FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification
FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification
April 18, 2025  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board fined Discover Financial Services and two subsidiaries, Discover Bank and DFS Services LLC, alleging that they misclassified consumer credit...

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This Week in FinTech: From Latin America to Africa, Funding Focuses on B2B and Platforms
This Week in FinTech: From Latin America to Africa, Funding Focuses on B2B and Platforms
April 18, 2025  |  Fintech Investments

The FinTech landscape is being altered by the news this week of the Global Payments and FIS dealmaking. Tens of billions of dollars are attached...

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Toku Raises $48 Million to Expand AR Automation Platform in Latin America
Toku Raises $48 Million to Expand AR Automation Platform in Latin America
April 18, 2025  |  Accounts Receivable

Toku has raised $48 million in a Series A funding round for its accounts receivable (AR) software-as-a-service (SaaS) platform focused on mid-market to enterprise businesses...

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Earnings See Businesses Embrace Working Capital Flexibility as Growth Pauses
Earnings See Businesses Embrace Working Capital Flexibility as Growth Pauses
April 18, 2025  |  Earnings

U.S. reciprocal tariffs have upended global trade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Researchers Unveil 3D Tech That Lets Users ‘Touch’ Virtual Items
Researchers Unveil 3D Tech That Lets Users ‘Touch’ Virtual Items
April 18, 2025  |  Technology

A research team in Spain has created a novel technology that will let users “touch” and “manipulate” virtual objects — potentially redefining how people shop...

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Johnson & Johnson: 15% of AI Use Cases Deliver 80% of Value
Johnson & Johnson: 15% of AI Use Cases Deliver 80% of Value
April 18, 2025  |  Artificial Intelligence

Johnson & Johnson reportedly found that 10% to 15% of artificial intelligence use cases deliver 80% of the value. Get the Full Story Complete the...

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OpenAI Says Its Latest Reasoning Models Upgrade Agentic Capabilities
OpenAI Says Its Latest Reasoning Models Upgrade Agentic Capabilities
April 18, 2025  |  artificial intelligence

OpenAI unveiled its latest AI models this week that it says are poised to bring more capable AI agents to business. These new reasoning models...

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This Is How Americans Send Billions of Dollars Abroad Every Year
This Is How Americans Send Billions of Dollars Abroad Every Year
April 18, 2025  |  Cross-border Payments

Citizens and residents of the United States are the world’s largest remitters of funds to friends, families and employees abroad, with U.S. consumers, often migrants...

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Earnings Roundup Finds Resilient Consumer Spend and Solid Credit
Earnings Roundup Finds Resilient Consumer Spend and Solid Credit
April 18, 2025  |  Banking

The four financial services companies that reported results Thursday (April 18) — KeyCorp, Truist, American Express and Fifth Third Bancorp — faced investors against a backdrop...

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