News

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...

Artificial Intelligence
DeepSeek Faces Ban on US Government Devices
February 06, 2025

U.S. lawmakers are set to introduce legislation outlawing DeepSeek’s AI chatbot on government devices. 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...

Payments Innovation
Thredd’s McCarthy: ‘Seismic Shift’ Will Define FinTech Future
February 06, 2025

The last half-decade of the 2020s looms, and for FinTechs and financial services in general, the dust has just started to be kicked up on Capitol Hill and in the White House in terms of new regulations and even a reshaping of the regulatory agencies...

Investments
ClarityPay Boosts Consumer Finance Solutions With Neuberger Berman Capital Purchase Program
February 05, 2025

Point-of-sale lending solution ClarityPay said Wednesday (Feb. 5) that it agreed to up to $1 billion in a capital purchase program from funds managed by investment manager Neuberger Berman’s Specialty Finance group. Get the Full Story Complete the form to unlock this article and enjoy...

Wearables
AI is Driving a Smart Glasses Boom. Will It Last?
February 05, 2025

A decade after the debut of the original Google Glass — frame-only glasses with a small computer in the place of lenses — a new wave of next-generation smart glasses has emerged. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Why Amazon and Walmart Suddenly Like Malls
February 05, 2025

Walmart is expanding its real estate portfolio with a major acquisition. 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...

Artificial Intelligence
AI Startup News: SoftBank, Google and a New Startup Fund
February 05, 2025

SoftBank reportedly is leading a $500 million investment round in Skild AI, a startup developing general intelligence for robots that can be adapted to perform different tasks. Typically, robots are trained to do limited tasks. Get the Full Story Complete the form to unlock this...