News

Digital Banking
UK Neobank Monzo Unveils Investment Tools
September 12, 2023

British digital-only bank Monzo has added an investment feature to its offerings. 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...

Payment Methods
Real-Time Payments Pave Way for Further Adoption of Platform-as-a-Service Models
September 12, 2023

Steve Cook, chief technology officer at Form3, said in an interview with PYMNTS that the Platform-as-a-Service model is seeing a tailwind from the rise of instant payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Standard Deviation? Private Rule-Making Under the EU AI Act
September 12, 2023

The proposed EU AI Act (AIA) is an omnibus piece of legislation. It aims to provide the world’s first “horizontal” regulatory framework for AI, not limited to one industry or domain of use. The text is currently winding its way through the corridors of the...

eCommerce
Electronics and Clothing Among Top Categories Driving Online Retail Shift
September 12, 2023

The retail industry is experiencing a significant transformation as digital channels become increasingly influential in driving sales. 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...

Regulation
Tech Companies Point to Self-Regulatory Strategies Before Senate AI Hearings 
September 11, 2023

U.S. lawmakers are hitting the ground running on creating an artificial intelligence (AI) policy.  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...

Investments
KKR Boosts Investment in Reliance Retail Ventures Limited
September 11, 2023

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, has received a new investment from global investment firm KKR. 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...

Payment Methods
PayPoint Offers Pay by Bank to UK Energy Customers
September 11, 2023

Digital payments firm PayPoint is offering a new pay-by-bank service. 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...

Banking
Barclays CEO Says Job Cuts Are in Line With Industry
September 11, 2023

Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same. 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...

Investments
Indian FinTech Perfios Raises $229 Million to Expand Into North America and Europe
September 11, 2023

Perfios, an Indian B2B Software-as-a-Service (SaaS) FinTech, has raised $229 million in a Series D funding round. 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...