News

Retail
Luxury Retailers Try On AI to Reduce Returns
June 16, 2023

Following bullish remarks on artificial intelligence (AI) by Farfetch CEO José Neves during the luxury retailer’s first-quarter 2023 earnings report, Maison Valentino is set to introduce a virtual try-on (VTO) experience for its ready-to-wear collection. Get the Full Story Complete the form to unlock this...

Artificial Intelligence
10 Insiders on Generative AI’s Impact Across the Enterprise
June 16, 2023

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Artificial Intelligence
Mercedes and Microsoft Add ChatGPT to Voice Commands
June 16, 2023

Mercedes has turned to Microsoft to expand on its use of in-car artificial intelligence (AI). 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,...

Retail
Why Google Won’t Be Monetizing Its AI Try-On 
June 16, 2023

As fashion brands continue to lean into virtual try-on (VTO) to drive sales and reduce order returns, Google has looked to call dibs within the space with the launch of its artificial intelligence (AI)-driven VTO feature. Get the Full Story Complete the form to unlock...

Retail
Shein Diversifies to Add Home Appliances and Renowned Brands to Marketplace
June 16, 2023

Fast-fashion retailer Shein has expanded its third-party marketplace to include home appliances and smart home products. 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...

Payments Innovation
Driving Outcomes With Vaulting Innovations
June 16, 2023

Historically, businesses have viewed payments vaults as a security and compliance cost of doing business, but with advancements in areas such as tokenization and life-cycle management, vaults can already help merchants save time and money. PYMNTS examines how third-party vault automation can drive new sources...

Fintech Investments
FinTech IPO Names Surge 3.8% With SoFi and Upstart Leading the Charge
June 16, 2023

Government data pointing to cooling inflation helped buoy FinTech IPO names this past week. 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...

Retail
Amazon Fashion Becomes Its Own Force as Walmart Reconsiders Brand Acquisitions
June 16, 2023

Sometimes it is a selective and focused sales strategy instead of broad appeal that may see overwhelming results. 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...

Banking
Fed and SEC Probe Goldman Sachs’ Actions in SVB’s Last Days
June 15, 2023

Federal officials are reportedly probing Goldman Sachs’ involvement in the final days of Silicon Valley Bank. 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...