Retail crime isn’t solely affecting the United States; it’s also a burgeoning concern on the other side of the Atlantic. On Sunday (Oct 1), 88 U.K. retailers united to endorse a letter drafted by the British Retail Consortium (BRC). This letter was addressed to Home...
A top European Union official is warning against letting “dystopian” fears govern artificial intelligence (AI) rulemaking. Věra Jourová, the European Commission’s vice president for values and transparency, said in an interview with the Financial Times (FT) Tuesday (Oct. 3) that paranoia in AI regulation could...
South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital and brings Stitch’s total funding to $52 million, the company said in a news release provided to PYMNTS. Joining the...
Sustainable growth comes from consistent organizational buy-in at the executive level. “It is about setting strategic direction from the top,” Aanchal Kochhar, head of product at Capital One Trade Credit, told PYMNTS. And two roles whose departments are growing increasingly important, as well as becoming...
With the Sibos 2023 financial services conference in the rearview mirror, central bank digital currencies (CBDCs) and blockchain in active discussion, and the FedNow® Service in the news, Form3 CEO Michael Mueller observed to Karen Webster: “Payments are still an exciting growth business, despite the...
It’s hard to ignore the omnipresence of our mobile phones. We turn to them countless times throughout the day, making them an indispensable part of our daily routine. While the advantages of staying “connected” are evident, there are also undeniable disadvantages, with one of the...
Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI. Roelof Botha, partner at Sequoia Capital, said that while Sequoia Capital has been a long-time investor in OpenAI, the firm is not actively...
Social media platform X is teaming up with Paris Hilton and her digital ad agency 11:11 Media on shopping and video projects. X CEO Linda Yaccarino said in a Monday (Oct. 2) post on the social media platform formerly known as Twitter that Hilton — “the queen of pop culture, music, business and...
London-based embedded finance provider Weavr has said it will close its open banking payments app, Comma. The company acquired the app in March and will close it on Nov. 30, Tom Beckenham, the founder of Comma and currently the vice president of strategic opportunities at Weavr, said...
