The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a request for information on Thursday (June 6) and said it encourages the submission of comments within 60 days, according to...
According to PYMNTS Intelligence data, 95% of U.S. credit unions (CUs) are now wooing prospective Gen Z members. However, as “How Credit Union Innovation Can Drive Gen Z Engagement, makes clear, Gen Z consumers are a fickle bunch. In the past year, 42% of Gen...
Brazilian eCommerce company Olist is expanding its banking services. Founder and CEO Tiago Dalvi told Bloomberg News on Wednesday (May 29) that the company expects to process almost 15% of its yearly transactions through its in-house banking service by the end of 2024. “After sales,...
Relay has raised $32.2 million in a Series B financing round to accelerate product development of its business banking platform. With the new funding, the company will focus on its development of spend management, smart credit products and a financial application programming interface (API) marketplace,...
June 13, 2024
Digital banks have long eschewed physical branches in favor of direct, digital customer engagement. Digital banking’s convenience has been a competitive advantage for challenger or neo banks, increasingly allowing their customers to do their banking tasks on a smart phone or at the kitchen table. This approach not only aligns with contemporary digital lifestyles but […]
May 30, 2024
According to PYMNTS Intelligence data, 95% of U.S. credit unions (CUs) are now wooing prospective Gen Z members. However, as “How Credit Union Innovation Can Drive Gen Z Engagement, makes...
May 03, 2024
Open banking is empowering consumers and the businesses they work with to adapt amid uncertainties, Trustly founder and CEO Alex Gonthier writes in the new PYMNTS eBook, “The Implications of...
April 30, 2024
The financial services industry tends to think at opposite ends of the spectrum when it comes to business customers. Solutions providers, banks and credit card companies tend to pay a lot of...
June 06, 2024
The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a request for information on Thursday (June 6) and said it encourages the submission of comments within 60 days, according to a Thursday press release. The request for information encompasses “uses, […]
May 29, 2024
Brazilian eCommerce company Olist is expanding its banking services. Founder and CEO Tiago Dalvi told Bloomberg News on Wednesday (May 29) that the company expects to process almost 15% of...
May 29, 2024
Relay has raised $32.2 million in a Series B financing round to accelerate product development of its business banking platform. With the new funding, the company will focus on its...
April 24, 2024
Today’s customers of the FinTech industry are no longer asking just for ways to accept online payments; they’re asking for “software-defined financial services.” So said Stripe co-founders Patrick Collison and John Collison Wednesday (April 24) during...
