Andon Labs signed a café lease in Stockholm, handed it to an artificial intelligence (AI) agent and told it to run it. Two weeks later, the café had earned 44,000 SEK (about $4659), 120 eggs for a kitchen with no stove and impersonated two employees...
European neobank Bunq filed for a Mexican banking license, saying it aims to serve the growing number of global citizens within, and with ties to, Mexico. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The April hacks of crypto companies Drift and Kelp DAO have shaken the crypto sector because those attacks may have been aided by artificial intelligence (AI), Bloomberg reported Friday (May 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.S. Senate Banking Committee’s vote Thursday (May 14) to advance the Clarity Act marked one of the most consequential regulatory developments for digital assets since the collapse of FTX reignited demands for federal oversight. Get the Full Story Complete the form to unlock this...
HSBC responded Friday (May 15) to a media report that it paused a $4 billion investment in its private credit funds, saying it remains committed to that business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Cryptocurrency and prediction markets platform Gemini Space Station received a $100 million strategic investment from Winklevoss Capital Fund, which is owned by Gemini founders Tyler Winklevoss and Cameron Winklevoss. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Picture a flea market the size of a small country. Every stall is run by a different person. Every item is one of a kind. Now imagine walking in and knowing, within seconds, exactly where to go. That is what Etsy is building. And the...
Artificial intelligence is becoming part of the everyday operating system of financial services, from fraud detection and identity checks to customer service and transaction monitoring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
CFOs are asking more of their B2B payments. And for the first time, B2B payments can deliver. Digital innovations like virtual cards and embedded payments have transformed accounts payable (AP) and accounts receivable (AR) from back-office functions into a dynamic cash flow management engine. Get...
