News

Fintech Investments
FinTech IPO Index Adds 2.6% as Paysafe Jumps on Takeover Reports
February 07, 2025

The FinTech IPO Index’s gains this past week — up 2.6% through Thursday (Feb. 6) across the past five sessions — were tied to a mix of newsworthy events. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payments Innovation
iGaming’s Payment Evolution Has Strong Odds to Catch Consumer Loyalty
February 07, 2025

As sportsbooks and online gaming platforms compete for player loyalty in an increasingly saturated market, the entire sector is getting a makeover. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Payments Innovation
InvoiceCloud and POWERCONNECT.AI Partner on AI and Payment Solutions for Utilities
February 06, 2025

InvoiceCloud and POWERCONNECT.AI have partnered to offer integrated artificial intelligence (AI) and payment solutions for utilities. 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...

Artificial Intelligence
MIT Discovers AI Training Paradox That Could Boost Robot Intelligence
February 06, 2025

Researchers from MIT, Harvard and Yale discovered a paradox in the field of artificial intelligence (AI) training that could represent a breakthrough in accelerating intelligence in robots. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
AI Models and Tools: OpenAI’s Debuts ‘Cost-Efficient’ Model as Mistral Upgrades
February 06, 2025

OpenAI has released what it calls its “most cost-efficient” reasoning artificial intelligence (AI) model, the o3-mini. The model is part of OpenAI’s o1 series, which can reason through tasks but takes longer to respond than non-reasoning models. Compared to OpenAI’s GPT (LLM) series, reasoning models...

Investments
Trump Media Applies to Register Trademarks for Financial Services Brand
February 06, 2025

Trump Media and Technology Group (TMTG) said Thursday (Feb. 6) that it applied to register trademarks for brand names connected to the upcoming launch of its customized exchange-traded funds (ETFs) and customized separately managed accounts (SMAs). Get the Full Story Complete the form to unlock...

Artificial Intelligence
DeepSeek Restricts Access as AI Model Balloons in Popularity
February 06, 2025

DeepSeek’s artificial intelligence model is reportedly too popular for its own good. 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
FirstRand Adopts Fiserv’s Cloud-Based Banking Platform
February 06, 2025

FirstRand Group, the largest financial institution by market capitalization in Africa, said Wednesday (Feb. 5) that it will adopt Fiserv’s cloud-based banking platform, Finxact. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Trump Tariffs Leave Shein and Temu Retailers Paying 30% More
February 06, 2025

Chinese retailers selling on Shein and Temu are reportedly facing a 30% levy on exports. 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...