Backbase has introduced a tool that pairs banking teams with specialized artificial intelligence (AI) agents. The banking operating system provider’s Delivery Factory lets a bank’s delivery team work with AI agents “from the first agreed requirement to working code,” Backbase said in a news release provided to PYMNTS...
Generation X is giving payments providers a clear signal to make payments more flexible, but keep them familiar. This cohort is not particularly interested in the rapid adoption of new methods, but instead largely desires to keep using the same payment tools even as their...
Truist is seeking a buyer for specialty lender Afco Credit as the bank sharpens its focus on banking operations, Bloomberg reported Monday (Oct. 26), citing unnamed sources. Afco handles insurance premium financing, and Truist is unloading noncore lending businesses, according to the report. Truist is...
DoorDash could announce a deal to buy Instacart as soon as Thursday (Oct. 29) morning, CNBC reported Wednesday (Oct. 28), citing unnamed sources. Reached by PYMNTS, an Instacart spokesperson declined to comment on the report. DoorDash did not immediately reply to PYMNTS’ request for comment....
OpenAI is rolling out GPT-6.1 Terra, a new artificial intelligence (AI) model that costs half as much as two of its other models and is practical for automating high-volume work such as reading invoices and entering their information into accounting software, the company said in...
First Internet Bank of Indiana has cut compliance review times for Small Business Administration (SBA) loan applicants by 87% using AI agents, according to a case study from artificial intelligence compliance company Bretton AI. Reviews that took eight to 10 hours now take less than...
Three analysts remain bullish on Meta after the company announced plans to raise $95 billion through equity financing, though they raised questions about the company’s growing investments in artificial intelligence (AI), Seeking Alpha reported Monday (Oct. 26). Wells Fargo maintained an Overweight rating and $995 price target...
Wall Street’s next generation of artificial intelligence companies is taking shape around three businesses, including those that own financial data, those that turn it into research and analysis, and those that control the proprietary content investors rely on to make decisions. The emerging market includes...
Citi’s new program that offers higher savings rates to reward clients who deepen their relationship with the bank went live Monday (Oct. 26). When announcing the program, Premium Boost, in a Sept. 24 press release, Citi said it adds enhanced savings rates to the other benefits it already offered...