America’s consumer protection watchdog says it’s monitoring the banking sector’s use of AI-powered chatbots. The Consumer Financial Protection Bureau (CFPB) said Tuesday (June 6) that it had gotten a number of complaints from customers frustrated by their interactions with banks’ artificial intelligence (AI), used to...
African FinTech Flutterwave has begun offering pay-by-bank transfers through a partnership with Token.io. “Our partnership with Token.io will make it even faster and easier for individuals and businesses to pay and receive money,” Flutterwave CEO Olugbenga “GB” Agboola said in a Tuesday (June 6) news...
Amsterdam-based B2B payments platform Sprinque has secured a 20-million-euro (about $21 million) debt facility. “We’re extremely happy to be able to share the good news for B2B merchants in Europe that operate across borders: We secured … debt facility from Avellinia Capital, which will allow us to finance...
As consumers seek more effective digital tools to discover new restaurants, many — especially younger generations — are increasingly trusting social platforms for recommendations. In an interview with PYMNTS, Uriel Maslansky, CEO and co-founder of Atly, a social media mapping platform that launched last week with $18...
In light of economic conditions, brands and retailers are seeking cost-cutting measures, leading to a surge in out-of-home (OOH) marketing mediums. This shift is attributed to the realization that online channels such as Snap and Facebook appear to be less effective than desired. After a...
Payment infrastructure platform Thunes has raised $60 million to expand into new markets. The Singapore-based company announced the conclusion of its Series C funding round Tuesday (June 6), while also noting it had quadrupled the reach of its mobile wallet network to 3 billion accounts...
Banks’ and FinTechs’ pursuit of collaboration in recent years is an especially positive development, given that United States regulation around open banking likely will make it a necessity. In October, the Consumer Financial Protection Bureau (CFPB) unveiled an open banking framework that will have far-reaching...
Spreedly has launched a payment vault solution that improves transaction success. Advanced Vault combines modern lifecycle features and network tokenization with active management to optimize how payment methods are stored, refreshed and used, Spreedly said in a Tuesday (June 6) press release. “We are offering...
In the banking industry, legacy messages — how data makes its way between financial institutions — have been around for decades. But the world of finance is about to undergo a revolution with the launch of a new messaging standard called ISO 20022. This new...
