FinTech platform Kipp plans to accelerate its expansion in the United States after being acquired by an investor group led by The Lifetime Value Company (LTVCo) and its founders, the company said in a Thursday (Oct. 29) press release emailed to PYMNTS. Kipp will continue...
Watch more: What’s Next in Payments With Maverick Payments’ Bill Christensen The human who approves a merchant account may eventually review fewer files, but the cases left on that person’s desk will demand more judgment. For Bill Christensen, senior vice president of risk and underwriting...
Watch more: What’s Next in Payments With Matt Pearce of i2c The last decision a bank hands to a machine will likely be one that its employees will still have to explain to a customer or regulator. Releasing an account flagged for complex fraud activity...
Watch more: Your Payments Got Smarter. Did Your Infrastructure? Faster payments compress the time available to catch a bad transaction, reconcile an exception or determine whether the party moving money is who it claims to be. Speedier payments put more pressure on infrastructure that customers...
A US Foods seller used to spend up to four hours preparing a proposal for a prospective restaurant, reading menus, spreadsheets and handwritten notes. A generative artificial intelligence tool now does that work, Amazon Web Services said in a case study. AWS also claimed a...
Royal Bank of Canada (RBC) has decided to block third-party personal AI agents from direct access to online banking and other RBC digital properties due to concerns about fraud and consumer harm, the bank told its customers in an article posted Tuesday (Oct. 27). The...
Autonomous factory company Foundry Robotics is planning an expansion of its manufacturing footprint after raising $100 million. The company said its Series A round, announced Wednesday (Oct. 28), will allow it to build out its facility in Emeryville, California, and to accelerate deployment of artificial...
Wealthsimple has raised $302 million to expand its investment and digital finance platform. The new funding round, announced Tuesday (Oct. 27), values the Canadian company at $9.8 billion, or $13.8 billion CAD, and will help Wealthsimple expand its spending, checking, trading and investment offerings. “This...
A senior Goldman Sachs executive says weaknesses are developing in the AI market as the cost of capital climbs. Speaking at The Information’s WTF Summit on Tuesday (Oct. 28) Goldman co-head of investment banking Kim Posnett argued that while she is “hugely bullish” on artificial intelligence (AI) overall, investors...