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Singapore-based treasury operating system Finmo has raised $18.5 million in new funding.
The company says its Series A round, announced Wednesday (Feb. 12), will allow it to speed product development, invest in artificial intelligence (AI) capabilities and expand its reach. The funding round was co-led by Quona Capital and PayPal Ventures — with participation from Citi Ventures — and brings Finmo...
Account takeovers are among the most insidious threats to banks and consumers.
Fraudsters use all manner of schemes to prey upon vulnerabilities and weak links that exist in the chain of interactions. Key to stealing money from accounts is the fact that criminals use advanced technology to pose as legitimate individuals, which furthers their ability to keep victims and banks from knowing they’ve...
New models. New ads. New pricing tiers. The subscription economy has been active, to say the least, with YouTube CEO Neal Mohan revealing TV screens have now surpassed mobile as the primary device for YouTube viewing in the U.S. This milestone shows YouTube is no longer just a video platform — as Mohan noted: “YouTube is the new television.”
Shifting Strategies in the Subscription Economy
The...
Cloud giant Amazon Web Services (AWS) is using automated reasoning — a method rooted in centuries-old principles of logic — to combat one of artificial intelligence (AI)’s newest and most persistent challenges: hallucinations, or the propensity of generative AI models to make things up.
The technique marks a major advancement in making AI outputs more reliable, which is especially valuable for...
Zillennials, consumers born between 1991 and 1999, are leading the charge in the digital shopping era. While they are digital natives well-versed in online shopping, they also regularly shop in physical stores.
According to PYMNTS Intelligence report “Zillennials Say Let the AI Do the Shopping,” more than 80% of this generation desires artificial intelligence features to enhance their in-store...
A store announcement blares over the PA system: Cleanup on Aisle 3! Off goes a floor associate, and the situation is quickly handled thanks to a seamless flow of relevant information.
When it comes to their own operational and marketplace data, however, many retailers find themselves stuck in a situation where historically entrenched data silos can’t talk to each other.
For all the buzz about...
Credit unions have long jockeyed to gain consumer loyalty and top-of-mind status against mega-banks, and more recently, digital-only banks.
The competition may seem a bit skewed in favor of the larger, marquee names in financial services. After all, they spend millions of dollars — sometimes billions of dollars — annually in pursuit of innovation, particularly on digital initiatives that will...
Work marketplace Upwork earned record revenue in 2024 and attributed its gains in part to artificial intelligence (AI).
In an earnings release and other materials issued Wednesday (Feb. 12), the company highlighted AI innovations it added to its marketplace platform and AI talent the platform connects with its clients.
“We’ve rapidly unlocked demand for AI-related work on our platform,” Upwork...
The European Commission (EC) will stop pursuing three draft rules that would have regulated technology patents, artificial intelligence (AI) liability and consumer privacy on messaging apps.
The three draft rules faced opposition from the industries they would have affected, and the EC said it did not expect them to be approved by European Union lawmakers, Reuters reported Wednesday (Feb. 12)....
The crypto and stock market surges leading into the presidential election and beyond helped buoy Robinhood’s fortunes in the fourth quarter.
Results released after the markets closed on Wednesday (Feb. 12) noted that accounts were up 10% to 26.2 million.
And transaction based top lines were $672 million in the period, surging 236% from the same period in 2023, and a 111% jump from the third...