News

Investments
Forward Raises $16 Million to Grow Payment Facilitation Platform
May 31, 2024

Forward plans to help more software-as-a-service (SaaS) companies add payments as a product after raising $16 million in seed financing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
FintechOS Raises $60 Million to Expand Financial Product Management Platform
May 31, 2024

FintechOS has raised $60 million in a Series B+ investment round to accelerate the global expansion of its financial product management platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
This Week in AI: Earnings, Regulation Tightropes, Content Deals and Cyberattacks
May 31, 2024

This week in artificial intelligence news, tech giants C3.ai, HP and nCino reported strong first-quarter earnings, all fueled by the increasing demand for AI products and services. Meanwhile, states are looking at regulations and the Department of Justice eyes AI content deals. Get the Full...

Faster Payments
Instant Payments Drive Profits for the Small Restaurants That Use Them
May 31, 2024

Forty percent of the independent mom-and-pop restaurants in the U.S. that generate $10 million or less annually now use instant payment rails as their primary method to send funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Digital Banking
Revolut to Expand in Asia-Pacific, Build on Success in Australia
May 31, 2024

London-based FinTech company Revolut has reportedly set its sights on the Asia-Pacific (APAC) region for its global expansion strategy. 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...

CFPB
CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
May 31, 2024

The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers do not owe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
Apple to Jumpstart Siri With Advanced AI, Enabling Voice Control of Apps
May 31, 2024

Apple is gearing up to give its digital assistant, Siri, an artificial intelligence-powered upgrade, potentially posing a challenge to Amazon’s dominant Alexa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Fintech Extends Automated Invoice Processing Capabilities to All B2B Transactions
May 31, 2024

Financial Information Technologies (Fintech) has expanded its platform’s automated invoice processing capabilities to include all B2B transactions. 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...

Social Commerce
TikTok Shop Puts European Plans on Hold, Concentrates on US
May 31, 2024

TikTok has reportedly decided to put its plans for expanding its eCommerce business in major European markets on hold. 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...