Non-bank financial institutions like pension funds, insurance companies, hedge funds and money market funds could present risks to financial stability as their role in the financial system grows, Dave Ramsden, deputy governor, markets and banking at the Bank of England, said Monday (Dec. 9). Get...
The Federal Trade Commission (FTC) has begun sending over $72 million in refunds to consumers as part of a December 2022 settlement with Epic Games. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built decades ago. As in 1980, not 2010. Get the Full Story Complete the form to unlock this article and enjoy...
The Royal Bank of Canada (RBC) launched an online, multicurrency international trading offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
The Consumer Financial Protection Bureau (CFPB) banned Performant Recovery from servicing or collecting any student loan debts and ordered the company to pay a $700,000 penalty after finding that it used unlawful debt collection practices. Get the Full Story Complete the form to unlock this...
A veteran of OpenAI’s voice assistant project reportedly launched a similar effort of his own. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
In artificial intelligence, one breakthrough has quietly taken the spotlight: attention mechanisms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Revolut’s ongoing expansion efforts have the U.K. FinTech focused on New Zealand. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
