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Berlin-based payment software FinTech Payrails has raised $32 million in new funding.
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The company’s Series A round, announced Thursday (June 12), will help the company speed product innovation and expand across Europe, the Middle East and Africa to meet growing demand from larger enterprises.
“Enterprise payment operations are becoming increasingly complex and...
The traditional credit supply chain is showing signs of strain, leaving millions of consumers seeking alternatives to conventional banking products and opening new avenues for technologically driven lenders.
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Mainstream banks and credit unions are re-examining their underwriting standards across consumer and commercial lending.
As Clive Kinross, CEO of FinTech Propel...
Early stumbles in self-checkout are giving way to a new era of self-service commerce powered by artificial intelligence and the Internet of Things, reshaping retail and unlocking new opportunities for businesses.
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The PYMNTS Intelligence report “Commerce Transformed: How AI and IoT Are Rebooting Self-Service Retail,” a collaboration with Cantaloupe, found that consumer...
Singapore is at the forefront of the mobile shopping revolution, as 65% of shoppers in the country used a mobile device for their latest retail purchase, whether online or in-store.
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That’s a 42% increase since 2022 and third only to the United Arab Emirates and Saudi Arabia. What’s more, Singaporeans conduct 1.7 distinct mobile shopping activities per day on average,...
The B2B payments landscape has long been characterized by competing interests, with buyers seeking to extend payment terms while suppliers push for prompt remittance.
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In joint research from WEX and PYMNTS Intelligence as part of the continuing Business Tracker series, virtual cards present a compelling solution that offers significant advantages for both accounts...
As global commerce becomes more digitized and less reliant on conventional infrastructure and workflows, digital wallets, a once-niche technology, are beginning to reshape international money movement.
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However, according to the PYMNTS Intelligence report “Global Money Movement: U.S. Edition,” a collaboration with TerraPay, while 63% of consumers in the United States who...
The pricing of an initial public offering (IPO), a ritual that comes the night before the first day of trading, gauges the enthusiasm of the market for the new kid on the Street.
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Wednesday night (June 11), we got a glimpse into the interest in FinTechs coming to market, and in this case, the appeal of digital-only banking.
Chime will debut on the Nasdaq exchange with...
GrailPay has raised $6.7 million to expand its risk and data platform for bank payments that is used to make ACH payments safer, smarter and faster.
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The company will use the new funding to grow its product and engineering teams, expand its go-to-market efforts and add new capabilities to the platform, according to a Wednesday (June 11) press release.
It aims to bring to...
Pinterest has introduced two artificial intelligence (AI)-powered tools for advertisers that it says will provide enhanced ad solutions and shopping trend forecasts.
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One tool now being piloted among select advertisers is auto-collages, which uses AI to turn advertisers’ existing Pinterest product catalog into shoppable collages, the company said in a Wednesday (June 11...
Meta has reportedly poached some top engineers from tech firms for its artificial general intelligence (AGI) team.
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One engineer who confirmed he is moving to Meta is Jack Rae, a principal researcher at Google DeepMind, Bloomberg reported Wednesday (June 11).
Alexandr Wang, co-founder and CEO of Scale AI, and other employees from that company are expected to join the...