News

B2B Payments
TreviPay Debuts Expansion to Its Dealer Management System
September 25, 2024

TreviPay has introduced enhancements for dealer management systems for commercial equipment dealers servicing fleets. 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...

B2B Payments
AI Prompt Engineering Helps B2B Firms Find Needle in Data Haystack
September 25, 2024

B2B businesses are increasingly looking to artificial intelligence (AI) solutions in support of process excellence. 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
Meta, Klarna and Spotify Join Call for EU Regulations for AI
September 25, 2024

As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance innovation and oversight. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
September 25, 2024

The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction. But work needs to be done in informing end users of the risks inherent in the relationships forged between banks...

Regulation
UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust
September 25, 2024

The United Kingdom’s Financial Conduct Authority (FCA) proposed requiring payments and eMoney firms to participate in a client assets (CASS) system in which funds and assets are held on trust for consumers. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
FBI Reportedly Investigating Hone Capital’s Connections to China
September 25, 2024

The FBI is reportedly investigating a Silicon Valley venture capital group’s ties to China. 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...

Banking
36% of Gen Z Pick FinTechs Over Banks for Online Payments
September 25, 2024

As digital solutions become more widely adopted, traditional financial institutions (FIs) face an escalating challenge from agile FinTech competitors. Younger consumers gravitate toward personalized financial services over the one-size-fits-all offerings of established banks, and FIs must rethink their strategies. Get the Full Story Complete the...

Retail
Stitch Fix Hopes for Revenue Growth by 2026 as It Implements Transformation Strategy
September 24, 2024

As Stitch Fix, the online personal styling service, navigates a challenging retail landscape with a transformation strategy designed to revive its financial performance and client engagement, CEO Matt Baer is confident the company will return to revenue growth by the end of fiscal 2026. Get...

Investments
Desia Raises $3.3 Million to Expand AI Applications for Investment Professionals
September 24, 2024

Desia has raised $3.3 million in pre-seed funding to fund the development and growth of its artificial intelligence (AI) applications for productivity, automation and analytics in the financial investment industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...