News

Artificial Intelligence
This Week in AI: OpenAI and Apple Roll Out New Products
September 13, 2024

Artificial intelligence (AI) is reconfiguring industries worldwide, from Apple’s new iPhone 16 with “Apple Intelligence” to OpenAI’s advanced “o1” reasoning models. As AI capabilities grow, experts caution that strict U.S. reporting rules could push firms overseas while stressing the importance of human oversight as workers...

Investments
Nirvana Raises $24.2 Million to Expand Health Insurance Verification Platform
September 13, 2024

Nirvana has raised $24.2 million in a Series A funding round to add more specialties to its platform that provides insurance verification and cost estimates to both healthcare providers and their patients. Get the Full Story Complete the form to unlock this article and enjoy...

Cross-border Payments
Report: Revolut Looks to Expand Digital Banking License Effort to Middle East
September 13, 2024

Revolut is reportedly looking to expand its business into Gulf Cooperation Council (GCC)-member countries. 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....

B2B Payments
OCR’s Key Role in Scaling Paperless Invoicing and AP/AR Automation
September 13, 2024

Digital transformation isn’t as easy, or simple, as turning a switch that’s “off,” “on.” 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...

Retail
Walmart Hopes In-Person Advantage Can Shrink Amazon’s Fashion Lead
September 13, 2024

As Amazon outstrips Walmart in clothing sales, the latter is using its brick-and-mortar expertise in an attempt to close the gap. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

IPO
FinTech IPO Index Breaks Even Despite Volatile Trading Week
September 13, 2024

Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action throughout the group, the Index was flat, up a scant 0.06%. Get the Full Story Complete the form to unlock...

Loyalty & Rewards
Rewards Network CEO Focuses On Filling Empty Seats at ‘Neighborhood Gems’
September 13, 2024

Delivery services saved restaurants during the pandemic, and it’s a habit that has proven its staying power as seen in the continued success of Instacart, Door Dash, Uber Eats and a host of local options. “But what people really want,” Rewards Network CEO Ed Eger...

Investments
Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
September 12, 2024

MGX, a United Arab Emirates (UAE) state-backed technology investment company, is reportedly considering participating in a multibillion funding round for OpenAI. 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...

Artificial Intelligence
Proposed Commerce Dept AI Rule Could Hike Costs for Small Businesses, Experts Warn
September 12, 2024

A new Commerce Department proposal requiring detailed reporting from artificial intelligence (AI) firms threatens to saddle the industry with hefty compliance costs and potentially drive companies to relocate, experts warn, as the U.S. government seeks tighter oversight of the rapidly evolving technology sector. Get the...