FinTech firms’ products and services provide benefits that far exceed the risks they pose. So said Rep. French Hill of Arkansas, chairman of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, during opening remarks delivered Wednesday (Oct. 25) before the hearing,...
Financial operations platform BILL has introduced new capabilities for small businesses and accounting firms. The San Jose company announced Wednesday (Oct. 25) that it was rolling out automation technology to help small and medium-sized businesses (SMBs) and accounting practices gain more control over and visibility into their accounts payable...
BNY Mellon has introduced a foreign exchange (FX) platform that lets clients execute transactions across portfolios. Universal FX, announced Wednesday (Oct. 25), follows the bank’s earlier debut of its OneFX solutions suite. “Today, the investment management industry often manages portfolios across several providers resulting in an inconsistent FX...
Amazon Ads introduced a new generative artificial intelligence (AI) solution for image generation, aimed at helping advertisers enhance their ad campaigns and create more engaging content. Now in beta, this image generation tool enables brands to produce lifestyle imagery that improves the performance of their...
Google has expanded the availability of its augmented reality (AR) beauty features by bringing them to mobile browsers. The tech giant introduced AR beauty features to enhance the online shopping experience nearly three years ago, Google said in a Wednesday (Oct. 25) blog post, which...
Worldline shares reached record lows Wednesday (Oct. 25) as the company reduced its sales forecast. The French payments FinTech announced it anticipates organic revenue growth of between 6% and 7%, down from an earlier prediction of 8% to 10%, causing its stock to fall 57%...
When it comes to innovation in payments, there’s no more exciting time than right now. Historically, the U.S. businesses heavily relied on checks, Automated Clearing House (ACH) and wires to make payments. However, this changed significantly in 2015 when the Federal Reserve issued a white...
In payments, Spreedly CEO Justin Benson told Karen Webster in a recent interview that 2023 “has been the year of retrenchment.” The time is right, he said, to take stock of corporate strategies and product and service innovations. As interest rates have soared, as early-stage-funding has dried up,...
Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by fraudsters — and a tool necessary to beat them too. “In the payments security space, just as in the consumer...
