The second quarter produced another round of strong earnings from the nation’s largest banks, and executives spent as much time discussing artificial intelligence, digital delivery and technology investment as they did revenue, expenses and capital ratios. Get the Full Story Complete the form to unlock...
Chinese artificial intelligence startup DeepSeek has reportedly built an annualized revenue base approaching $500 million, strengthening its plans to raise billions of dollars and pursue a public listing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Lumin Digital has raised $115 million in new capital to further the expansion of its unified digital banking platform into a Compounding Growth Platform for banks and credit unions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
PayPal shares jumped about 16% in premarket trading Wednesday after reports that Stripe and Advent International submitted a joint $60.50-a-share offer, valuing the company at more than $53 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
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OpenAI’s first device will be a portable smart speaker that serves as an artificial intelligence companion, Bloomberg reported Tuesday (July 14), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Federal Reserve supervision should not hinder banks’ implementation of artificial intelligence (AI), because the technology can contribute to financial inclusion, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (July 14). Get the Full Story Complete the form to unlock this article and enjoy...
Labor accounts for 51.7% of hotel operating expenses and 32.4% of total revenue at U.S. hotels, according to CBRE Group’s “Trends in the Hotel Industry” report, which analyzed 2,456 properties using 2023 data. Hotels paid 11.9% more in total labor costs that year while operating...
