The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction. But work needs to be done in informing end users of the risks inherent in the relationships forged between banks...
The United Kingdom’s Financial Conduct Authority (FCA) proposed requiring payments and eMoney firms to participate in a client assets (CASS) system in which funds and assets are held on trust for consumers. Get the Full Story Complete the form to unlock this article and enjoy...
The FBI is reportedly investigating a Silicon Valley venture capital group’s ties to China. 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...
As digital solutions become more widely adopted, traditional financial institutions (FIs) face an escalating challenge from agile FinTech competitors. Younger consumers gravitate toward personalized financial services over the one-size-fits-all offerings of established banks, and FIs must rethink their strategies. Get the Full Story Complete the...
As Stitch Fix, the online personal styling service, navigates a challenging retail landscape with a transformation strategy designed to revive its financial performance and client engagement, CEO Matt Baer is confident the company will return to revenue growth by the end of fiscal 2026. Get...
Desia has raised $3.3 million in pre-seed funding to fund the development and growth of its artificial intelligence (AI) applications for productivity, automation and analytics in the financial investment industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Torq has raised $70 million in a Series C funding round to expand its artificial intelligence (AI)-first cybersecurity hyperautomation solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Google’s latest artificial intelligence models could accelerate AI adoption in eCommerce and retail, developers say, as the tech giant unveils upgrades designed to attract more businesses to its Gemini platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Nuvei has unveiled several new features and enhancements for its Nuvei for Platforms product. 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....
