News

Artificial Intelligence
Emagia Launches Generative AI-Powered ‘Copilot for Finance Executives’
September 06, 2023

Emagia has launched a generative artificial intelligence (AI) solution designed specifically for finance operations executives. The new GiaGPT aims to transform the way finance professionals interact with their enterprise finance reports, data and documents, the provider of autonomous finance solutions said in a Wednesday (Sept. 6) press release. GiaGPT...

eCommerce
Patrick Schwarzenegger’s Mosh Targets Cognitive Concerns to Stand Out in D2C Snacks
September 06, 2023

Amid a seemingly overwhelming array of nutrition bar options in stores and via direct-to-consumer (D2C) channels, Mosh is touting brain benefits in an effort to win customers in the highly competitive space. In an interview with PYMNTS, Patrick Schwarzenegger, CEO of the snack brand, which...

Investments
Momnt Raises $15 Million to Grow Lending and Financing Platform
September 06, 2023

Atlanta-based FinTech company Momnt has raised $15 million to grow its lending and financing platform. Since its launch in 2020, Momnt has expanded its presence in the point-of-sale (POS) financing sector, beginning in the home improvement industry and then expanding into other verticals, the company said in a Wednesday...

Artificial Intelligence
Intuit Debuts AI-Powered Small Business Financial Assistant
September 06, 2023

Intuit is using generative artificial intelligence (AI) to help small businesses make decisions. The company, owner of TurboTax, Credit Karma and Quickbooks, debuted Intuit Assist, an AI-powered tool for its small business customers, according to a Wednesday (Sept. 6) press release. “Embedded across Intuit’s platform and products with a common user...

Retail
Four Seasons Introduces Hotel Luxury Into Consumer Staycations Amid Travel Boom 
September 06, 2023

While beauty brands have ventured into the realm of hospitality, looking to get a slice of the travel boom, hospitality brands are also seeking to establish a stronger presence with those who aren’t traveling by allowing consumers to recreate the experiences in the comfort of...

Retail
JCPenney’s $1 Billion Retail Revamp Focuses on Consumer Rewards and Inclusivity 
September 06, 2023

The JCPenney Co. has announced an investment exceeding $1 billion to enhance customer experience and operations.  This signifies the latest step in the ongoing efforts to revive the department store chain. It also introduced a brand positioning and campaign named “Make It Count,” focusing on fashion accessibility,...

Regulation
EU Names Amazon and Meta Among Its 6 ‘Gatekeepers’
September 06, 2023

The European Commission has named six tech giants as “gatekeepers” under its Digital Markets Act. That distinction, announced Wednesday (Sept. 6), applies to Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft, and gives the companies six months to comply with the Digital Markets Act (DMA), designed to curb anti-competitive behavior. “Under the DMA, the European Commission can designate...

Digital Banking
Credit Unions Counter the Growing Risk of AI Fraud
September 06, 2023

Digital banking has become the primary way many members engage with their credit unions. These interactions are typically quicker and more convenient than traveling to a physical branch or an ATM. However, these transactions are also more susceptible to fraud. Criminals can more easily impersonate...

Payment Methods
Matera Launches Digital Twin for Handling Real-Time Transactions
September 05, 2023

Matera has launched cloud-native software designed to sit on top of a financial institution’s core banking platform, enabling real-time transaction authorizations and balance updates 24/7 for various financial accounts. The new Digital Twin solution aims to allow banks and credit unions to accelerate their digital transformation while keeping...