News

OCC Head: AI Offers Banks Benefits and Risks as It Is ‘Built to Learn’
Artificial Intelligence
OCC Head: AI Offers Banks Benefits and Risks as It Is ‘Built to Learn’
June 16, 2023

For Michael J. Hsu, the acting U.S. Comptroller of the Currency, the potential benefits of using widespread artificial intelligence (AI) in banking “are significant.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

How Banks and Merchants Make Payments Easy While Keeping Them Safe
Security & Fraud
How Banks and Merchants Make Payments Easy While Keeping Them Safe
June 16, 2023

Today’s new digital operating environment is ripe with opportunities for payment innovations. 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...

FDIC Readies Sale of SVB’s $460 Million German Business
Banking
FDIC Readies Sale of SVB’s $460 Million German Business
June 16, 2023

Beginning next week, bidders will get the chance to purchase Silicon Valley Bank’s German business. 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....

dLocal Investing $100 Million to Expand in Argentina
International
dLocal Investing $100 Million to Expand in Argentina
June 16, 2023

Payment platform dLocal says it is investing heavily in Argentina. 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...

Senators Demand Answers From Venmo and Cash App on Fraud
Security & Fraud
Senators Demand Answers From Venmo and Cash App on Fraud
June 16, 2023

A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. 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,...

Luxury Retailers Try On AI to Reduce Returns
Retail
Luxury Retailers Try On AI to Reduce Returns
June 16, 2023

Following bullish remarks on artificial intelligence (AI) by Farfetch CEO José Neves during the luxury retailer’s first-quarter 2023 earnings report, Maison Valentino is set to introduce a virtual try-on (VTO) experience for its ready-to-wear collection. Get the Full Story Complete the form to unlock this...

10 Insiders on Generative AI’s Impact Across the Enterprise
Artificial Intelligence
10 Insiders on Generative AI’s Impact Across the Enterprise
June 16, 2023

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 marketing communications from PYMNTS and...

Curbside Grocery Wins as Shoppers Increase Digital Adoption
eCommerce
Curbside Grocery Wins as Shoppers Increase Digital Adoption
June 16, 2023

As consumers step up their engagement with online grocery channels, they have a lot of different options to choose from, ranging from third-party marketplaces to brick-and-mortar grocers’ direct digital channels to digitally native eGrocers. Get the Full Story Complete the form to unlock this article...

Regulators Try to Clear ‘Fog’ Around Cloud-Based Financial Data
Regulation
Regulators Try to Clear ‘Fog’ Around Cloud-Based Financial Data
June 16, 2023

Regulators have grown uneasy about the risk that the cloud poses to the financial system. 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,...