News

Banking
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
October 12, 2023

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cross-border Payments
Papaya Global Introduces Direct Deposit Tool for Cross-Border Payments
October 12, 2023

Papaya Global, a leading provider of global workforce management solutions, has introduced a new tool for cross-border 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...

Retail
UK’s Sign of the Times to Expand Luxury Resale Platform
October 12, 2023

London-based luxury resale platform Sign of the Times, has recently received new investment from industry leaders, including BrandAlley and Sweaty Betty founder Tamara Hill-Norton. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
It’s Not Just FTX: Businesses Are Giving Anthropic Billions for Safer AI
October 12, 2023

On the surface, cryptocurrency and artificial intelligence (AI) don’t have much in common.  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....

Investments
Pair Announces $75 Million Series C as Shoppers Seek D2C Customization
October 12, 2023

Overall, the tide may be turning away from direct to consumer (D2C) toward brick-and-mortar, but shoppers continue to demand digital convenience when it comes to highly personalized items — a trend that is benefitting eyewear brand Pair Eyewear. Get the Full Story Complete the form...

Artificial Intelligence
Report: OpenAI to Introduce Updates to Make AI Models More Affordable
October 12, 2023

OpenAI is reportedly set to introduce updates next month aimed at making its artificial intelligence (AI) models more affordable and efficient for developers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payments Innovation
Discover Global Network Launches Cloud-Based Network Tokenization Platform
October 12, 2023

Discover Global Network, the payments brand of Discover, has launched its new cloud-based network tokenization platform. 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
AI’s Cost Curve Has Big Tech Losing Money
October 12, 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, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Artificial Intelligence
Meta Addresses Legal and Ethical Issues in AI Development
October 12, 2023

Meta Platforms is reportedly working to ensure responsible use of artificial intelligence (AI) tools as it rolls out a series of new chatbots. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...