News

Investments
Kiteworks Raises $456 Million to Expand Secure Data Transfer Platform
August 16, 2024

Kiteworks has secured a $456 million growth equity investment to strengthen its market position in secure data transfer and collaboration. 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
US House Leaders Call on Regulators to Focus on AI Benefits
August 16, 2024

Leaders of the House Financial Services Committee (HFSC) called on the Treasury Department to focus on the potential benefits of artificial intelligence as the department considers how to regulate the use of the technology. Get the Full Story Complete the form to unlock this article...

Artificial Intelligence
MIT Database and Google’s Assistant Debut as Regulators Eye Apps
August 16, 2024

From MIT’s artificial intelligence risk database to Google’s enhanced AI assistants, the tech world is abuzz with AI developments promising progress and potential pitfalls. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Digital Banking
Revolut Valued at $45 Billion in Secondary Share Sale
August 16, 2024

Revolut signed agreements with investors for a secondary share sale that values the company at $45 billion. 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...

Payments Innovation
The Hidden Cost of Inefficient Cash Application
August 16, 2024

The key to success for many businesses lies within their finance departments. And the key to success within many finance departments is the embrace of efficient cash application processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Fintech Investments
FinTech IPO Index Jumps 5% as Sezzle and Expensify Lead the Upside
August 16, 2024

Earnings powered the FinTech IPO Index 5% higher in a week that was, as has been the case for the last month, dominated by earnings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Kroger Promises Product Price Cuts If Albertsons Merger Approved
August 15, 2024

Kroger has reportedly doubled the value of price cuts it has committed to making if its merger with Albertsons goes through. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Social Commerce
Reddit’s Focus on Partnerships, Dynamic Product Ads Drive Surge in Ad Revenue, Daily Users
August 15, 2024

Reddit, the digital forum renowned for its diverse user-generated content, is advancing its presence in the advertising sector through a strategic focus on its community dynamics. Its second-quarter results show the company’s digital advertising strategy is enhancing revenue growth and transforming brand engagement practices on social...

Security & Fraud
Chainalysis: Value of Crypto Hacks, Ransomware Payments Rise in 2024
August 15, 2024

The value of funds taken in hacking activities and ransomware attacks rose during the first seven months of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....