News

Investments
UK Digital Bank Zopa Raises $85 Million for Expansion and GenAI
December 06, 2024

British digital bank Zopa has raised 80 million euros (about $85 million) in an equity funding round to accelerate its growth and launch new products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Payment Methods
The Secret to High Global Conversion Rates? Understanding Local Payments
December 06, 2024

Consumers decide which payment methods are successful and drive market trends. Regardless of the market, the use case or their locations, their preferred payment methods are defined by the ease of the execution process at their merchant of choice. Merchants, of course, want to be...

Artificial Intelligence
67% of Telecom Execs See GenAI Enhancing IT Services
December 06, 2024

Telecom companies are adopting generative artificial intelligence (AI) and driving a shift in the industry. Initially focused on efficiency, this technology is set to change operations, customer service and market positioning. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Walmart’s Gains in Premium Market Shake Up Holiday Sales
December 06, 2024

Following a strong Black Friday and Cyber Monday, both Walmart and Amazon reported record-breaking sales, with their platforms seeing growth from third-party sellers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Fintech Investments
nCino’s Weak Guidance Sends FinTech IPO Index 1.6% Lower
December 06, 2024

The broader tech-heavy NASDAQ was 1.1% higher through the last five sessions, while the Dow hit a record before backing off a bit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Amazon Launches Nova AI Models for Business
December 05, 2024

At its annual re:Invent conference this week, Amazon unveiled a comprehensive artificial intelligence (AI) strategy and launched new Nova foundation models. The announcements signal Amazon’s push to make advanced AI more accessible and cost-effective for enterprises through Amazon Bedrock, its fully managed AI service. Get...

B2B Payments
This Week in B2B Innovation: Capturing Opportunity Across an Atypical Landscape
December 05, 2024

Business-to-business (B2B) payments are undergoing a period of upheaval and reinvention. 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...

Payments Innovation
Recent Funding Rounds Signal PayFac’s Rising Star
December 05, 2024

Platforms are rapidly forging their own ecosystems — matching supply and demand, buyers and sellers, sometimes on a global scope. In other cases, they serve specific verticals — for example, hair salons or restaurant delivery — to offer a one-stop shop for a variety of...

Artificial Intelligence
Tech Firms Ride AI Wave With New Tools and Partnerships
December 05, 2024

Three major technology companies reported revenue growth and expanded artificial intelligence offerings Wednesday, with Pure Storage rolling out enterprise AI tools, Box launching custom AI agents and Verint doubling profits on strong AI demand. Pure Storage announced partnerships with Nvidia and CoreWeave alongside its new...