News

Artificial Intelligence
Volvo Teams With NVIDIA For Autonomous Tech
June 18, 2019

To create artificial intelligence (AI) for autonomous trucks, Sweden’s AB Volvo is teaming with NVIDIA. The tie-up will make a scalable and flexible system for self-driving, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Swedbank Estonian CEO And CFO Suspended
June 18, 2019

Swedbank announced that it has suspended the CEO and CFO of its Estonian branch after an investigation into compliance with money-laundering rules at the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Payroll Startup PayFit Lands $79M
June 18, 2019

Payroll startup PayFit has announced $79 million in new funding, according to reports Monday (June 17). 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...

B2B Payments
SEC Fines KPMG $50M For ‘Ethical Failures’
June 18, 2019

Corporate auditing and accounting firm KPMG remains in the crosshairs of regulators in various parts of the globe. 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...

B2B Payments
UK SMB Challenger Bank Competition Ramps Up
June 18, 2019

U.K. challenger bank Tide is closing in on surpassing the market share of competitor The Co-Operative Bank, reports in AltFi said this week, highlighting the traction that new market entrants are gaining. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Strategic Sourcing Evolves Beyond Better Prices
June 18, 2019

Elevated from its position as merely a point through which money exits the enterprise, the procurement function is quickly becoming a strategic component of corporates in more ways than one. Thanks to digitization, companies can be more calculated on the vendors with whom they choose...

B2B Payments
In UK, FinTech Alliance Launches
June 18, 2019

Collaborative efforts between FinTech firms and traditional financial firms continue to gather steam. In the U.K., the FinTech Alliance debuted with more than 500 members. Elsewhere, Monzo crosses the Pond, and APIs make inroads into real estate.

B2B Payments
NY At Key Point In SMB Borrower Protection Fight
June 18, 2019

The New York state legislature will rule this week whether to move forward with a borrower protections bill for small businesses (SMBs), as allegations of predatory practices by merchant cash advance firms raise new concerns about mistreatment of small business borrowers, The Washington Post. Get...

Mobile Payments
RiverPay’s China UnionPay Mobile Initiative Gains Traction
June 18, 2019

Integrated payments and marketing platform RiverPay revealed that its staged merchant acquisition initiative with China UnionPay is growing in the North American retail industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...