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Watch more: Embedded AP Solutions Transform Back Office From Swivel Chair to Command Seat
Walk into the back office of a company with an alleged cutting-edge accounts payable (AP) function, and you might expect to see a frictionless, fully digital operation.
Instead, what you’ll often find looks more like a throwback to the 1990s, with finance teams performing swivel chair maneuvers:...
The Financial Industry Regulatory Authority (FINRA) is reportedly investigating misconduct allegations against two former executives of collapsed banking-as-a-service (BaaS) provider Synapse Financial Technologies.
FINRA is looking into Synapse’s brokerage arm’s former chief compliance officer, Mark Paverman, and the unit’s former president and CEO, Jeffrey Stanley, Bloomberg reported...
As consumers lean on the simplicity and control of debit payments, FinTechs are weaving these cards into their platforms, not just as payment tools, but as vital threads that stitch together expanding ecosystems.
Recent PYMNTS Intelligence research shows the widening embrace of debit: We found, for example, that consumers were 67% more likely to use debit than credit when buying...
Artificial intelligence (AI) startup Mistral AI is reportedly nearing the close of a funding round in which it would raise €2 billion (about $2.3 billion) and be valued at €12 billion (about $14 billion).
This would be Mistral AI’s first fundraise since a June 2024 round in which it was valued at €5.8 billion, Bloomberg reported Wednesday (Sept. 3), citing unnamed sources.
Mistral AI...
Apple is reportedly developing an artificial intelligence (AI)-powered web search tool that could be added to its Siri voice assistant, its Safari web browser and its Spotlight search features on the iPhone.
The search tool, dubbed World Knowledge Answers, would look up information from the internet and summarize the results, similar to OpenAI’s ChatGPT, Google’s AI Overviews and apps...
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said in a joint statement issued Tuesday (Sept. 2) that SEC- and CFTC-registered exchanges are not prohibited from facilitating the trading of certain spot crypto asset products.
The regulators are working together to provide market participants with trading venue choice and optionality,...
The Federal Reserve’s latest Beige Book survey—a qualitative assessment of the economy, small business and consumer sentiment—indicated that caution is the rule of the day.
The input, released Wednesday (Sept. 3), spans the 12 Federal Reserve Districts.
Bank and branch directors, businesses, community organizations, economists, market experts and other sources indicated a somewhat...
Instagram has launched a version of its app that is optimized for Apple’s iPad and that device’s bigger screen.
The new Instagram for iPad opens with Reels, the app’s short video format, because people use bigger screens like the iPad’s for “lean back entertainment,” the company said in a Wednesday (Sept. 3) blog post.
The app also makes it easy for users to access Stories and...
Synctera and LoanPro have partnered to provide a platform that helps companies launch banking and credit card products and tailor the experience to their customers’ needs.
The collaboration brings together Synctera’s banking and payments platform and LoanPro’s lending and credit platform, Synctera Chief Product and Technology Officer Ellen Linardi wrote in a Wednesday (Sept. 3) blog...
Elon Musk’s artificial intelligence startup xAI has reportedly seen a string of executive departures, with the latest being its chief financial officer.
Mike Liberatore joined xAI as CFO in April and left at the end of July, The Wall Street Journal reported Wednesday (Sept. 3), citing unnamed sources.
xAI did not immediately reply to PYMNTS’ request for comment.
Liberatore, a former...