News

Banking
Increase Debuts Bank to Help FinTechs Build Financial Products
July 29, 2026

Six years after its founding, banking infrastructure company Increase is now a bank. 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
ChatGPT Approaches 1 Billion Weekly Active User Milestone
July 29, 2026

OpenAI’s flagship product ChatGPT is reportedly approaching 1 billion weekly active users. 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...

Artificial Intelligence
South Korea Turns AI Into a Public Utility
July 29, 2026

South Korea is becoming the first country to offer artificial intelligence (AI) as a public utility, providing all 52 million residents free, unlimited access to an AI chatbot, in the same way it already provides broadband and public education. Get the Full Story Complete the...

Artificial Intelligence
Lawmaker Seeks Budget to Build AI Assistant for House Staffers
July 29, 2026

Rep. Stephanie Bice (R-Okla.) has requested funding for an artificial intelligence agent that will help U.S. House staff find information, interact with the chamber’s systems and data, and support the development of customized skills and tools. Get the Full Story Complete the form to unlock...

Artificial Intelligence
Delaware Proposes New Legal Framework for Autonomous Agents
July 29, 2026

Delaware is proposing a new type of corporate entity designed specifically for autonomous artificial intelligence (AI) agents, according to a Monday (July 27) Bloomberg report. If adopted, the initiative would establish one of the first formal legal frameworks for “agentic commerce” by allowing AI systems...

Banking
German Financial Regulator BaFin to Monitor Banks’ AI Use
July 29, 2026

Germany’s financial regulator wants to pay closer attention to the banking sector’s artificial intelligence (AI) use. 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...

Artificial Intelligence
Data Center Gold Rush Sparks Big Paydays for Electricians
July 29, 2026

The AI data center construction boom has made it a good time to be an electrician. 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...

Artificial Intelligence
NIST Launches AI Model Evaluation Program to Benchmark Performance on Blind Test Data
July 29, 2026

The National Institute of Standards and Technology launched a new initiative designed to provide standardized, independent evaluations of artificial intelligence models using blind datasets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
InvestFi Raises $20 Million to Help Credit Unions Reclaim Deposits From Investment Apps
July 29, 2026

Credit union service organization (CUSO) InvestFi raised $20 million for its embedded investing platform that enables American credit unions and community banks to offer their customers digital investing directly within online banking. Get the Full Story Complete the form to unlock this article and enjoy...