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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth
6+ hour, 1+ min ago (146+ words) PYMNTS.com 48% of FinTechs Plan to Pursue Credit Union Deals FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth PYMNTS Intelligence surveyed 100 FinTech executives and found a sharp shift toward credit union partnerships. A market with nearly 146 million…...
FinTechs See 146 Million Reasons to Target Credit Unions
2+ day, 9+ hour ago (265+ words) FinTechs once saw credit unions as a hard market to crack. Now the door is crowded, and many providers want a way inside. “FinTechs Want In: How Credit Unions Can Turn Partnerships Into Growth” is a PYMNTS Intelligence and Velera…...
FinTechs Follow Corporate Clients Into Bigger Financial Relationships
1+ day, 12+ hour ago (709+ words) Revolut, Ramp and Adyen are extending their reach with large companies through banking, financial operations and global payments, respectively. PYMNTS Intelligence found that companies approaching enterprise scale can free up more cash when financing, supplier payments and treasury operations work…...
FinTechs Are Shopping for Very Different Charters
2+ day, 9+ hour ago (910+ words) Revolut and Upstart are pursuing national banks that can take insured deposits and originate loans, while Circle and Block are using national trust charters for custody and other specialized activities. The OCC received 40 de novo charter applications in 18 months, including…...
Jensen Huang Predicts New AI Models Will Drive Massive Cybersecurity Demand
2+ day, 9+ hour ago (318+ words) Cybersecurity will be the artificial intelligence industry’s next big market, in part because of the capabilities of new AI models set to be released by AI labs, Nvidia Founder and CEO Jensen Huang said Thursday (Sept. 10). Because those who can…...
Macy???s Raises Outlook as Premium Goods Drive Sales Growth
2+ day, 15+ hour ago (458+ words) Adding higher-priced products and catering to middle- and high-income consumers helped drive sales growth across the Macy’s, Inc. brands in the second quarter, executives said Thursday (Sept. 10) during an earnings call. Macy’s, Inc. saw growth across all its brands, including…...
Experian Deploys Real-Time AI Decisioning Across Lending Marketplaces
2+ day, 14+ hour ago (375+ words) Experian has added an artificial intelligence-enabled decisioning engine called Experian Activate to its consumer comparison shopping platform for credit cards, personal loans and car insurance, Experian Marketplace, the company said in a Thursday (Sept. 10) press release. With these resources, Experian…...
US Justice Department Examines Nvidia???s $17 Billion Groq Deal
2+ day, 15+ hour ago (478+ words) According to Reuters’ account of the New York Times report, the Justice Department began examining the arrangement shortly after it was announced in December and subsequently issued Nvidia a formal request for information. The investigation is focused on whether the…...
Saudi Wealth Fund Weighs Merger of EA and Savvy Games
2+ day, 15+ hour ago (535+ words) Saudi Arabia’s sovereign wealth fund is exploring a potential combination of Electronic Arts and Savvy Games Group, a move that could consolidate some of the kingdom’s largest gaming investments under a single operation. The Public Investment Fund is considering a…...
OpenAI???s Hugging Face Hack Triggers Senate Probe
2+ day, 19+ hour ago (440+ words) Lawmakers in the United States are pushing for new rules to govern artificial intelligence, Reuters reported Thursday (Sept. 10). The effort follows an incident in which OpenAI’s agents hacked the company Hugging Face, as well as comments from Joshua Coxon, an…...