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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth
6+ hour, 21+ min ago (146+ words) PYMNTS.com 48% of FinTechs Plan to Pursue Credit Union Deals FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth PYMNTS Intelligence surveyed 100 FinTech executives and found a sharp shift toward credit union partnerships. A market with nearly 146 million…...
Sam Altman Floats Industrywide Pause as Frontier AI Safety Concerns Grow
2+ day, 3+ hour ago (403+ words) OpenAI CEO Sam Altman told employees in a company-wide meeting that the firm is considering slowing down its development of cutting-edge artificial intelligence, Bloomberg reported Friday (Sept. 11), citing unnamed sources. Altman said that he hopes other AI labs will join…...
Visa Direct Targets Cross-Border Trade???s SMB Payment Gap
2+ day, 9+ hour ago (1021+ words) SMBs can now reach customers, suppliers and workers globally without having the treasury staff that larger companies use to manage cross-border payments. Legacy cross-border rails can leave smaller businesses waiting days for payments while dealing with limited traceability, intermediary fees…...
FinTechs See 146 Million Reasons to Target Credit Unions
2+ day, 9+ hour ago (265+ words) FinTechs once saw credit unions as a hard market to crack. Now the door is crowded, and many providers want a way inside. “FinTechs Want In: How Credit Unions Can Turn Partnerships Into Growth” is a PYMNTS Intelligence and Velera…...
Apple Enables One-Tap Gift Card Redemption in Upcoming iOS Update
1+ day, 10+ hour ago (228+ words) Apple’s upcoming mobile operating system, iOS 27, will enable users to redeem Apple gift cards by tapping them on a compatible iPhone, MacRumors reported Wednesday (Sept. 9). The iPhone will scan a security chip in Apple’s gift cards to verify that the…...
AI Startup Cohere Targets $20 Billion Valuation in Funding Round
1+ day, 11+ hour ago (342+ words) Artificial intelligence startup Cohere is in advanced talks to raise between $2 billion and $3 billion at a valuation of $20 billion, The Globe and Mail reported Friday (Sept. 11). The deal could close as soon as next week, although it has not been…...
FinTechs Follow Corporate Clients Into Bigger Financial Relationships
1+ day, 13+ hour ago (709+ words) Revolut, Ramp and Adyen are extending their reach with large companies through banking, financial operations and global payments, respectively. PYMNTS Intelligence found that companies approaching enterprise scale can free up more cash when financing, supplier payments and treasury operations work…...
Nvidia Becomes the World???s Most Active $100 Million-Plus VC Investor
1+ day, 13+ hour ago (478+ words) AI is collapsing the walls between venture capital and infrastructure finance. Nvidia’s rise to the top of the $100M-plus funding round leaderboard shows that startups are increasingly being financed alongside the compute, power and data centers they need to scale....
FinTechs Are Shopping for Very Different Charters
2+ day, 9+ hour ago (910+ words) Revolut and Upstart are pursuing national banks that can take insured deposits and originate loans, while Circle and Block are using national trust charters for custody and other specialized activities. The OCC received 40 de novo charter applications in 18 months, including…...
Jensen Huang Predicts New AI Models Will Drive Massive Cybersecurity Demand
2+ day, 9+ hour ago (318+ words) Cybersecurity will be the artificial intelligence industry’s next big market, in part because of the capabilities of new AI models set to be released by AI labs, Nvidia Founder and CEO Jensen Huang said Thursday (Sept. 10). Because those who can…...