News

Investments
Socure Acquires Fraud Fighter Fravity as Valuation Hits $5.2 Billion
August 27, 2026

Identity and risk intelligence infrastructure provider Socure is now a $5.2 billion company. 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....

Banking
UK Wants Central Bank to Support Stablecoin Innovation
August 27, 2026

England wants its central bank to support innovation in stablecoins and other digital money. 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...

Acquiring
Nvidia Nearing $13 Billion Deal For AI Startup Hugging Face
August 27, 2026

Nvidia is reportedly close to acquiring the artificial intelligence platform Hugging Face. 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...

Payments Innovation
WEX Says Faster Payments Need Smarter Brakes
August 27, 2026

Watch more: What’s Next in Payments With WEX’s Ron Griswold 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...

Artificial Intelligence
Synchrony Says AI Has Put Every Checkout in Play
August 27, 2026

Watch more: What’s Next in Payments With Synchrony’s Maran Nalluswami 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...

Payments Innovation
Bank of England Welcomes Government Plan to Drive UK Payments Innovation
August 26, 2026

The British Treasury plans to give the Bank of England a new “secondary objective” to support innovation in payments technology and digital currencies, including stablecoins, Reuters reported Wednesday (Aug. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
Nvidia Says AI Agents Are Draining Its Chip Supply
August 26, 2026

Artificial intelligence has moved past the hype stage, according to Nvidia CEO Jensen Huang, who said on the company’s second-quarter earnings call that “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue.” Get the...

Artificial Intelligence
Instinct Nears $2.5 Billion Valuation as AI Assistants Take Over Daily Chores
August 26, 2026

Instinct, the developer of an artificial intelligence (AI)-powered assistant that seems to be gaining traction among early adopters, is raising a $250 million Series B at a $2.5 billion valuation, the Wall Street Journal reported Wednesday (Aug. 26), citing its interview with Instinct Founder Noah...

Artificial Intelligence
Anthropic Escalates Cloud Spending With $45 Billion Nscale Agreement
August 26, 2026

Anthropic has agreed to pay $45 billion to rent cloud computing power from neocloud company Nscale’s West Virginia data center, which is set to start operating in late 2027, Bloomberg reported Wednesday (Aug. 26), citing unnamed sources. Get the Full Story Complete the form to...