News

Banking
Lloyds Bank Rolls Out Generative AI Tool Athena
July 16, 2025

Lloyds Banking Group reportedly has rolled out a new generative AI-powered knowledge hub to reduce the time it takes employees to find information and respond to customer queries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Estée Lauder Targets Younger Consumers in New Digital Push
July 16, 2025

Estée Lauder is reportedly embarking on a new online retail push to reinvigorate slumping sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Artificial Intelligence
Google, Meta and Others Pledge Billions of Dollars to Build AI Data Centers
July 15, 2025

Google, Meta, Blackstone and CoreWeave are planning to collectively spend hundreds of billions of dollars to build data centers for artificial intelligence, as the arms race heats up to build the computing power needed by this advanced technology. Get the Full Story Complete the form...

Artificial Intelligence
BNY Says 96% of Employees Use In-House AI Platform
July 15, 2025

BNY has seen nearly all its employees adopt the bank’s artificial intelligence platform, Eliza, and the bank expects the technology to help them serve clients and grow the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Faster Payments
Bank of England Readying New Retail Payment Infrastructure Plan
July 15, 2025

The Bank of England says it’s working on a new infrastructure for U.K. retail payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Artificial Intelligence
Trump Poised to Share Plans for ‘Winning the AI Race’
July 15, 2025

President Donald Trump is reportedly planning a speech on America’s artificial intelligence plans, Bloomberg reported Tuesday (July 15), calling the address Trump’s “biggest statement” on AI. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Billtrust Adds AI-Powered Email and Dispute Management to Collections Solution
July 15, 2025

Billtrust’s Collections solution now includes AI-powered agentic email, dispute management, credit review and collections analytics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Investments
XTEND Secures Another $30 Million to Expand Production of AI-Powered Robots
July 15, 2025

XTEND secured a $30 million extension to its $70 million Series B funding round to expand the production and deployment of its AI-powered tactical autonomous drones and robots that are used by the U.S. and allied defense forces. Get the Full Story Complete the form...

Investments
Heron Raises $16 Million for Lending Automation Offering
July 15, 2025

Heron Data, a company that automates document-based workflows for financial firms, has raised $16 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...