News

Cross-border Payments
Deltec Bank Joins Visa B2B Connect to Accelerate Cross-Border Payments
July 03, 2024

The Bahamas-based private and corporate bank Deltec Bank has joined Visa’s B2B cross-border payment network, Visa B2B Connect. 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...

B2B Payments
This Week in B2B: Declaring Independence From Paper-Based Payments
July 03, 2024

When it comes to business-to-business (B2B) payments, every transaction is an adventure. 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
How the UN AI Resolution Could Reshape Commerce
July 03, 2024

The United Nations General Assembly greenlit Monday (July 1) a China-sponsored, United States-backed resolution on artificial intelligence, signaling a potential sea change in global AI regulation and commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
Hawk Updates AI Platform to Enhance Financial Crime Detection
July 03, 2024

Hawk’s artificial intelligence (AI)-powered anti-financial crime platform now includes additional capabilities for spotting risk by identifying links between data points. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
Sanctuary AI Marks $140 Million in Funding for ‘Humanlike’ Robots
July 03, 2024

Canada’s Sanctuary AI has landed new funding to create “humanlike intelligence in general purpose robots.” 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
Forestay Capital Targets Enterprise AI, SaaS With $220 Million Fund
July 03, 2024

European venture capital firm Forestay Capital reportedly raised $220 million to invest in startups in the enterprise artificial intelligence and Software-as-a-Service (SaaS) sectors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
AI Reshapes Banking: Promises and Pitfalls as Industry Grapples With Transformation
July 03, 2024

As artificial intelligence revolutionizes the banking sector, industry leaders from UBS and McKinsey highlighted the potential and challenges facing financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Resale Firms Struggle to Profit in Growing Secondhand Apparel Market
July 03, 2024

While more people are embracing the idea of buying and selling secondhand clothing, companies specializing in selling these items are reportedly facing challenges in turning a profit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
SendBlocks Raises $8.2 Million for Blockchain Data Management
July 03, 2024

Israeli blockchain data management startup SendBlocks has raised $8.2 million in seed funding. 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....