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The recent spate of executives and companies using AI avatars to interact with investors and clients poses this question: What are the regulatory implications of using one’s digital doppelganger for business?
Last week, Klarna CEO Sebastian Siemiatkowski used his AI avatar to deliver the company’s first-quarter earnings highlights. He did disclose that it was his avatar speaking, and not himself...
Citi Handlowy, a Polish banking business that is majority-owned by a Citigroup subsidiary, plans to sell its consumer banking business to VeloBank S.A., a Poland-based universal bank.
The transaction, which is expected to close by mid-2026, subject to customary conditions, is the latest of the sales and wind downs of international consumer businesses announced by Citi as part of its strategic...
Apple reportedly plans to add a dedicated app for video games to its devices in the next versions of its operating systems, which are set to be released in the fall.
The company will preinstall the app on the iPhone, iPad, Mac and Apple TV, Bloomberg reported Tuesday (May 27), citing unnamed sources.
Apple did not immediately reply to PYMNTS’ request for comment.
The company’s new app will serve...
Citcon and Splitit have partnered to enable Citcon’s merchants to offer Splitit’s one-click credit card-linked installments both online and in-store.
The companies’ new partnership adds Splitit’s flexible payment offering to Citcon’s global payment platform that is used by retail, luxury and hospitality brands, according to a Tuesday (May 27) press release.
“Partnering with Splitit allows us to...
Block plans to launch bitcoin payments on its business technology platform Square, enabling merchants using the Square Point of Sale app to accept bitcoin payments directly through their Square hardware.
The company plans to begin rolling out this new, native Bitcoin For Businesses offering in the second half of the year and then extend it to all Square sellers in 2026, subject to regulatory...
DoorDash plans to offer and sell $2 billion of convertible senior notes to “enhance strategic flexibility.”
The local commerce platform intends to use some of the net proceeds from the offering to fund the cost of entering into convertible note hedge transactions, and the remainder for general corporate purposes, “which may include potential acquisitions and potential repurchases of shares of our...
In today’s age of hyperconnectivity, what happens to your enterprise partners will eventually happen to you.
The tech sector thrives on rapid innovation, agile partnerships and application programming interface (API)-driven interconnectivity; an ethos that has evolved across other industries. But this very dynamism has created an attack surface far broader than traditional organizations can be...
Exodus now enables customers to buy and sell cryptocurrency directly within the Exodus Mobile wallet, with no need for third-party exchanges.
This capability is enabled by the company’s new XO Pay service, which was developed by Exodus and is powered by Coinme’s crypto-as-a-service application programming interface (API) platform, Exodus said in a Tuesday (May 27) press release.
XO Pay is...
Nonbanks have risen in stature and as key players in the global financial system, especially in the wake of the Great Recession earlier in the millennium.
However, hedge funds, private credit entities and FinTechs, along with Big Tech firms, that have become lenders of size and scope may warrant a closer look from regulators, according to bankers.
The Federal Reserve Bank of New York said in a...
Mastercard has teamed with Bahrain-based ila Bank to help it introduce loyalty programs.
The partnership, announced Tuesday (May 27), is centered around things like dining, travel and luxury shopping, while also employing enhanced fraud solutions and privacy protection.
“ila has always been about the customer,” Mohamed Almaraj, the bank’s CEO, said in a news release. “We are proud to have...