PYMNTS MonitorEdge May 2024

News & Trends

artificial intelligence
Former OpenAI Board Member Helen Toner Details Reasons for Sam...

The OpenAI board members who fired Sam Altman in November 2023...

51 mins ago
Banking
Five Things to Watch as Synapse Bankruptcy Impact Shakes Up...

At this writing, on Tuesday (May 28), the ripple effects of...

1 hour ago
Consumer Insights
Consumers Increasingly Expect Growth in Public Assistance Programs

Consumers are more likely to expect an expansion of public assistance...

3 hours ago
Personnel
Former OpenAI Safety Head Jan Leike Joins Anthropic

Jan Leike, who resigned from artificial intelligence (AI) company OpenAI earlier...

3 hours ago
artificial intelligence
Faircado Raises $3.3 Million for AI-Powered reCommerce Platform

Faircado has raised €3 million (about $3.3 million) to continue building...

4 hours ago
artificial intelligence
Caseware Launches AI-Powered Auditing Tool

Financial reporting solutions firm Caseware International is unveiling a digital assistant....

4 hours ago
Payroll
Deel Taps Alviere to Help Global Companies Pay US Workers

Deel has extended its strategic investment in Alviere, aiming to help...

5 hours ago
Investments
Transcend Raises $40 Million to Grow Data Privacy Platform

Transcend raised $40 million in a Series B funding round to...

5 hours ago
Retail
Small Retailers Relying on In-Store Sales Are More at Risk

Small retailers that make most of their sales via brick-and-mortar are...

6 hours ago
artificial intelligence
Criminals' Adoption of AI Remains Cautious, Report Finds

Despite public concerns about the potential for cyberattacks powered by artificial...

6 hours ago
Artificial Intelligence
Mistral AI Targets US Market With Open-Source Models

France’s Mistral AI, a European developer of generative artificial intelligence tools,...

6 hours ago
Retail
Shoppers’ Demand for Affordability Shapes Target’s Summer Strategy

As consumers’ shopping behavior continues to be highly motivated by prices,...

7 hours ago
Cryptocurrency
Ex-FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison...

The former CEO of FTX’s Bahamas subsidiary was sentenced Tuesday (May...

7 hours ago
eCommerce
Volatility and Uncertain Access to Capital Roil Direct to Consumer...

For direct to consumer companies, volatility may be the key certainty...

7 hours ago
Business
Co-Founder Adam Neumann Abandons Attempt to Buy Bankrupt WeWork

Shared-workspace company WeWork has faced significant challenges in recent years, including...

7 hours ago
Blockchain
Coinflow Raises $2.2 Million to Build Financial Blockchain Tech

Instant settlement payment provider Coinflow Labs has raised $2.25 million in...

7 hours ago
Personnel
Definitive Healthcare Names DailyPay’s Kevin Coop as CEO

Healthcare commercial intelligence provider Definitive Healthcare has a new chief executive....

8 hours ago
Consumer Insights
Spending Management Is Top of Mind for ‘Zillennial’ Shoppers

For zillennials — the bridge generation between millennials and Generation Z,...

8 hours ago
IPO
Healthcare Payments Software Provider Waystar Eyes $1B IPO

Healthcare payments software provider Waystar launched its initial public offering (IPO)....

8 hours ago
Identity
Treasury Prime and Footprint Team on ID Verification

Embedded banking software firm Treasury Prime has teamed with fraud, identity...

8 hours ago
artificial intelligence
AI Explained: Computer Vision

Picture this: a world where cars drive themselves, shopping is as...

8 hours ago
Investments
Swiipr Raises $7.6 Million to Digitize Payouts for Flight Disruptions

British travel PayTech firm Swiipr raised $7.6 million in new funding....

8 hours ago
Partnerships
Sunrate and Voxel Partner on Travel Industry B2B Payment Solutions

Sunrate and Voxel partnered to make it easier for Voxel and...

9 hours ago
Consumer Insights
Consumer Confidence Climbs Despite Grocery Costs Pressuring Americans

Consumer confidence crept up in May, as grocery and job worries...

9 hours ago
B2B Payments
Ramp Connects Financial Automation Platform to Ascenda’s Global Rewards Ecosystem

Ramp and Ascenda have partnered to provide Ramp’s customers with more...

10 hours ago
Blockchain
MoonPay Debuts Tools For Web3 Digital Commerce

Web3 infrastructure firm MoonPay has launched Web3 Tools, a platform for...

10 hours ago
Banking
Banking Takes a Page out of Retail’s ‘Clienteling’ Playbook

Banking, like any business, thrives on customer loyalty, on getting the...

10 hours ago
Credit Unions
Pidgin and Corelation Team on Real-Time CU Payments

Pidgin and Corelation have teamed to let more credit unions offer members real-time payments....

10 hours ago
Acquisitions
Banco Inter to Gain Full Ownership of Merchant Acquirer Granito

Brazilian bank Banco Inter, a business unit of Inter&Co, plans to acquire the...

10 hours ago
Personnel
DailyPay COO Stacy Greiner to Serve as Interim CEO

DailyPay CEO Kevin Coop will step down from that position to...

11 hours ago
ANTITRUST
Big Tech Asks India to Reconsider Antitrust Law

Lobbyists representing U.S. tech giants reportedly asked India to reexamine a...

11 hours ago
Retail
Mall of America Exec Says Consumers Balance Shopping and Experiences

As convenience-seeking shoppers make more of their purchases online, malls are...

12 hours ago
Bank Regulation
BaFin to Lift Growth Restrictions on N26

European digital bank N26 reports that Germany’s Federal Financial Supervisory Authority...

12 hours ago
Artificial Intelligence
OpenAI Forms Safety Committee as It Trains New Frontier Model

OpenAI formed a security committee following some high-profile concerns about its...

13 hours ago
Faster Payments
80% of Truckers Cite Convenience as Instant Payments Preference

Who doesn’t like getting paid instantly? According to PYMNTS Intelligence data,...

13 hours ago
eCommerce
Report: India’s Adani Exploring eCommerce and Payments Business

Indian conglomerate Adani is reportedly in discussions to enter the eCommerce...

13 hours ago
Data
PayPal Wants to Monetize the Connected Shopper With Ads

Following a trend that has been predicted since JPMorgan Chase announced...

14 hours ago
artificial intelligence
AI Firms Agree to ‘Kill Switch’ Policy, Raising Concerns and...

At last week’s AI summit in Seoul, artificial intelligence companies from...

15 hours ago