Feed Items
Conversational AI startup Cognigy is being acquired by Nice, a provider of software in customer experience and compliance, for $955 million.
[contact-form-7]
Cognigy’s generative and agentic artificial intelligence (AI) systems are used in company contact centers to automate tasks and assist human agents. Its clients include Mercedes-Benz, Frontier Airlines, Bayer, Bosch, Nestle and...
Klarna continues to expand beyond its pay-later roots with new financial services permissions.
[contact-form-7]
The Swedish FinTech announced Wednesday (July 30) that its British subsidiary Klarna Financial Services UK (KFSUK) has been authorized by the U.K.’s Financial Conduct Authority (FCA) as an electronic money institution (EMI).
This authorization, the company said in a news...
Boost Payment Solutions and FIS have partnered to facilitate accounts receivable (AR) and accounts payable (AP) automation for enterprise customers.
[contact-form-7]
This collaboration will enable FIS customers to streamline B2B virtual card acceptance by eliminating the manual workflows associated with email-based processing, the companies said in a press release emailed to PYMNTS.
The...
At 2 a.m. on a rain‑slicked interstate, a long‑haul 18-wheeler pulls into a dimly lit fuel island. The driver swipes a decades‑old mag‑stripe “fleet card,” keys in the tractor’s mileage, enters a three‑digit driver ID, then waits while a dot‑matrix printer spits out a curling receipt he’ll drop on accounting’s desk, if it survives the ride.
[contact-form-7]
That ritual isn’t just a...
About sixty years ago, credit cards changed shopping by solving a simple problem: they let people buy now and pay later anywhere the cards were accepted.
[contact-form-7]
In the decades that followed, issuers layered on convenience, security and the lure of points, cash back and perks to drive the flywheel of use, adoption and merchant acceptance. Today, credit cards are the most widely...
British FinTech Revolut is reportedly considering the purchase of an American bank.
[contact-form-7]
That’s according to a report Wednesday (July 30) by the Financial Times (FT), which notes that such a move would allow Revolut to quickly clinch a banking license in the U.S.
Sources familiar with the matter told the FT Revolut was thinking about acquiring a nationally chartered bank,...
Watch more: The Embedded Lending Shift: From Trend to Infrastructure
[contact-form-7]
Embedded lending can be a key driver for merchants seeking to enhance sales momentum across channels, but they need sophisticated infrastructure that enables sender coordination and optimized approvals for every credit profile.
Meidad Sharon, founder and CEO of ChargeAfter, told PYMNTS as part of the “...
Watch more: Investments in Innovation, Not Macro Panic, Shape Credit Union Roadmaps
[contact-form-7]
It may be tempting for many financial institutions to retreat into a defensive crouch in the face of an unstable economic and regulatory climate.
But for small lenders and credit unions, today’s changing seas could also provide opportunities.
Velera Chief Administrative Officer Brian...
Fifth Third Bank is set to offer its commercial bank clients private credit arrangements.
[contact-form-7]
The new program, announced Tuesday (July 29), is happening in collaboration with asset manager Eldridge and designed to provide “reliable” private credit solutions to clients.
“This marks a significant moment in providing a private credit solution for our clients,” said Kevin...
The U.S. labor market maintained stability in June, though signals of cooling are emerging amid shifting sectoral dynamics.
[contact-form-7]
The latest Jobs Openings and Labor Turnover Survey (JOLTS) reported job openings at 7.4 million for June, a decrease of about 275,000 from May and steady year-over-year. The job openings rate slipped to 4.4%, down from 4.6% the previous month....