News

News
Fed Oversight Council Argues for More Control Over FinTech
December 06, 2024

The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they need to oversee their regulated entities’ third-party service providers. Get the Full Story Complete the form to unlock this article...

Payment Methods
Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily
December 06, 2024

With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent over the Swift network every day. Get the Full Story Complete the form to unlock this...

B2B Payments
The 5 Biggest Impacts of AI Across B2B Payment Workflows
December 06, 2024

It’s no exaggeration to say that artificial intelligence (AI) is fundamentally reshaping the business landscape. But while consumer-focused applications continue to grab headlines, a quieter, first-principles revolution is underway in the B2B marketplace. Get the Full Story Complete the form to unlock this article and...

CFPB
Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
December 06, 2024

The Consumer Financial Protection Bureau (CFPB) ordered federal supervision of Google on Friday (Dec. 6) after a contested designation. 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...

Investments
Prima to Expand Supply Chain Integrator Offering Across North America
December 06, 2024

Mexico City-based Prima has raised $23 million in funding to expand its offerings as a manufacturing and supply chain integrator across North America. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
AI Visual Search Apps Target Social Media Style of ‘See-Now-Buy-Now’
December 06, 2024

Tech firms are escalating their push to turn every outfit spotted on social media into an instant shopping opportunity, with startup Aesthetic launching the latest entry into the artificial intelligence (AI)-powered clothing recognition field. Get the Full Story Complete the form to unlock this article...

CFPB
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and charging illegal ATM fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
CFTC to Monitor Use of AI in Derivatives Markets
December 06, 2024

The Commodity Futures Trading Commission (CFTC) is tracking the use of artificial intelligence (AI) in derivatives markets and intends to monitor CFTC-regulated entities’ use of the technology as part of the agency’s routine oversight activities. Get the Full Story Complete the form to unlock this article...

Investments
UK Digital Bank Zopa Raises $85 Million for Expansion and GenAI
December 06, 2024

British digital bank Zopa has raised 80 million euros (about $85 million) in an equity funding round to accelerate its growth and launch new products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...