There is scarcely a financial institution (FI) that does not claim to be using artificial intelligence (AI) in some capacity or other. Yet, these claims do not always rest on a solid foundation. What some banks purport to be AI is often lumped together with...
The laws of economics — supply and demand — state that as items become scarce, prices go up. The law of unintended consequences states that the outcomes of human actions are unanticipated – sometimes to disastrous effects. Get the Full Story Complete the form to...
Instacart said on Thursday (March 5) that it would launch its door-step grocery drop-off service to all customers amid the fear of the coronavirus outbreak, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Credit bureaus are aiming to thicken up the “thin” credit files of borrowers who have too little credit history to qualify for loans using the traditional FICO credit score, launching new products that use information banks hadn’t been typically considered in the credit-scoring process. Get...
Joseph LaForte, of short-term capital provider Par Funding, said this week that his company will be providing a new product to help small- to medium-sized businesses (SMBs) with cash flow issues, according to a press release. Get the Full Story Complete the form to unlock...
The Access Group has acquired CoreHR, an Ireland and U.K.-based firm known for HR and payroll software, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The incoming Bank of England (BoE) Governor Andrew Bailey said that small and medium-sized businesses (SMBs) might need loans from Threadneedle Street and the government to help with supply chain disruptions from the coronavirus outbreak, according to reports on Thursday (March 5). Get the Full...
Virgin Media announced Thursday (March 5) that the personal details of 900,000 customers had been accessed by a third party as the company left a marketing database unsecured for months, according to the Financial Times. Get the Full Story Complete the form to unlock this...
JPMorgan CEO Jamie Dimon is recovering from emergency heart surgery this week, the company said Thursday, according to CNBC. 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...
