News

Banking
Bank of America to Spend $4 Billion on AI and New Tech Initiatives in 2025 
April 08, 2025

Bank of America is allocating $4 billion — or nearly a third of its overall technology budget for this year — toward new initiatives including AI, according to a Tuesday (April 8) news release. Get the Full Story Complete the form to unlock this article...

Investments
Octane Secures $6.75 Million for AI-Powered Cybersecurity Solution for Blockchain
April 08, 2025

AI cybersecurity startup Octane has emerged from stealth and announced it secured $6.75 million in a seed funding round. 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...

eCommerce
China Opposes Shein’s Plans to Shift Production Overseas Amid US Tariffs
April 08, 2025

China has reportedly opposed Shein’s plans to move some production outside the country. 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
Anecdotes Raises $30 Million to Automate Risk and Compliance Tools
April 08, 2025

Governance, risk and compliance (GRC) provider Anecdotes has raised $30 million in new funding. 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...

Digital Banking
Galileo Introduces Deposit Sweep Product for FinTechs
April 08, 2025

Galileo Financial Technologies has introduced a product that automates deposit sweeps for FinTechs, enabling them to offer more competitive returns and peace of mind to customers whose balances exceed the FDIC insurance limit. Get the Full Story Complete the form to unlock this article and...

Retail
Stop the Steal: Smart Stores Help Brands Meet Consumers in New Settings
April 08, 2025

Inventory keeps retailers in business. Inventory keeps consumers loyal to their preferred to merchants. Inventory makes impulse buying possible and keeps sales flowing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

eCommerce
MercadoLibre to Boost Investment in Brazil by 48%
April 07, 2025

MercadoLibre reportedly plans to increase its investment in Brazil by 48%, from 23 billion reais (about $3.7 billion) in 2024 to 34 billion reais (about $5.8 billion) in 2025. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Regional Banks Slump Faster Than S&P 500 After Tariff Impacts
April 07, 2025

Regional banks that were looking to grow after dealing with the banking crisis that began in the spring of 2023 are reportedly now being challenged by the economic uncertainty driven by the new U.S. tariffs. Get the Full Story Complete the form to unlock this...

Security & Fraud
FTC: Impersonation Scams Cost Consumers Nearly $3 Billion in 2024
April 07, 2025

The Federal Trade Commission (FTC) says impersonation scams cost Americans almost $3 billion last year. 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,...