A group of banking giants have reportedly pledged roughly $270 million in financing toward a joint stablecoin venture. The banks included Goldman Sachs, Citigroup, Santander and Deutsche Bank, Bloomberg News reported Tuesday (Nov. 10), citing sources familiar with the matter. The funding is aimed at covering five years of operations...
Shares of major online travel agencies tumbled Tuesday (Nov. 10) after artificial intelligence (AI) developer OpenAI acquired automated travel platform Odessia, Seeking Alpha reported. The transaction triggered investor concern regarding potential disruption to established booking platforms, sending Expedia Group down nearly 4%, Tripadvisor down more than 3% and Booking Holdings...
Consumers living paycheck to paycheck who were keeping up with their bills grew less confident as recently as last month that they could manage their debt over the next year. Higher regular expenses and expenses that exceeded income were the two most common reasons cardholders gave for paying their balances...
Artificial intelligence (AI) training platform Mercor says it is now a $20 billion company. The company reached that valuation with its $750 million Series D funding round, announced Tuesday (Nov. 10). Mercor, originally an AI-powered hiring platform, says it plans to use the financing to help train and test AI...
KeyBank has introduced a series of enhancements to its digital and mobile banking offerings. The new additions, announced Tuesday (Nov. 10), are designed to provide clients with personalized financial guidance, while also boosting security and making it easier to save. “The updates reflect how Americans are increasingly engaging with their...
FinTech Bilt is expanding beyond the home and out into the neighborhood. The company, which made its name by offering rewards to consumers for rent payments, on Tuesday (Nov. 10) announced the launch of its Bilt Neighborhood operating system. The artificial intelligence-powered platform is designed to open Bilt’s technology and...
FinTechs are using cross-border acquisitions to add a service to payment relationships merchants already have. For a lender, that means buying a provider whose payment option is already on a retailer’s checkout page. For a processor, it means buying the accounts and payout services businesses use after they collect a...
New data reveals that the promise of ’seamless’ financial tools is often stymied by high costs and technical headaches, leading businesses that sell, use or seek to deploy embedded finance to prioritize long-term trust in a provider over cheap prices or quick launches.New data reveals that the promise of ’seamless’ financial tools is often stymied by high costs and technical headaches, leading businesses that sell, use or seek to deploy embedded finance to prioritize long-term trust in a provider over cheap prices or quick launches.
Since the emergence of OpenAI’s ChatGPT platform in late 2022, a considerable amount of public attention and private capital has been directed toward GenAI and its potential. In “Regulating Generative AI: The Six Storylines of 2023,” PYMNTS reveals AI’s six storylines of 2023 in this new report featuring insights from experts in the field.Since the emergence of OpenAI’s ChatGPT platform in late 2022, a considerable amount of public attention and private capital has been directed toward GenAI and its potential. In “Regulating Generative AI: The Six Storylines of 2023,” PYMNTS reveals AI’s six storylines of 2023 in this new report featuring insights from experts in the field.
