News

Banking
Thredd CEO Counts on Regulators to Address Vulnerabilities of Banking as a Service
June 21, 2024

The relationships between FinTechs, banks and neobanks has been placed under a harsh spotlight with the recent revelations around the Synapse bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Fintech Investments
FinTech IPO Index Slips 2.1% With Sezzle Balancing the Scales
June 21, 2024

The holiday-shortened week saw the FinTech IPO Index slip 2.1%. 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...

IPO
Acorns Will ‘Likely’ Go Public, CEO Noah Kerner Says
June 20, 2024

Investing and checking accounts app Acorns reportedly expects to launch an initial public offering (IPO), possibly sometime in the next couple of years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Target Pilots GenAI-Powered Chatbot Designed for Store Staffers
June 20, 2024

Target is piloting a generative artificial intelligence (AI)-powered chatbot that answers store staffers’ questions about on-the-job processes. 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...

Retail
LTK Adds Automatic Direct Message Tool to Creator Commerce Platform
June 20, 2024

LTK has enhanced its Creator Commerce platform with a new automatic direct message (DM) tool that makes it easier for creators to share the shopping details of their Instagram posts with their community. Get the Full Story Complete the form to unlock this article and...

Artificial Intelligence
AI Money: Nvidia Soars, Oracle Invests $1B in Spain
June 20, 2024

In a week of seismic shifts in the tech industry, Nvidia has claimed the title of world’s most valuable company, surpassing a $3 trillion market cap on the back of soaring artificial intelligence (AI) demand, while Oracle announced a $1 billion investment in Spanish cloud...

Artificial Intelligence
Materia Exits Stealth, Launches GenAI Platform for Public Accounting Firms
June 20, 2024

Materia has come out of stealth with over $6.3 million in funding, launching a generative artificial intelligence (AI) platform built specifically for public accounting firms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Safe Superintelligence’s Launch Spotlights OpenAI Roots
June 20, 2024

Ilya Sutskever, co-founder and former chief scientist of OpenAI, has launched Safe Superintelligence Inc. (SSI), a new artificial intelligence (AI) company focused on creating a safe and powerful AI system, marking another evolution from OpenAI’s roots. Get the Full Story Complete the form to unlock...

Payments Innovation
Gynger Raises $20 Million to Scale Embedded Financing Platform
June 20, 2024

Gynger has raised $20 million in a Series A funding round led by PayPal Ventures to support its embedded financing platform for technology purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...