July 17, 2023
SEC Chair Gary Gensler Says Agency Developing Rules for AI...
The Securities and Exchange Commission (SEC) will be using current authorities to regulate the use of new artificial intelligence (AI) tools. SEC Chair Gary Gensler said that while outlining challenges...
July 17, 2023
HyperPay Acquires Sanad Cash to Expand Payment Services in MENA
HyperPay, a payments services provider in the Middle East and North Africa (MENA) region, has acquired Saudi spend management FinTech firm Sanad Cash. The strategic move was designed to bolster HyperPay’s...
July 17, 2023
Lenders and Vendors Catering to Commercial Spend Look to Lift...
Today’s future-fit commercial payment capabilities couldn’t have picked their go-to-market timing better. As businesses look to shape and refine their economic forecasts and downstream working capital needs for the near...
July 17, 2023
Will Higher Bank Capital Requirements Give FinTechs a Lending Edge?
Higher capital requirements may have a negative ripple effect on banks — tightening the lending spigots even further. And the winners may be the FinTechs that gain more lending business...
July 17, 2023
Ripple Optimistic About US Banks Adopting XRP
Ripple is reportedly optimistic about the prospect of financial institutions being interested in using its On-Demand Liquidity (ODL) product, which utilizes XRP for money transfers, in the third quarter. This news...
July 17, 2023
Data and Better Loan Terms Help Credit Unions Win Millennial...
As inflation remains stubbornly in place and credit gets ever more expensive, credit unions may have a secret weapon. Scott Young, managing VP of Emerging Services at PSCU, told PYMNTS...
July 16, 2023
Report: Character.AI Plans New Funding Round to Build Revenue Cushion
Artificial intelligence (AI) startup Character.AI is pursuing another funding round. That’s according to a report Saturday (July 15) by The Information, which cited a source with direct knowledge of Character.AI’s plans. The...
July 16, 2023
Venture Capital Firms Slash ‘Megafunds’ Even Amid AI Boom
Venture capital (VC) outfits are reportedly shrinking their megafunds after years of building them up. As The Wall Street Journal (WSJ) reported Sunday (July 16), these cuts illustrate the way tech...
July 14, 2023
Cash-Strapped Tech Startups Seek Acquisitions to Stay Afloat
Cash-strapped tech startups facing a financing crunch are increasingly seeking to sell themselves to larger companies, launching a wave of takeovers of popular artificial intelligence companies that has revived Silicon...