News

Investments
Light Raises $13 Million to Scale AI-Powered General Ledger
June 12, 2024

Light has come out of stealth and announced a $13 million financing round to scale its artificial intelligence (AI)-powered general ledger for multinational companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
Mistral’s $640 Million Funding Round Fuels Europe’s AI Ambitions
June 12, 2024

Mistral AI, a Paris-based artificial intelligence startup, raised $640 million in a Series B funding round led by General Catalyst, propelling its valuation to $6 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Regions Bank Launches Digital Payments Solution Powered by BILL
June 12, 2024

Regions Bank has launched a new digital payments solution designed to streamline payment and billing processes for its commercial clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

IPO
TymeBank Raising $150 Million as It Prepares for IPO
June 12, 2024

The CEO of South Africa’s TymeBank says the company is raising $150 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 daily newsletter, PYMNTS Today....

Delivery
Small Merchants Struggle to Provide Delivery Affordable Enough for Consumers
June 12, 2024

With the high labor costs of delivery, smaller merchants are struggling to find ways to compete on convenience without excessively compromising their margins and without alienating customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Digital Banking
UK Neobank Starling Profits Soar 55% for Third Year in the Black
June 12, 2024

Starling has just finished its third profitable year amid plans to expand its software operations. 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...

Digital Banking
Experts Say Composable Banking Builds Better Digital Customer Experiences
June 12, 2024

Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators are focused on it as they try to make sense of their potential involvement. And as its importance spreads beyond...

CFPB
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
June 11, 2024

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying it would upend the American credit and healthcare systems. Get the Full Story Complete the form to unlock this article...

eCommerce
TikTok Shop Testing Image Search Capability in US, Southeast Asia
June 11, 2024

TikTok is reportedly testing image search capability for TikTok Shop. 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 completing this form, you...