August 04, 2023
KKR to Transfer Majority Stake in Unzer to Creditors

Private equity firm KKR is reportedly set to transfer payments firm Unzer to a group of creditors. The debt providers Alcentra Asset Management, Goldman Sachs Asset Management and Partners Group have agreed in principle to take over a majority...

July 31, 2023
Keeping the Baby While Losing the Bathwater: AI’s Efficiencies and...

The generative artificial intelligence (AI) revolution is already generating efficiencies across industries. But the rapid advance of the groundbreaking technology has also sparked concern from institutions as varied as the...

July 31, 2023
Unlocking the Virtual Prepaid Card Opportunity

Money today is different than it was five years ago. It’s more nimble, secure, online and democratized. That’s why PYMNTS sat down with Chris Winter, managing director and head of APAC...

July 25, 2023
Deloitte and Chainalysis Ally to Offer Digital Asset Data and...

Deloitte, one of the “Big Four” accounting, consulting and professional service firms, and blockchain analytics firm Chainalysis have announced an alliance to provide digital asset data and analytics solutions and services....

July 25, 2023
DeFi Gets Defanged as Investor Doubts and Regulatory Scrutiny Grow

The year 2023 was supposed to be when decentralized finance (DeFi) platforms proved their value. Cryptocurrency observers predicted an ascension for the DeFi sector after the public fallout from the...

July 19, 2023
Fed Fines Deutsche Bank $186 Million for ‘Insufficient Remedial Progress’

The Federal Reserve has fined Deutsche Bank $186 million, saying it has made “insufficient remedial progress” on earlier consent orders around sanctions compliance and anti-money laundering (AML) controls. The new...

July 17, 2023
What All Banks Can Learn From Bank of England’s June...

When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Boring implies there have been no hiccups...

July 16, 2023
Bipartisan Efforts To Regulate Crypto Industry Gain Momentum

Two United States Senators have taken steps to address the rapidly growing cryptocurrency industry. Senator Cynthia Lummis (R-Wyoming) and Senator Kirsten Gillibrand (D-New York) have reintroduced the Lummis-Gillibrand Responsible Financial...

July 13, 2023
Department of the Treasury Names Andrea Gacki as New FinCEN...

The Department of the Treasury has named Andrea Gacki as the new director of the Financial Crimes Enforcement Network (FinCEN). As the current director of the Office of Foreign Assets Control (OFAC), Gacki has a track...