News

IPO
 FinTech IPO Index Slips 2.7% Despite nCino’s Surge on Deal Rumors 
June 23, 2023

Even some skyrocketing performers — up double digits — were not enough to boost the FinTech IPO Index. 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...

Banking
Federal Reserve’s Powell: Smaller Banks to Be Exempt From New Capital Requirements
June 22, 2023

Federal Reserve Chair Jerome Powell announced in a Senate Banking Committee hearing on Thursday (June 22) that smaller banks with assets below $100 billion will not be affected by expected new rules requiring banks to keep more capital in the wake of bank collapses in March....

Artificial Intelligence
Humanoid AI Robots Step Out of SciFi and Into the Service Economy
June 22, 2023

Are we entering the age of the machine? 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...

Retail
Overstock.com Wins Auction for Bed Bath and Beyond Digital and Other Assets
June 22, 2023

Bankrupt Bed Bath and Beyond Inc. is expected to sell its intellectual property and some of its digital assets to online retailer Overstock.com Inc. for $21.5 million, according to court documents filed Thursday in U.S. District Court. Get the Full Story Complete the form to unlock this...

Artificial Intelligence
AWS Launches $100M Program to Help Customers Implement Generative AI
June 22, 2023

Amazon Web Services (AWS) has launched a program to help customers accelerate their implementation of generative 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 logins required. yesSubscribe to...

Payment Methods
Sezzle Launches Subscription Service Enabling Installment Payments Anywhere
June 22, 2023

Sezzle has launched a subscription-based service that lets shoppers use its Virtual Card anywhere Visa is accepted. 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...

Retail
Amazon’s Rumored Interest in Ocado Bodes Poorly for Incumbent Grocers
June 22, 2023

Reports that Amazon, among other U.S. tech companies, might be interested in British grocery technology company Ocado Group could mean a dramatic shift in the U.S. eGrocery space — and in retail overall. Get the Full Story Complete the form to unlock this article and...

Retail
Shein Expands Global Presence and Diversifies Supply Chain With Locally-Sourced Products
June 22, 2023

Fast-fashion retailer Shein reportedly plans to enhance its market presence in Europe and Mexico. 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...

Banking
CACEIS Bank Obtains Digital Assets Service Provider Status in France
June 22, 2023

French banking entity CACEIS Bank has obtained Digital Assets Service Provider (PSAN) status. 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...