FinTech company Avant filed an application to establish an insured national bank called Avant Bank, N.A., the company said in a Friday (Sept. 18) press release. Avant filed the application for a national bank charter with the Office of the Comptroller of the Currency and...
California Gov. Gavin Newsom issued an executive order Friday (Sept. 18) that will convene national experts to provide a guide for the state to reinforce and strengthen its laws covering artificial intelligence safety and security, the governor’s office said in a Friday press release. The...
Many companies can’t put a number on what artificial intelligence does for their productivity. Chewy has one. Chewy CEO Sumit Singh said on the company’s second-quarter earnings call that Chewy expects AI to reduce its costs by about $50 million in fiscal 2027, up from...
Before 2008, new banks routinely entered the U.S. banking system by the dozens each year. Since 2010, they have appeared at a rate of fewer than six a year. From 1995 through 2007, the lowest annual number of new banks was 93, according to Federal...
The paper check has spent years as the punchline of B2B payments modernization. The next legacy format is already sitting in the accounts payable inbox. It’s the PDF. The PDF invoice is moving upstream into a data format problem as the B2B format becomes to...
OpenAI has launched an artificial intelligence foundation designed to be used by law firms and legal technology companies to build AI products and workflows, the company said in a Thursday (Sept. 17) blog post. The new Astra for Law combines OpenAI’s latest and most powerful...
The potential for agentic artificial intelligence and its open issues are well-established. The promise of agentic commerce rests on the assumption that the agent gets the job done. So, Alibaba put the agents to work on real tasks and gave them a grade. Alibaba.com released...
Apple is preparing to launch Apple Pay in India in partnership with Mumbai-based Axis Bank, Reuters reported Friday (Sept. 18), citing unnamed sources. Axis Bank is the first lender in India to partner with Apple on Apple Pay, according to the report. Apple plans to...
Ant International has announced an artificial intelligence-native financial stack that includes nearly 100products across payment, account, foreign exchange, treasury and growth operations, the company said in a Friday (Sept. 18) press release. The product suite is built on Ant International’s two proprietary foundation models, including...