News

Regulation
Report: Paytm Bank Closure Was Result of Conflicts of Interest
February 01, 2024

For Indian regulators, Paytm Payments Bank was apparently too close with its parent company. 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...

Artificial Intelligence
How AI Is Turning Conversations Into Transactions for Merchants
February 01, 2024

Artificial intelligence (AI), in the form of predictive algorithms, has been around for a while.  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,...

Artificial Intelligence
How GenAI Is Transforming Financial Services Through ‘Hyper-Personalization’
February 01, 2024

Michael Haney, head of product strategy at Galileo Financial Technologies, said machine learning combined with the rise of generative artificial intelligence will usher in a new era of back-office productivity and ultimately transform how financial services organizations use data to deliver hyper-personalized experiences. Get the...

Artificial Intelligence
GenAI Can Help Credit Unions Match Payments Innovation to Member Needs
February 01, 2024

Vlad Jovanovic, vice president of innovation at PSCU, told PYMNTS that credit unions will gain loyalty as they harness artificial intelligence to forge new use cases and personalized interactions with their retail and commercial clients. Get the Full Story Complete the form to unlock this...

Retail
IKEA US CEO Shares 2024 Strategy to Blend Retail, Payments and AI for Shopper Appeal
February 01, 2024

IKEA’s unique, maze-like retail format has consistently appealed to consumers worldwide.  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 completing...

eCommerce
56% of eCommerce Firms Lack the Right Tools to Fix Failed Payments
February 01, 2024

Imagine a consumer attempting to make a purchase, only to get rejected at checkout. This was not because of money problems or fraud, but due to a false decline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
AI’s Role in Helping Banks Fight Fraud and Financial Crimes
February 01, 2024

Easy money attracts bad actors.  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 completing this form, you agree to receive...

Banking
NYCB Profits from Signature Bank Acquisition Lost
January 31, 2024

New York Community Bancorp (NYCB) shares closed down 38% Wednesday (Jan. 31) following its announcement of a dividend cut and an unexpected loss. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

eCommerce
Temu Ad Spend Places It Among Largest Online Advertisers in US
January 31, 2024

Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. 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...