May 02, 2024
Apple’s Quarter Beat Muted Expectations, but China and AI Battlefields...
The bar was, arguably, low coming into Apple’s latest earnings report. And the tech giant stepped over that bar, spurring investors to breathe a sigh of relief, sending shares up...
May 02, 2024
Mercado Libre’s Investments in Mexico Propel Earnings
Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its multifaceted business Thursday (May 2)....
May 02, 2024
Chase’s New SMB Offerings Point to Appeal of Ad Hoc...
In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage. PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of total accounts payable volume. One-third...
May 02, 2024
Pleo Secures $43 Million Facility to Expand Credit Offering
Pleo has secured a 40-million-euro (about $43 million) debt financing facility from HSBC Innovation Banking UK. With this facility, the Danish FinTech will expand its credit offering, Pleo Overdraft, which helps European companies...
May 02, 2024
Synchrony Expands CareCredit to More Dental Practices
Consumer financial services company Synchrony has teamed with dental practice-focused healthcare firm Affordable Care. The collaboration will make CareCredit, Synchrony’s health and wellness credit card, available as a payment option at more than 450 dental...
May 02, 2024
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment...
In a recent announcement, the Federal Communications Commission (FCC) revealed that nearly 40% of U.S. telecom companies receiving federal support require additional government funding to eliminate equipment supplied by Chinese...
May 02, 2024
Oracle Adds AI-Powered Vector Search to Converged Database
Oracle, a provider of integrated suites of applications and secure infrastructure in the Oracle Cloud, has introduced Oracle Database 23ai. This latest release of Oracle’s converged database introduces more than 300...
May 02, 2024
Banyan to Add Item-Level Data Capabilities to WEX Virtual Payments
Banyan has announced a new partnership with WEX. “As a B2B FinTech whose purpose is to simplify the business of running a business, WEX helps solve operational complexities and streamline...
May 02, 2024
Amazon’s AI Ambitions Help Fuel Q1 Earning Surge
Amazon reported strong financial results for the first quarter of 2024, as the company doubles down on its artificial intelligence (AI) initiatives and sees a resurgence in its cloud computing division,...
GenAI is rapidly gaining traction in the financial services sector, but executives worry about the risk of spreading financial misinformation and exposing sensitive data to security breaches. The latest “Generative AI Tracker®,” a collaboration with AI-ID, examines what experts and bankers say is needed to get bankers over the hump.
