PYMNTS News

Time for CFOs to Break the AP/AR Automation Bottleneck 
Time for CFOs to Break the AP/AR Automation Bottleneck 
July 31, 2023  |  CFO

Today’s CFOs find themselves more and more in the driver’s seat.  But that doesn’t mean the road ahead is a clear one.  Coming out of a...

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Educational Conglomerate Pearson Adding Generative AI-Based Study Tools
Educational Conglomerate Pearson Adding Generative AI-Based Study Tools
July 31, 2023  |  artificial intelligence

Educational conglomerate Pearson is adding new generative artificial intelligence (AI)-based study tools to its real-time personalized learning experience. The firm’s online textbook and assessment platforms Pearson+ and...

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New Relic Agrees to $6.5 Billion Acquisition by Francisco Partners and TPG
New Relic Agrees to $6.5 Billion Acquisition by Francisco Partners and TPG
July 31, 2023  |  Acquisitions

New Relic, an observability platform for engineers, has agreed to be acquired by private equity firms Francisco Partners and TPG Capital for an equity value of approximately $6.5 billion....

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Treasury Prime Teams With Academy Bank to Expand BaaS Offerings
Treasury Prime Teams With Academy Bank to Expand BaaS Offerings
July 31, 2023  |  Digital Banking

Treasury Prime has teamed with Academy Bank to bring embedded finance services to its customers. “This partnership addresses the increasing demand for flexible and scalable solutions that...

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Birkenstock Preparing for September IPO in the US
Birkenstock Preparing for September IPO in the US
July 31, 2023  |  Retail

German footwear brand Birkenstock is reportedly getting set for a listing in the U.S. as soon as September. The brand’s owner, private equity firm L Catterton,...

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Upwork and OpenAI Team to Help Companies Find AI Experts
Upwork and OpenAI Team to Help Companies Find AI Experts
July 31, 2023  |  artificial intelligence

Work marketplace Upwork is teaming with OpenAI to help businesses find artificial intelligence (AI) expertise. The partnership, announced Monday (July 31), gives OpenAI customers and other businesses access to professionals “deeply...

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eToro’s Value Dips After $120 Million Secondary Share Sale
eToro’s Value Dips After $120 Million Secondary Share Sale
July 31, 2023  |  Markets

Trading platform eToro’s valuation has reportedly dropped following a $120 million secondary share sale. As CNBC reported Monday (July 31), the Israeli company had been valued at $3.5 billion...

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Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes
Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes
July 31, 2023  |  Digital Payments

Here on the other side of the pandemic, industry verticals that are modernizing through digital payments transformation are seeing the payoffs across functions including accounts...

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Lowe’s and Petco Expand Store-in-Store Program Twentyfold After Initial Pilot
Lowe’s and Petco Expand Store-in-Store Program Twentyfold After Initial Pilot
July 31, 2023  |  Partnerships

Lowe’s and Petco have expanded their store-in-store pilot program from 15 Lowe’s locations to more than 300. The move aims to serve the 70% of U.S. households — 90.5 million...

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