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JPMorgan Chase wants to focus $1.5 trillion on “industries critical to national economic security.”
To that end, the banking giant announced in a Monday (Oct. 13) press release the Security and Resiliency Initiative, a 10-year plan to “facilitate, finance and invest” in said industries.
As part of the plan, JPMorgan will make direct equity and venture capital investments of up to $10...
England’s central bank chief reportedly wants increased oversight into stablecoin and private finance risks.
Bank of England Governor Andrew Bailey, in a letter to the Group of 20 nations as chair of the Financial Stability Board, has pledged an upgrade to make the board’s surveillance “more flexible and quicker to recognise, and respond to, emerging vulnerabilities.”
“Whether it is...
It’s hard to get in and out of a conversation with a friend or even take a cursory look at a mainstream news source these days without a reference to some version of AI. Agentic AI has yet to crack the consumer attention case so far, but last week may have changed that.
The Prompt Economy had a big week for consumer exposure, new applications at work and use cases. The consumer...
Watch more: Digital Shift: Fleetio, Stefano Daneri
Today’s fleet-based businesses are navigating both changing seas and seas of change.
And they are being forced to operate smarter to manage.
“The adage that you have to spend money to make money is especially true for fleet-based businesses,” Stefano Daneri, fleet ecosystem strategist at Fleetio, told PYMNTS. “When vehicles and...
For millions of working families, financial stability is a fragile balancing act. The paycheck arrives, the bills are paid, and the cycle begins again, until an unexpected expense tips the scales. For these households, credit isn’t a luxury. It’s a lifeline.
Southern Chautauqua Federal Credit Union (SCFCU), based in Western New York, has been building a mission around these members....
The CE 100 Index was hit hard by the Friday market meltdown that snared stocks in the wake of the threat of new tariffs against China.
As widely reported, President Donald Trump has threatened to hike tariffs on Chinese imports. The news sent markets lower by 2%. The CE 100 Index sank even more, by 3%, as all pillars lost ground.
The Live segment slipped the most, giving up 4.5%...
With the all-important holiday selling season coming up, it might be time for consumers to review their recurring debts. One of them is insurance payments, whether it’s car, home or health. A check of the most recent PYMNTS app provider rankings shows some familiar names making big jumps in the top ten: Nationwide, Safeco and Aetna.
The PYMNTS.com Insurance Apps page offers a monthly...
For small- to medium-sized businesses (SMBs), embedded finance is no longer a fringe feature. It’s the price of admission.
In addition to adoption, rising expectations are reshaping the competitive landscape. As SMBs fold payments, lending and other financial tools into their daily operations, they are demanding more from their software providers, like faster innovation, proactive...
Watch more: Digital Shift: Coinbase, Mark Troianovski
For much of the last decade, crypto existed in a parallel universe. Its champions spoke the language of disruption and decentralization, promising to rebuild the global financial system from the ground up. But while enthusiasts coded and evangelized, the rest of the world remained skeptical watching headlines of volatility, hacks,...
The third-largest stablecoin reportedly lost its dollar peg briefly amid a wider market downturn.
USDe, a “synthetic dollar” from cryptocurrency project Ethena, fell to 65 cents against the U.S. dollar on Binance’s exchange, Bloomberg News reported Saturday (Oct. 11). The coin is designed to maintain a price near to that of the dollar, and regained that status following an initial sell...