December, 2024

December, 2024

AI Startup iGenius Building Supercomputer for Financial Services
Artificial intelligence (AI) startup iGenius said it is building one of the world’s largest Nvidia DGX AI supercomputers with Nvidia Grace Blackwell superchips and will use it to deploy AI models...

Socure’s Friendly Fraud Fighting Consortium Hits Data Collection ‘Milestone’
Socure says it has reached a milestone in its collaborative effort to combat “friendly fraud.” The identity verification firm last year formed the First-Party Fraud Consortium, a group of compan...

Intuit Debuts Tax Platform Tools for Consumers and Small Businesses
Intuit has rolled out new tax platform offerings for personal and small business filers. The company behind services like TurboTax, Credit Karma and QuickBooks announced the new tools Thursday ...

Jobless Claims Rise Amid Typical Seasonal Volatility
Jobless claims reportedly rose last week, though media reports suggested that the rise was due to the volatility in data that is typically seen around holidays. The number of initial claims for unemp...

Sovos Sees 92% Jump in Tax Processing on Black Friday
Sovos says it saw “record-breaking” tax processing performance on Black Friday/Cyber Monday sales. The compliance company announced Thursday (Dec. 5) that it had processed taxes on close to 300 ...

No More Clicking: New AI Lets Consumers Shop Online With Voice Commands
A new research paper reveals artificial intelligence (AI) systems using large language models can now effectively control computer interfaces through natural interaction. These agents can autonomously...

Will Higher Instant Payment Limits Take B2B Share from ACH?
For all transactions — but especially for high-value commercial payments — speed is always a consideration, alongside the costs of those transactions, as well as security concerns. With new, highe...

Citi to Become Exclusive Issuer of American Airlines Co-Branded Cards
Citi will become the exclusive issuer of the American Airlines co-branded card portfolio, AAdvantage, in 2026, having reached an agreement to acquire the Barclays American Airlines Co-branded Card por...

What Year-End CFO Moves Say About Finance Role’s Evolution
The year end is often a time for chief financial officer (CFO) appointments, resignations or transitions. And as the 2024 fiscal year draws to a close, a flurry of C-suite announcements from companies...

Zilch Shares Black Friday Shopping Data
Payments Fintech Zilch has distributed information on Black Friday shopping activity. Zilch, based in the UK, is “direct-to-consumer, ad-subsidised payments network (ASPN).” Black Friday is one of...

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December