In its latest move to redefine the firm’s relationship to robotics, SoftBank announced that it has halted production on its Pepper robot. It is the firm’s second major move away from robotics of late — last week, the company finalized its deal to sell robotics...
With e-grocery options that rely on in-store picking, substitutions are still something of a sticking point for many shoppers. On Thursday (June 24), Walmart announced its solution: Rather than relying on human intelligence to make the switch, the company will offer the ability for in-store...
NXTsoft, which provides API connectivity for banks and FinTechs, announced on Wednesday (June 23) that it has formed a partnership with the artificial intelligence (AI) lending platform provider Upstart. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Although the total number of banks that use artificial intelligence (AI) to assess credit risk has tripled in the past three years, those gains have overwhelmingly been limited to the largest lenders. Get the Full Story Complete the form to unlock this article and enjoy...
It’s been a while since cash was king here in the U.S., but in other parts of the world, such as South America, paper money has managed to retain its grip, albeit slightly diminished as a result of the pandemic’s many lifestyle changes that exposed...
Credit risk decisioning is being called out as the biggest challenge facing banks and financial institutions (FIs) in a time of rebuilding. Banks and FIs have tripled their use of artificial intelligence (AI) in this area since 2018, and it’s ramping up more intensely now....
Not that long ago banks and financial institutions (FIs) made technology investments that typically put the company’s interests first and its customers’ second (or third). With the pandemic fog of war now lifting, FIs are revisiting and reordering these past priorities. Get the Full Story...
Perfect Corp. has branched out from beauty into fashion. 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,...
Artificial intelligence (AI) has long since moved from the realm of science fiction to reality, with reports of new applications from transportation to cybersecurity seemingly emerging every day. At the same time, the technology has made fairly limited inroads in the banking sector. PYMNTS’ latest...
