPI print earlier...
June 20, 2024
Acorns Will ‘Likely’ Go Public, CEO Noah Kerner Says
Investing and checking accounts app Acorns reportedly expects to launch an initial public offering (IPO), possibly sometime in the next couple of years. “That is likely something we will do...
June 20, 2024
NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury’s, the second-largest grocer in the country. The deal, worth £2.5...
June 20, 2024
How AI Helps the Enterprise Collaborate on Sensitive Data
More high-quality data is being produced today than at any other period in history. This data, in vast and incomprehensible amounts, is being produced by businesses and individuals. Unlocking it...
June 19, 2024
Citi Sees AI Impacting More Than Half Of All Finance...
Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half — 54% — of jobs in...
June 19, 2024
5 Big Ideas: Making the Case for Instant Payments
In recent years, instant, P2P payments have seen a surge in adoption, emerging as a popular method for consumers to receive funds and make personal transactions and purchases. At the...
Instant insurance payouts benefit both customers and carriers by enhancing both speed and efficiency, but barriers such as costs and complexity are blocking the way to their adoption — especially for smaller insurers. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explains how insurance companies are jumping these hurdles by collaborating with FinTechs to facilitate instant payments implementation.
Consumers increasingly want to receive insurance disbursements instantly, yet insurers are sending instant payments less. PYMNTS Intelligence’s latest 22-page report, “Generation Instant: Growing Use of Instant Pay for Insurance Disbursements,” a collaboration with Ingo Payments, contains five charts revealing how this mismatch in demand and supply presents a missed opportunity for insurers to improve customer satisfaction.