Steve Cook, chief technology officer at Form3, said in an interview with PYMNTS that the Platform-as-a-Service model is seeing a tailwind from the rise of instant payments. He noted that the United States may be in “a bit of a transformation at the moment,” as...
The proposed EU AI Act (AIA) is an omnibus piece of legislation. It aims to provide the world’s first “horizontal” regulatory framework for AI, not limited to one industry or domain of use. The text is currently winding its way through the corridors of the...
The retail industry is experiencing a significant transformation as digital channels become increasingly influential in driving sales. In “Digital Payments Takeover: Catching the Coming eCommerce Wave,” PYMNTS leverages insights from a survey of nearly 2,700 U.S. consumers to learn more about how their demand for...
U.S. lawmakers are hitting the ground running on creating an artificial intelligence (AI) policy. Big Tech companies are rushing to prove that they can get there first — and do the most — with effective self-regulation. After all, failure to ensure that AI products are safe and...
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, has received a new investment from global investment firm KKR. Through an affiliate, KKR will invest 2,069.50 crore rupees (about $250 million) into RRVL, increasing its equity stake from 1.17% to 1.42%, KKR said in a Monday (Sept....
Digital payments firm PayPoint is offering a new pay-by-bank service. The British company said in a Monday (Sept. 11) press release that it has become the first open banking provider offering bank-to-bank transfers as a payment initiation service provider (PISP) to pay-as-you-go energy customers. “PISP...
Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same. CEO C.S. Venkatakrishnan told CNBC Monday (Sept. 11) that these workforce plans are in line with the broader financial industry, emphasizing that what is happening at Barclays is no...
Perfios, an Indian B2B Software-as-a-Service (SaaS) FinTech, has raised $229 million in a Series D funding round. The round was led by Kedaara Capital and marks one of the largest investments in an Indian B2B SaaS firm this year, the company said in a Monday...
Installment payment platforms Splitit and AliExpress are bringing their “Pay After Delivery” offering to the United States. The service, already offered throughout Europe, lets consumers pay for goods after delivery using a “custom-branded experience embedded in the AliExpress checkout flow,” the companies said in a news release Monday (Sept. 11)....
