News

Digital Banking
Report: FairMoney Looking to Acquire Umba, Expand in Kenya
February 20, 2024

FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and Kenya. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Adobe Launches AI Assistant for Reader and Acrobat for Faster Information Processing
February 20, 2024

Adobe is introducing AI Assistant, a new generative artificial intelligence-powered conversational engine for Reader and Acrobat. 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...

Investments
Recogni Raises $102 Million to Meet AI Applications’ Compute Demand
February 20, 2024

Recogni, an artificial intelligence (AI)-based computing firm, has closed a Series C funding round, securing $102 million. 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...

Retail
Home Depot Caters to Click-and-Mortar™ Shoppers to Boost Spending
February 20, 2024

As retailers look to drive omnichannel engagement to boost customers’ spending, Home Depot is linking the online shopping experience to its physical stores, catering to high-value Click-and-Mortar™ shoppers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fintech Investments
Monzo Aims for £4 Billion Valuation as Biggest Challenger Bank in UK
February 20, 2024

Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. 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...

B2B Payments
Why Innovating B2B Payments at Scale Means Targeting Workflow Frictions
February 20, 2024

A foundational truth about B2B payments is that they aren’t really about payments. 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 Draws Entrepreneurs Back to San Francisco
February 19, 2024

San Francisco is reportedly once again at the center of a tech revival, with entrepreneurs and investors returning to the city after a period of exodus during the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Monite Raises $6 Million to Grow Embedded Finance Platform
February 19, 2024

Embedded finance workflows startup Monite added $6 million to its seed funding, bringing its total to $16 million. 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...

Regulation
TikTok Vows to Keep Minors Safe After EU Announces Probe
February 19, 2024

The European Commission has opened formal proceedings against TikTok under the Digital Services Act, saying the regulator aims to protect the well-being of online users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...