News

Artificial Intelligence
Treasury Secretary Janet Yellen to Detail Risks Associated With AI
June 05, 2024

Treasury Secretary Janet Yellen will caution financial institutions on Thursday (June 6) about risks associated with the use of artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
Musk’s xAI Plans Spotlight Tesla’s Autonomy Challenges
June 05, 2024

For as long as cars have existed, entrepreneurs have chased the dream of autonomous vehicles. 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
Brazil’s Kanastra Raises $21 Million for Private Credit Funds Platform
June 05, 2024

Kanastra raised $21 million in a Series A funding round to continue to improve its tech-driven back office for private credit funds and securitizations in Brazil. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Ulta: The Future of Beauty Is Click-and-Mortar™
June 05, 2024

As consumers seek more convenient buying options for even the most historically on-site trial-based categories, the beauty industry is transforming to meet shoppers’ increasing Click-and-Mortar™ expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
UK Neobank Starling Will Not Reapply for EU Banking License
June 05, 2024

United Kingdom neobank Starling reportedly does not plan to reapply for a European Union banking license. 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...

Banking
Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
June 05, 2024

It’s been quite a year so far for FinTechs in general and neobanks in particular. However, Jason Wilk, CEO of digital banking app Dave, doesn’t view the volatility rocking the FinTech sector in the wake of the Synapse bankruptcy as a long-lived seismic shift. Get...

Retail
LoadUp Launches Logistics Division for eCommerce Furniture Retailers
June 04, 2024

On-demand junk removal company LoadUp has launched a division dedicated to helping eCommerce furniture retailers generate additional revenue from each customer interaction, including in traditional areas of loss in return logistics. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Albertsons and Uber Expand Program Delivering Surplus Food to Nonprofits
June 04, 2024

Albertsons Companies and Uber Technologies have expanded a program in which they donate and deliver surplus food to local nonprofit organizations and food banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Touchcast Plans to Raise $100 Million to Improve AI Queries
June 04, 2024

Artificial intelligence startup Touchcast is reportedly raising $100 million from backers including Microsoft. 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....