News

Banking
UK’s Smaller Banks Could Benefit From New Capital Rules
September 12, 2024

New capital requirements could help Great Britain’s smaller lenders compete in the country’s mortgage market. 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,...

Investments
Form3 Raises $60 Million to Expand Account-to-Account Platform
September 12, 2024

Form3 completed a $60 million Series C extension and said it will use the new funding to develop new products and services and support the growth of its cloud-native account-to-account (A2A) platform in the United Kingdom, Europe and the United States. Get the Full Story...

Investments
Google Ventures-Backed Bounti Raises $16 Million for AI Teammate for Sales Teams
September 12, 2024

Bounti has come out of stealth and announced it raised $16 million in seed funding for its artificial intelligence (AI) teammate platform for sales, marketing and customer success teams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
CFPB Bars Navient From Federal Student Loan Business
September 12, 2024

Navient is exiting the federal student loan business as a regulator prepares to fine it $120 million. 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...

Retail
Holiday eCommerce Sales Projected to Rise Despite Inflation
September 12, 2024

A new report suggests Americans will slow their holiday spending this year compared to 2023. 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,...

Digital Banking
Neobank Bunq Aims to Expand Headcount by 72%
September 12, 2024

Dutch neobank Bunq is reportedly launching a hiring spree as it aims to expand. 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
New AI Applications Aim to Unlock Equity to Break Real Estate Gridlock
September 12, 2024

The U.S. housing market has been in a state of gridlock for the past few years. 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...

Banking
57% of Americans Trust Financial Institutions to Protect Their Data
September 12, 2024

Open banking, which allows third-party providers to access banking data through secure application programming interfaces (APIs), has gained momentum globally as a means to enhance financial services. Recent U.S. regulatory developments may pave the way for increased adoption, particularly for real-time payments. Get the Full...

Banking
Report: EQT Looks to Sell Majority Stake in Banking Circle
September 11, 2024

Private equity firm EQT is reportedly looking to sell its majority stake in payments processor Banking Circle. 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,...