News

News
BoE and FCA Favor a Light Touch Approach to AI Regulation
February 21, 2022

The Bank of England and the Financial Conduct Authority released their final report on the Artificial Intelligence Public-Private Forum, where regulators discussed the benefits and challenges of applying AI techniques, particularly in the financial sector. The report doesn´t indicate any specific public policy to follow....

B2B Payments
80% of Buyer-to-Supplier Transactions Could Be Completed Electronically by 2025
February 21, 2022

As a growing number of accounts payable (AP) and accounts receivable (AR) departments recognize the benefits of digitization, more and more are adopting B2B digital payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Digital Platforms Shouldn’t Be Regulated as Utility Networks
February 21, 2022

As the five tech superpowers have grown to dominate the world, regulators have sharpened their focus on how to tame them and keep the sectors competitive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
How Automation Reduces Month-End Close Headaches for the CFO
February 21, 2022

Closing the books at the end of every month is a familiar process for every business, but it’s one ripe for improvement — and doing so can create massive advantages for companies. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
StoreHippo Adds Q-commerce Capabilities
February 21, 2022

StoreHippo, an Indian eCommerce platform, has updated its offerings to help companies exploring the Q-commerce boom, a report in the Indian website The Print said Friday (Feb. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital Banking
French Neobank Qonto Targets SMBs, Burgeoning Pool of Freelancers
February 21, 2022

Jump-starting a new business as an entrepreneur or solopreneur can be challenging no matter where an individual is based, but in Europe, business banking can be a nightmare as more established, traditional lenders often neglect individuals who do not have the typical 9-5 worker profile...

Security & Fraud
Fake Businesses Emerge as New Front in War on ID Fraud
February 21, 2022

As digital commerce and payments grow, fraud grows with it. That’s going to get worse before it gets better as merchants and their payments partners decipher the many-faced fraud beast. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Saudi FinTech EdfaPay Raises $1.6 Million for B2B Payments
February 20, 2022

EdfaPay, the Saudi FinTech, has raised $1.6 million in a funding round, a press release says. 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...

Security & Fraud
OpenSea Investigates NFT Phishing Attack
February 20, 2022

OpenSea is looking into a phishing attack for non-fungible tokens (NFTs), according to Co-founder Devin Finzer, Bloomberg reported Sunday (Feb. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...