News

Regulation
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an Oct. 12 (Thursday) statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
October 12, 2023

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
UK’s Sign of the Times to Expand Luxury Resale Platform
October 12, 2023

London-based luxury resale platform Sign of the Times, has recently received new investment from industry leaders, including BrandAlley and Sweaty Betty founder Tamara Hill-Norton. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
It’s Not Just FTX: Businesses Are Giving Anthropic Billions for Safer AI
October 12, 2023

On the surface, cryptocurrency and artificial intelligence (AI) don’t have much in common.  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....

Investments
Pair Announces $75 Million Series C as Shoppers Seek D2C Customization
October 12, 2023

Overall, the tide may be turning away from direct to consumer (D2C) toward brick-and-mortar, but shoppers continue to demand digital convenience when it comes to highly personalized items — a trend that is benefitting eyewear brand Pair Eyewear. Get the Full Story Complete the form...

Artificial Intelligence
Report: OpenAI to Introduce Updates to Make AI Models More Affordable
October 12, 2023

OpenAI is reportedly set to introduce updates next month aimed at making its artificial intelligence (AI) models more affordable and efficient for developers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payments Innovation
Discover Global Network Launches Cloud-Based Network Tokenization Platform
October 12, 2023

Discover Global Network, the payments brand of Discover, has launched its new cloud-based network tokenization platform. 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...

Artificial Intelligence
AI’s Cost Curve Has Big Tech Losing Money
October 12, 2023

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 to receive marketing communications from PYMNTS and...

Retail
From Shopping Hauls to Experiences, Consumers Tap Overbuying Trend 
October 12, 2023

We’ve probably all observed the trend in minimalism. One component of the trend focuses on only acquiring essential items. While the minimalist aesthetic has gained significant attention on social media, its polar opposite has also gained traction, albeit in a more subtle manner.  Get the...