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Across Mexico, more consumers are turning to digital shopping features that offer savings and improve convenience while shopping in the store. Consumers enjoy walking into brick-and-mortar locations, but they also want the ease of using digital shopping features. Enter Click-and-Mortar shopping. PYMNTS Intelligence finds that when merchants in Mexico offer Click-and-Mortar features, customers...
Change is inevitable, and businesses that initiate change have the best opportunity to manage it.
That’s why embracing payments modernization is so important for organizations, particularly with the future of payments looking increasingly digital, immediate and secure — no matter where you’re sitting.
“One of the most exciting things about the payments industry is the pace of innovation,” Sovos ...
The Consumer Financial Protection Bureau (CFPB) has been validated in the aftermath of last week’s U.S. Supreme Court rejection of a challenge to its congressional funding structure. But the ongoing debate over financial regulation and consumer protection will go on and the financial services industry and policymakers will continue to grapple with the implications of this decision and its impact...
The CE 100 Index gathered 1.6% in a week that saw nine of the 10 pillars gain ground.
The lone pillar to decline was the Move segment, which gave up 0.9%.
As has been seen with past weeks, earnings reports were dominant in the headlines.
In the Pay and Be Paid segment of the CE 100 Index , which was 0...
The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning.
“There was a recognition that we’d fallen behind the curve on the machine learning side, which, to some degree, was reflected in the business performance,” Evan Spiegel said in an interview with Bloomberg News published Sunday (May 19).
“We needed to...
Business schools are adding AI-related curricula as interest in the technology continues to grow.
That’s according to a Sunday report by the Financial Times (FT), citing a 40-country survey by education consultant CarringtonCrisp, showing that almost half of respondents anticipate learning about artificial intelligence (AI) in the next five years.
With the launch of tools like OpenAI’s ChatGPT...
The tougher capital requirements the government had planned for banks may not be as tough.
That’s according to a Sunday (May 19) report by The Wall Street Journal (WSJ), which argues that efforts by banking CEOs like JPMorgan Chase’s Jamie Dimon to push back against the Federal Reserve’s proposal that banks hold more capital appear to have paid off.
Sources tell WSJ that regulators are now...
The U.K. is reportedly working toward greater transparency into how tech firms train artificial intelligence (AI) models.
These efforts, the Financial Times (FT) reported Sunday (May 19), come as creators are voicing concerns that their work is being copied and used without their consent by AI projects.
British culture secretary Lucy Frazer told the FT that the government is working on rules...
New federal regulations give some financial institutions (FIs) a tighter deadline for reporting security breaches.
The Securities and Exchange Commission (SEC) adopted changes last week that require institutions to notify people whose data was compromised “as soon as practicable, but not later than 30 days” after learning of a breach.
The new amendments to SEC’s Regulation S-P apply to broker-...
OpenAI is trying to ease concerns following the departure of two safety executives.
Last week saw the resignation of Ilya Sutskever, co-founder and chief scientist of OpenAI, and Jan Leike, both of whom headed the company’s “superalignment team,” which was focused on the safety of future advanced artificial intelligence (AI) systems. With their departure, the company has effectively dissolved...