Vertical software as a service has generally benefited from specialization. A restaurant platform can be designed around menus, kitchens, ordering and tips. Retail software tracks merchandise, inventory and checkout. Fuel systems have their own pumps, pricing, authorization and payment requirements. Convenience stores offer both challenge...
Two years ago, a B2B invoice was largely a record of a transaction already agreed upon, passed between finance departments to trigger payment, reconciliation and collections. Today, as embedded finance, automated procurement and agentic payments converge, the invoice is evolving from a document that tells...
Citi aims to submit an internal audit to banking regulators by the first quarter of 2027, if not earlier, in hopes that the regulators will lift the consent orders the bank has been operating under since 2020, Reuters reported Monday (Oct. 12), citing unnamed sources....
International Monetary Fund Managing Director Kristalina Georgieva said artificial intelligence investment is keeping global growth at around 3%, Reuters reported Monday (Oct. 12). At the same time, the trend portends a “slow-moving tsunami” that could upend labor markets, taxation, and education, Georgieva said at a...
Microsoft’s president says artificial intelligence now faces less regulatory oversight than appliances and dairy products. This lack of oversight underscores the urgent need for global artificial intelligence (AI) regulation, Brad Smith said in a BBC interview Monday (Oct. 12). “Right now, your washing machine is subject to more safety...
Watch more: Monday Conversation With Kastle’s Rishi Choudhary Rishi Choudhary, Co-Founder and CEO of Kastle, believes that banks have been approaching AI modernization from the wrong end of the technology stack: the legacy end. For years, he said, the industry’s transformation agenda has been dominated by...
Corporate treasury is approaching an uncomfortable reality about artificial intelligence. Almost every firm has it, but relatively few companies can demonstrate that it is making them financially better off. Findings in the latest 2026 edition of the Working Capital Index (WCI) from PYMNTS Intelligence reveal...
A failed payment can look small on a transaction screen. For the business waiting on the money, the effects can spread fast. Revenue gets delayed, staff spend more time fixing problems and customers can lose confidence in the payment experience. “The Payment Guarantee Gap: Why...
Running a small business has always meant doing more with less. The owner takes the morning shift, answers customer emails on lunch, reconciles the books at night and handles scheduling on weekends. Every hour spent on operations is an hour not spent on the work...