News

Artificial Intelligence
AI Solves the SKU Problem That Stalled Warehouse Automation
June 23, 2026

Swiss eCommerce logistics provider MS Direct, which moves more than 32 million items a year, has deployed a robot from Stuttgart-based Sereact that picks and packs orders without per-item training, eliminating a requirement that has long blocked most warehouse operators from full automation. Get the...

Investments
Allium Raises $40 Million to Help Enterprises Embrace the Blockchain
June 23, 2026

Enterprise-focused blockchain data platform Allium has raised $40 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 Today. By...

Artificial Intelligence
Anthropic Investor Menlo Turns 50 and Raises $3 Billion
June 23, 2026

An early backer of Anthropic says it has raised $3 billion for additional AI startups. 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....

Artificial Intelligence
Oracle Reports AI Adoption Contributes to 21,000 Job Cuts
June 23, 2026

Oracle reduced its workforce by 21,000, or about 13%, during the year ended May 31. 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,...

Artificial Intelligence
SoFi Ventures Into AI Investing With Composer Acquisition
June 23, 2026

Digital financial services app SoFi has introduced an AI-powered investing platform. 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. By completing this form,...

Acquiring
Backbase Acquires Kasisto for Agentic Banking
June 23, 2026

Banking operating system provider Backbase has acquired banking/financial services-focused artificial intelligence (AI) firm Kasisto. 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...

Artificial Intelligence
Zafin’s CEO Wants to Build the Control Tower for Enterprise AI
June 23, 2026

Every enterprise is hard at work building a workforce made of software. Almost none of them know how to manage it. How do you govern, audit, measure and coordinate employees that happen to be artificial intelligence agents? Most companies don’t. The problem is too new....

Payments Innovation
Payment Processors Can’t Win on Uptime Alone Anymore
June 23, 2026

Watch more: What’s Next in Payments With Matthew Pearce of i2c  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. By completing...

Artificial Intelligence
Banks Replace Real Customers With AI Clones for Product Testing
June 22, 2026

Testing a new credit card or banking product once required months of regulatory vetting and customer recruitment. Now banks build the customer instead. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...