March 06, 2024
Alviere Debuts Merchant-Funded Rewards for Co-Branded Cards
Embedded finance platform provider Alviere is letting its clients expand their co-branded debit card incentives. The expansion allows customers to offer merchant-funded rewards, the company said in a Wednesday (March 6) news release....
March 06, 2024
Revolut CEO: London Could Lose FinTech Hub Status
Revolut’s new U.K. CEO wants to make sure London remains a FinTech hub. Speaking to Bloomberg News Wednesday (March 6), Francesca Carlesi warned that the British capital risks losing out...
March 05, 2024
Battle of the Algorithms: Anthropic’s Claude 3 AI Model Rivals...
Anthropic’s new artificial intelligence (AI)-powered Claude 3 models beat competitors in many areas, experts told PYMNTS. The company, which released the models on Monday (March 4), claims that Claude 3...
March 04, 2024
J.P. Morgan to Support Cartes Bancaires CB Payments for Merchant...
J.P. Morgan has become a principal member of the French payments network Cartes Bancaires CB, becoming the first U.S. bank to do so. Having been granted this license, the bank plans to...
March 01, 2024
Who’s Been Regulating My AI?: Goldilocks and The House Of...
By: Parman Dhillon, Gareth Stokes & Mark O’Conor (DLA Piper) Amidst the recent finalization of the EU’s AI Act, significant advancements in AI persist at a rapid pace. On February 2nd, 2024, the...
February 29, 2024
Microsoft Updates Copilot to Bring AI to Finance Teams
Microsoft has debuted a new offering for finance teams via its Copilot AI assistant. Copilot for Finance, announced Thursday (Feb. 29), joins the company’s Copilot for Sales and Copilot for Service offerings, and...
February 29, 2024
CFPB Says Financial Product Comparison-Shopping Tools Must Present Unbiased Results
The Consumer Financial Protection Bureau (CFPB) is working to crack down on companies that operate comparison-shopping tools for financial products and manipulate the results. The CFPB issued a circular to law enforcement agencies and...
February 28, 2024
Pricing Algorithms and Antitrust Enforcement: Sandboxes to the Rescue?
Pricing algorithms make it easier for businesses dynamically to respond to market tendencies and set prices in an instant manner. In doing so, they can contribute to more efficient price...
February 28, 2024
Competition & Collusion in a World of Algorithmic Pricing: Antitrust...
Across many industries, businesses rely on algorithmic pricing systems that analyze large volumes of market data to recommend or set prices. For many years, courts have assessed the effects of...