PYMNTS News

Food and Housing Costs Keep Consumers in Cutback Mode

Food and Housing Costs Keep Consumers in Cutback Mode
Food and Housing Costs Keep Consumers in Cutback Mode
August 12, 2026  |  Economy

Consumers are getting some inflation relief, at least in terms of the slowdown in price increases. They’re just not necessarily getting it on the bills...

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Your Bank’s AI Agent May Need a Permission Slip
Your Bank’s AI Agent May Need a Permission Slip
August 12, 2026  |  Artificial Intelligence

Financial regulators and banks have spent years catching artificial intelligence agent mistakes after the fact, tracing errors and assigning blame once the money has already...

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M&T Bank Appoints Fannie Mae Veteran Kalyana Bedhu as AI Engineering Head
M&T Bank Appoints Fannie Mae Veteran Kalyana Bedhu as AI Engineering Head
August 12, 2026  |  Personnel

Buffalo, New York-headquartered M&T Bank has appointed Fannie Mae veteran Kalyana Bedhu as the bank’s new head of artificial intelligence (AI) engineering, M&T Bank Chief Information Officer Linda Tai said in...

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AI Recordkeeping Raises Compliance Questions for Financial Services Firms
AI Recordkeeping Raises Compliance Questions for Financial Services Firms
August 12, 2026  |  Artificial Intelligence

Financial services firms are moving rapidly to deploy artificial intelligence (AI) in compliance, communications and other business functions, but their use of the technology is...

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Prediction Markets Face NYC Probe Over Marketing Practices
Prediction Markets Face NYC Probe Over Marketing Practices
August 12, 2026  |  Legal & Regulation

The New York City Council launched an investigation into four prediction markets, The Wall Street Journal (WSJ) reported Wednesday (Aug. 12). Get the Full Story...

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FinCEN Deletes Ownership Data but Banks Keep the Risk
FinCEN Deletes Ownership Data but Banks Keep the Risk
August 12, 2026  |  Legal & Regulation

The federal government spent years building toward a centralized answer to one of banking’s oldest compliance questions: Who actually owns the company moving the money?...

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Crypto.com Launches Tokenized US Equities and ETFs in Europe
Crypto.com Launches Tokenized US Equities and ETFs in Europe
August 12, 2026  |  Blockchain

Crypto.com now enables eligible users in the European Economic Area (EEA) and other approved jurisdictions to gain exposure to U.S. equities and exchange-traded funds through...

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Bitwise Slashes 14% of Staff Amid Crypto Prices Downturn
Bitwise Slashes 14% of Staff Amid Crypto Prices Downturn
August 12, 2026  |  Cryptocurrency

Bitwise has reportedly cut 14% of its staff amid an ongoing downturn in cryptocurrency prices. Get the Full Story Complete the form to unlock this article...

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