News

Investments
KarmaCheck Raises $45 Million for Background Check, Credentialing Platform
June 27, 2024

KarmaCheck has raised $45 million in a Series B funding round to accelerate the development of its technology-based solution for background checks, credentialing and compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Accounting Industry Ripe for GenAI Integration, Andreessen Horowitz Says
June 27, 2024

Artificial intelligence (AI) is poised to change the accounting industry, according to a new report from venture capital firm Andreessen Horowitz. As large language models (LLMs) continue to advance, AI is becoming a crucial component in various sectors, with accounting firms particularly eager to harness...

B2B Payments
This Week in B2B: Digital Innovation, Data-Driven Insights, FinTech Partnerships
June 27, 2024

Interoperability is viewed by many to be the holy grail of business-to-business (B2B) innovation. 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...

B2B Payments
Medius Debuts AI-Powered Accounts Payable Tools
June 27, 2024

Accounts payable (AP) management firm Medius has introduced a pair of artificial intelligence (AI)-powered 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....

Artificial Intelligence
AI Surge Drives Tech Industry Growth for Micron, Alibaba and Perplexity
June 27, 2024

The artificial intelligence (AI) boom is reshaping the tech landscape, with industry giants and startups reporting significant gains and attracting major investments. Memory chip maker Micron Technology announced robust quarterly results fueled by AI demand, while eCommerce giant Alibaba.com rolled out AI tools to empower...

Artificial Intelligence
OpenAI Unveils Content Deal With Time Magazine
June 27, 2024

OpenAI and Time announced a multi-year content partnership. 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 form, you...

Investments
Dust Raises $16 Million to Help Companies Deploy AI Assistants
June 27, 2024

Generative artificial intelligence (AI) firm Dust has raised $16 million in additional funding to expand its platform that helps companies deploy AI assistants for internal use cases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
What Core Banking’s 40-Year Evolution Says About What’s Next for Banking
June 27, 2024

There’s a misperception about bankers and banking. That misperception is that money — in all its forms — is the most important asset. The reality is that customers are the most important asset, because if there are no customers there is no money. And financial...

Delivery
Experts Expect Spinoff as FedEx Considers Future of Freight Unit
June 26, 2024

FedEx is reportedly expected to spin off its Freight unit after it conducts an assessment of the future of that business unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...