News

Investments
Google Ventures-Backed Bounti Raises $16 Million for AI Teammate for Sales Teams
September 12, 2024

Bounti has come out of stealth and announced it raised $16 million in seed funding for its artificial intelligence (AI) teammate platform for sales, marketing and customer success teams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
CFPB Bars Navient From Federal Student Loan Business
September 12, 2024

Navient is exiting the federal student loan business as a regulator prepares to fine it $120 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...

Retail
Holiday eCommerce Sales Projected to Rise Despite Inflation
September 12, 2024

A new report suggests Americans will slow their holiday spending this year compared to 2023. 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,...

Digital Banking
Neobank Bunq Aims to Expand Headcount by 72%
September 12, 2024

Dutch neobank Bunq is reportedly launching a hiring spree as it aims to expand. 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 Today. By...

Artificial Intelligence
New AI Applications Aim to Unlock Equity to Break Real Estate Gridlock
September 12, 2024

The U.S. housing market has been in a state of gridlock for the past few years. 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...

Banking
57% of Americans Trust Financial Institutions to Protect Their Data
September 12, 2024

Open banking, which allows third-party providers to access banking data through secure application programming interfaces (APIs), has gained momentum globally as a means to enhance financial services. Recent U.S. regulatory developments may pave the way for increased adoption, particularly for real-time payments. Get the Full...

Banking
Report: EQT Looks to Sell Majority Stake in Banking Circle
September 11, 2024

Private equity firm EQT is reportedly looking to sell its majority stake in payments processor Banking Circle. 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,...

Security & Fraud
FinCEN Says Check Fraud Approached $700 Million Over 6 Months
September 11, 2024

Earlier this week, FinCEN reported that mail theft-related check fraud amounted to more than $688 million in a recent six-month period. The bulk of the reports were filed by banks, to the tune of 88% of all reports by filing. Get the Full Story Complete...

Banking
Goldman Sachs CEO Says Exit From Credit Partnership No ‘Messier’ Than Expected
September 11, 2024

Goldman Sachs CEO David Solomon reportedly said Wednesday (Sept. 11) that the bank’s exit from its credit partnership with General Motors is no “messier” than it expected. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...