News

Banking
BNY and Mizuho Bank Collaborate on Trade Services in Asia
October 21, 2024

The Bank of New York Mellon Corp. (BNY) and Mizuho Bank are collaborating to provide trade services to corporate clients in Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cross-border Payments
Cross-Border Payments 2.0: Faster, Cheaper and More Transparent
October 21, 2024

Cross-border payments are an integral part of the engines that keep economies worldwide going, but they get a bum rap. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Earnings Season Gives Glimpse Into Big Banks’ Private Credit Ambitions
October 20, 2024

The big banks have weighed in this earnings season — not just on credit and debit, and consumer spending and Basel endgames … Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Report: AI Search Company Perplexity Aims to Raise $500 Million
October 20, 2024

Artificial intelligence (AI) search company Perplexity is reportedly looking to raise about $500 million in a new funding round that would value it at $8 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Anthropic CEO Dario Amodei: AI Likely Smarter Than Humans This Decade
October 20, 2024

Artificial intelligence (AI) is likely to be smarter than most Nobel Prize winners before the end of this decade, Anthropic CEO Dario Amodei said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
Richtech to Operate ‘Robot-Powered Restaurants’ at 20 More Walmart Locations
October 20, 2024

Richtech Robotics plans to use its robotics and artificial intelligence (AI) cloud technology to run 20 more Walmart-located restaurants in Arizona, Colorado and Texas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
Adobe’s New AI Video Creator Tackles Copyright Concerns
October 20, 2024

Adobe is rolling out a new artificial intelligence (AI)-powered video creation tool designed to help businesses generate custom content while sidestepping potential legal issues surrounding copyright infringement.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Evolve to Return Funds to Synapse Brokerage End Users
October 20, 2024

Evolve Bank & Trust said Saturday (Oct. 19) that it is preparing to return funds held at Evolve to Synapse Brokerage end users impacted by the Synapse bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Banks Cut Interest Rates Paid on Corporate Deposits
October 20, 2024

Banks are reportedly cutting the interest rates they pay on corporate deposits faster than those they pay on consumer deposits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....