European eInvoicing mandates seek to standardize how businesses deliver the information used to approve and collect payments. Invoice amounts, tax details and transaction references enter defined fields that accounting software reads and processes, establishing a common basis for exchange between suppliers, buyers and their providers....
Cross-border payments firm LianLian Global’s social commerce, marketplace and eCommerce clients can now send payouts to PayPal accounts globally and Venmo accounts in the United States, the company said in a Thursday (Oct. 22) press release. The capabilities are enabled by LianLian Global’s new partnership...
Cognitive Credit, a provider of specialist data, infrastructure and artificial intelligence solutions for global corporate credit markets, secured a $40 million strategic growth investment to accelerate its commercial expansion in the United States and build its next generation of products, the company said in a...
Businesses use payments timing as a factor in their cash forecasts. A buyer sends money before an invoice deadline, while the supplier waits for money already committed to payroll, inventory or another bill. Shortening that interval gives both parties greater certainty about when cash leaves...
SpaceX has launched a partner program that offers training, tools and support to companies that build products, solutions and services with the company’s artificial intelligence (AI) model, Grok, according to a Thursday (Oct. 22) press release. The new SpaceX Super Intelligence Partner Network is open to “transformation partners”...
Anthropic and London-based private equity firm Hg have agreed to create an independent company that will embed consultants and engineers into European businesses and help those firms deploy artificial intelligence (AI), The Financial Times reported Friday (Oct. 23), citing unnamed sources. The new consultancy, which is expected to...
Artificial intelligence is reducing the time and cost of financial research, but the data behind that research is becoming more valuable. Two investments announced Thursday (Oct. 22) illustrate the shift. London Stock Exchange Group (LSEG) announced that it is acquiring credit intelligence provider Octus for...
States are developing safeguards against artificial intelligence agents that evade human control, stepping into a regulatory gap left by Congress amid growing concerns over cybersecurity, public infrastructure and government data. California is evaluating independent audits and mechanisms for shutting down advanced AI models, while a...
The principles Goldman Sachs uses to manage risk could be applied to artificial intelligence oversight, Goldman Sachs Chair and CEO David Solomon wrote in an article published Thursday (Oct. 22) by the Financial Times. The principles include holding individual decision makers accountable for the outcomes...