News

Banking
32% of SMBs Favor Community Banks Over National Banks
March 05, 2025

With 16% of small and mid-sized businesses (SMBs) considering switching banks, many are turning to community banks and credit unions (CUs) for their personalized service and local accessibility. While these smaller financial institutions (FIs) hold appeal, they face challenges in digital banking that may hinder...

Artificial Intelligence
Report: AWS CEO Says Agentic AI Could Be Company’s ‘Next Multibillion Business’
March 04, 2025

Amazon Web Services (AWS) reportedly formed a new group focused on agentic artificial intelligence (AI), with AWS CEO Matt Garman saying the technology could be “the next multibillion business for AWS.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Klarna CEO: SaaS Companies to Consolidate as Customers Seek ‘Hub of Knowledge’
March 04, 2025

Klarna Founder and CEO Sebastian Siemiatkowski said Tuesday (March 4) that there is likely to be a consolidation of software-as-a-service (SaaS) companies as their customers, who are adopting artificial intelligence (AI), seek a “hub of knowledge.” Get the Full Story Complete the form to unlock this article...

Artificial Intelligence
Aldi Adopts Digital Wave’s GenAI Solutions for Product Copy and Attribution
March 04, 2025

Grocery retailer Aldi will use Digital Wave Technology’s generative artificial intelligence (GenAI) solutions in the U.S. to automate the creation of product copy and product attribution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
T-Mobile Parent Developing a Voice-Activated AI Phone
March 04, 2025

T-Mobile parent Deutsche Telekom is developing an “AI Phone” that would embed generative artificial intelligence (AI) systemwide as its “virtual butler.” Users would simply talk to the phone to get it to do tasks, instead of switching between apps. Get the Full Story Complete the...

B2B Payments
CFOs Say Tariffs Spark New Uncertainties as They Scramble to Reconfigure Supply Chains
March 04, 2025

With U.S. tariffs on Canadian, Chinese and Mexican imports now in full force, American companies are racing to retool their business playbooks amid a global trade war. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Mews Takes in $75 Million to Boost Hospitality Management Platform
March 04, 2025

Mews says it has raised $75 million to expand its hospitality management platform. 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...

Banking
British Lenders Borrow $12.7 Billion From Country’s Central Bank
March 04, 2025

Borrowing by U.K. banks from a certain Bank of England facility is reportedly at the highest level since the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Lenkie Raises $62 Million to Fund Business Supplier Payments
March 04, 2025

Cashflow management platform Lenkie has raised $62 million in new funding. 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 completing...