News

Artificial Intelligence
Navigating AI Compliance: How Global Banks Balance Innovation and Regulation
October 16, 2024

This week in artificial intelligence regulation finds China, India and the global banking sector grappling with the need for comprehensive AI regulation as the influence of technology grows. Experts emphasize the importance of balancing innovation with consumer protection, while financial institutions leverage AI to streamline...

Banking
Monzo Business Customer Base Exceeds 500K
October 16, 2024

British neo-bank Monzo says it now has more than 500,000 business customers. 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
Why So Many Mid-Sized Banks Fail the Digital Lending Readiness Test
October 16, 2024

Mid-sized financial institutions (FIs) — including community banks, regional banks, and credit unions — face growing challenges in automating their lending processes. This is particularly true for small to mid-sized businesses (SMBs). While 70% of FIs have automated consumer lending, only 33% have done so...

Banking
Financial Stress Can Become Moment of Engagement for Community Banks  
October 16, 2024

There’s no shortage of static when it comes to financial advisors with wellness advice these days. Social media feeds, banking apps, 24-hour news channels and podcasts are all crowded by influencers, experts and a never-ending deluge of what it takes to be financially secure. In...

Cross-border Payments
Cross-Border Payments Hope to Find Their Footing in Proof of Value Experiment
October 16, 2024

As with any app, any payment, any interaction where money’s being sent and received, first impressions matter. Even for cross-border payments, where the customer-facing experience needs to be marked by speed, transparency and security … with no hidden fees. Get the Full Story Complete the...

B2B Payments
Buyers’ Market, Sellers’ Strategy: Business Payments Networks Tackle Age-Old B2B Dilemma
October 16, 2024

The bench of B2B payment mechanisms is becoming deeper. From technologies like virtual cards and tokenization, real-time payments and beyond, businesses have a wide array of tools at their disposal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Amex: Delayed B2B Payments Can Redefine Supplier Relationships
October 16, 2024

Businesses should focus on growth, not payments. 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 this form, you agree...

Retail
Ghost Raises $40 Million to Expand B2B Marketplace for Surplus Inventory
October 15, 2024

Ghost has raised $40 million in a Series C funding round to continue expanding its members-only business-to-business (B2B) marketplace that connects brands and retailers and facilitates the buying and selling of surplus and wholesale inventory. Get the Full Story Complete the form to unlock this...

Artificial Intelligence
Google Amps Up Gemini’s AI Model for New Shopping Platform
October 15, 2024

Google has revamped its shopping platform, introducing an experience powered by artificial intelligence (AI) that will roll out across the U.S. in the coming weeks. This transformation leverages 45 billion product listings from Google’s Shopping Graph and Gemini models to enhance how users research and...