News

Regulation
FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold
November 16, 2018

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to identify the individuals behind shell companies involved in all-cash purchases of residential real estate. Get the Full Story Complete the...

Artificial Intelligence
When AI Technology Gets Up Close And Personal
November 16, 2018

Brighterion CEO Akli Adjaoute says there’s only one measure of AI’s true potential: When the tech is adaptive enough to understand that John at 23 is the same John at 43, even though he has two kids, a wife and a house in the 'burbs....

Banking
KPMG: In Open Banking, ‘Fortune Favors The Brave’
November 16, 2018

Nearly a year on, Open Banking has a bit of mileage behind it and roadmap stretching ahead. 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...

Ridesharing
Ridesharing’s Next Frontier: Africa
November 15, 2018

Many Africans who can’t afford to buy a vehicle are becoming drivers for rideshare companies in order to secure a discount and loan on a car. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Standard Cognition Raises $40M To Take On Amazon Go
November 15, 2018

Standard Cognition, which provides AI-powered autonomous checkout solutions for brick-and-mortar retailers, announced it has raised $40 million in Series A funding, bringing its total amount raised to more than $51 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Walmart Forecasting A Big Finish For 2018
November 15, 2018

Walmart is apparently expecting the holiday season to be merry and bright in 2018, with raised expectations for the full year following a third quarter with stronger-than-expected earnings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

News
Five At Five: Instagram’s New eCommerce Plan
November 15, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest way Instagram wants to appeal to online shoppers, along with fresh data about how fraudsters might attack on Thanksgiving Day. Instacart raises new capital, Berkshire...

Global Payments
Wirecard Aims To Help Make Stuttgart ‘China Pay City;’ AlipayHK Notches QR Transit Payments Bid
November 15, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Wirecard teaming up with Stuttgart-Marketing GmbH to create the “first official China Pay City in Germany.” In addition, Google is bringing Google Pay to the UAE, and AlipayHK plans to bring...

Security & Fraud
Third-Party Data Breaches Rise To 61 Pct In US
November 15, 2018

Opus, the provider of global compliance and risk management solutions, announced Thursday (Nov. 15) the results of the third annual Ponemon Institute’s “Data Risk in the Third-Party Ecosystem” study, which found that 59 percent of companies surveyed said they have experienced a data breach caused...