September 05, 2023
ThetaRay Raises $57 Million for AI-Driven Financial Crime Detection

Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities. The growth round, announced Tuesday (Sept. 5), was led by Portage and will allow ThetaRay to accelerate its global...

September 05, 2023
US Senate’s Return May Kick AI Regulation Into High Gear

Summer is over, but the generative artificial intelligence (AI) revolution continues to march on. Many of the bleeding-edge large language models (LLMs) from firms like OpenAI, Google and Anthropic  were updated in August — yet outside...

September 05, 2023
Apple and Microsoft Push Back Against EU’s ‘Gatekeeper’ Designation

Microsoft and Apple are reportedly protesting their classification as “gatekeepers” under new European tech regulations. As the Financial Times (FT) reported Monday (Sept. 4), the tech giants’ fight with the European Union (EU) is happening...

September 05, 2023
PYMNTS Intelligence: Why Automation Is Mission-Critical for Campuses’ Future

Higher education has come a long way from its ivy-covered image of the past. Universities have had to become digitally nimble to keep up with both students’ changing habits and...

September 05, 2023
Push to Debit Brings ‘Emotional Relief’ of Faster Payments to...

Property management always has a flurry of activity in the background. Landlords employ and contract with a variety of vendors and suppliers to keep things running smoothly, the grounds maintained,...

September 05, 2023
Visa: AI Helps Combat the ‘Democratization’ of Cybercrime and Ransomware

Michael Jabbara, vice president and global head of fraud services at Visa, told PYMNTS the fraud game is changing. Up until recently, he said, “you needed to have a certain...

September 05, 2023
From Remittances to Retail: Why Ripple Believes CBDCs Will Change...

As currency becomes increasingly digitized, more end users are able to reap its benefits, in turn feeding an underlying network effect of increased market participants and inclusion. “There are many...

September 04, 2023
Chinese Tech Giants Begin Enforcing New Government App Rules

China’s technology giants have reportedly begun enforcing new rules governing app publishers. Mobile app stores operated by companies like Tencent and Xiaomi have begun blocking app publishers from debuting new apps if they haven’t made...

September 04, 2023
Germany’s Banking Regulator BaFin Hit by Cyberattack

Germany’s banking regulator has reportedly closed off parts of its website following a cyberattack. BaFin took defensive measures following the attack Sept. 1, which restricted access to the website, Bloomberg reported Monday (Sept....