News

Fintech Investments
FinTech IPO Index Up 3.8% as Lemonade Surges on UK Expansion
July 19, 2024

Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the week, and platforms were the prime movers. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
European Central Bank: Swift Outage Affected Real-Time Gross Settlement System
July 18, 2024

The outage at Swift that affected the Bank of England also impacted the European Central Bank. 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
Meta Suspends AI Tools in Brazil Amid Privacy Policy Dispute
July 18, 2024

Meta has reportedly suspended its generative artificial intelligence (AI) tools in Brazil after one of the country’s regulators objected to part of the company’s privacy policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Small Business-Focused FinTech Wamo Raises $5 Million
July 18, 2024

London-based FinTech wamo has raised $5 million to develop small to medium-sized business (SMB)-focused banking solutions. 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...

Payment Methods
Bank of England: CHAPS Payment System Service Restored After Outage
July 18, 2024

The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Loyalty & Rewards
Domino’s Loyalty Refresh Doubles Members’ Pickup Orders Amid Consumer Hesitance
July 18, 2024

As consumers cut back their overall spending, Domino’s has been able to get its loyalty members to buy more by offering more effective rewards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Coast Raises $40 Million to Expand Solutions for Fleet Payments
July 18, 2024

Coast has raised $40 million in new Series B financing to accelerate adoption of its solutions for fleet 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...

Artificial Intelligence
OpenAI Debuts Cheaper AI Model GPT-4o Mini
July 18, 2024

OpenAI has introduced a smaller, more affordable iteration of its artificial intelligence (AI) model ChatGPT. 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,...

Artificial Intelligence
AI Money: AI Surge Spurs Tech Giants’ Expansion, Fuels Investment Frenzy
July 18, 2024

The artificial intelligence boom is reshaping the tech landscape, with industry leaders like TSMC, Microsoft, and Anthropic racing to meet soaring demand and capitalize on new opportunities. As TSMC doubles down on chip production for AI, Microsoft courts private equity with AI tools, and Anthropic...