U.K. FinTech Zilch is reportedly in discussions with banks as it prepares to go public. The company, whose offerings include buy now, pay later (BNPL) loans, is looking to list on the London Stock Exchange, the Financial Times (FT) reported Wednesday (Sept. 30). Sources familiar...
In April 1956, a trucking executive named Malcom McLean loaded 58 metal boxes onto a converted tanker in Newark and sent it to Houston. Nobody threw confetti. The longshoremen hated it. But the math was hard to argue with. Loading a ship by hand cost...
Watch more: What’s Next in Payments With Chris Trainor of Paymentus Giving an artificial intelligence agent a wallet is easy to understand. Giving it permission to use that wallet safely is where the payments industry gets complicated. “Large language models are probabilistic, and financial execution...
Samsung is investing $1 billion in Helix Digital Infrastructure, an artificial intelligence infrastructure company established by global investment firm KKR and launched in June, Samsung said in a Tuesday (Sept. 29) press release. Samsung Electronics will invest $500 million, while five other Samsung affiliates will...
Citi now enables its bank clients to access multiple cross-border instant payment markets through a single account structure, the bank said in a Tuesday (Sept. 29) press release. This solution also eliminates the need for these bank clients to have separate local banking relationships, bilateral agreements or local technical infrastructure, according...
McDonald’s will deploy ArchIQ, an artificial intelligence-powered restaurant operating system, across its network, with U.S. rollout starting in 2027. Its drive-thru voice agent, Archy, takes orders in English and Spanish with accuracy above 90%, Bloomberg reported. The company told investors at its Sept. 23 investor...
Money can move at 2 a.m. on Sunday. The systems needed to fund, convert, settle and account for that flow of funds may have another schedule. Three developments last week illustrate the timing variances. Seven U.K. banks completed the first live customer transactions using tokenized...
OpenAI has introduced artificial intelligence agents called “dots,” saying in a Tuesday (Sept. 29) press release that they are “built to handle everything.” Dots are powered by OpenAI’s GPT-6 Astra, have their own cloud computer, learn from feedback over time, can work around the clock...
OpenAI is reportedly enjoying revenue gains as it courts enterprise customers. The artificial intelligence (AI) startup is on pace to generate annualized revenue of almost $70 billion, Axios reported Tuesday (Sept. 29), citing sources familiar with the matter. That figure represents a 70% increase since...