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...

Artificial Intelligence
OpenAI Unveils New ChatGPT AI Models With Enhanced Reasoning
September 12, 2024

OpenAI has introduced its new “o1” series of reasoning models, which the company touts as a major advancement in artificial intelligence to tackle complex problems in science, coding, and mathematics.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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...

Artificial Intelligence
Sequoia Bets on AI Apps, Nvidia Chips in High Demand, Oracle Cloud Grows
September 12, 2024

Sequoia Capital, Nvidia and Oracle are all in on artificial intelligence this week. From VC investments in AI applications to skyrocketing demand for AI chips and cloud services, industry leaders are repositioning themselves for an AI-powered future that promises to reshape how we work and...

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,...

Artificial Intelligence
AI’s Language Leaps May Speak to Business Frontier’s Shift
September 12, 2024

New research is shedding light on how artificial intelligence language models handle multiple languages, a capability with potential implications for global commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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...