French artificial intelligence startup Mistral AI is set to raise about €450 million ($487 million) in its latest funding round. The round includes investments from prominent companies such as Nvidia and Salesforce, and is expected to value Mistral AI at around $2 billion, making it a...
As biometric authentication, and notably facial recognition technology, continues its rapid advancement, heightened concerns about privacy and ethical implications have reignited global discourse. This conversation gained momentum when China introduced draft regulations this summer, aimed at imposing limitations on facial recognition. Following suit, the United States has...
Treasury Prime, an embedded banking software company, has joined forces with Effectiv, a fraud and risk management platform, to bring advanced fraud detection capabilities to enterprises and banks, the companies announced Monday (Dec. 4). This collaboration aims to address the increasing incidents of fraud in the...
For forward-thinking merchants eyeing new ways to keep the transactions flowing, to keep consumers opening their wallets and wielding cards, new approaches to rewards may prove most rewarding. Consumer spending these past few months has been uneven at best, and we’re nearing the sprint (or...
Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the FPS x PromptPay Link, according to a Monday (Dec. 4) press release. The collaboration between the Hong Kong Monetary Authority...
Money movement makes the world go ‘round. But moving money around the world has historically challenged organizations looking to expand internationally and do more business in overseas markets. As companies navigate different regulatory regimes, compliance and fraud are ever-present issues, and fragmented payment structures increasingly...
Merchants and brands can foster the use of their store and co-branded credit cards by offering consumers rewards programs, special benefits and card-linked offers. Consumers are most interested in receiving personalized card-linked offers from grocery stores, at 44%, followed by clothing and apparel retailers, at...
As the global economy navigates the twists and turns of inflation, brands and retailers are at a checkout counter of decisions: which aisle to stroll down with their marketing efforts. While the tempting option may be to tailor their strategy toward affluent consumers, who seem...
Nilesh Dusane, global head of institutional payments at AWS, and Ben Janse van Rensburg, interim CIO at BankservAfrica, told PYMNTS that instant payments will do much to transform South Africa’s financial services landscape. Janse van Rensburg noted that BankservAfrica, operating as an automated clearing house,...
