News

International
RBC Debuts International, Multicurrency Trading Service for Investors
December 09, 2024

The Royal Bank of Canada (RBC) launched an online, multicurrency international trading offering. 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....

CFPB
CFPB Bans Performant From Servicing or Collecting Student Loan Debt
December 09, 2024

The Consumer Financial Protection Bureau (CFPB) banned Performant Recovery from servicing or collecting any student loan debts and ordered the company to pay a $700,000 penalty after finding that it used unlawful debt collection practices. Get the Full Story Complete the form to unlock this...

Investments
WaveForms Raises $40 Million for Voice AI Offering
December 09, 2024

A veteran of OpenAI’s voice assistant project reportedly launched a similar effort of his own. 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,...

Artificial Intelligence
AI Explained: How Attention Mechanisms Took Over AI
December 09, 2024

In artificial intelligence, one breakthrough has quietly taken the spotlight: attention mechanisms. 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...

Cross-border Payments
Banks Eye Stablecoins to Accelerate Cross-Border Innovation
December 09, 2024

Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. 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,...

Digital Banking
Revolut Aims to Become New Zealand’s First Global Digital Bank
December 09, 2024

Revolut’s ongoing expansion efforts have the U.K. FinTech focused on New Zealand. 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...

Cross-border Payments
Banks Fight Back: How Cross-Border Technology Is Challenging FinTech Disruptors
December 09, 2024

Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of value” initiative focused on improving front-end interactions, where the lower-end value transactions (defined as payments below the $100,000 threshold) is...

Regulation
Trump Crypto/AI Czar Pick Is Longtime Critic of Regulation
December 08, 2024

America’s incoming cryptocurrency/AI czar has a resume long on regulatory skepticism, short on industry expertise. 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,...

CFPB
CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees
December 08, 2024

A federal judge has upheld an order blocking a cap on credit card late fees. 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,...