News

Investments
Prima to Expand Supply Chain Integrator Offering Across North America
December 06, 2024

Mexico City-based Prima has raised $23 million in funding to expand its offerings as a manufacturing and supply chain integrator across North America. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
AI Visual Search Apps Target Social Media Style of ‘See-Now-Buy-Now’
December 06, 2024

Tech firms are escalating their push to turn every outfit spotted on social media into an instant shopping opportunity, with startup Aesthetic launching the latest entry into the artificial intelligence (AI)-powered clothing recognition field. Get the Full Story Complete the form to unlock this article...

CFPB
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and charging illegal ATM fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
CFTC to Monitor Use of AI in Derivatives Markets
December 06, 2024

The Commodity Futures Trading Commission (CFTC) is tracking the use of artificial intelligence (AI) in derivatives markets and intends to monitor CFTC-regulated entities’ use of the technology as part of the agency’s routine oversight activities. Get the Full Story Complete the form to unlock this article...

Investments
UK Digital Bank Zopa Raises $85 Million for Expansion and GenAI
December 06, 2024

British digital bank Zopa has raised 80 million euros (about $85 million) in an equity funding round to accelerate its growth and launch new products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Payment Methods
The Secret to High Global Conversion Rates? Understanding Local Payments
December 06, 2024

Consumers decide which payment methods are successful and drive market trends. Regardless of the market, the use case or their locations, their preferred payment methods are defined by the ease of the execution process at their merchant of choice. Merchants, of course, want to be...

Retail
Walmart’s Gains in Premium Market Shake Up Holiday Sales
December 06, 2024

Following a strong Black Friday and Cyber Monday, both Walmart and Amazon reported record-breaking sales, with their platforms seeing growth from third-party sellers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Fintech Investments
nCino’s Weak Guidance Sends FinTech IPO Index 1.6% Lower
December 06, 2024

The broader tech-heavy NASDAQ was 1.1% higher through the last five sessions, while the Dow hit a record before backing off a bit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
CFPB Files Proposed Settlement With Student Lender Climb Credit
December 05, 2024

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order for settling its lawsuit against student lender Climb Credit and its investors, including 1/0. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...