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Temasek, which is Singapore’s state-owned investment group and one of the world’s biggest investors, reportedly slashed its investments in early-stage companies by 88% over a three-year period.
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The group’s investments in these companies dropped from $4.4 billion in 2021 to $509 million in 2024 as it shifted its focus to more conservative investments, the Financial Times...
Millions of bank credentials have been exposed by the recent Coinbase hack, and they’re available on the dark web. Elsewhere, millions of neobank accounts lay dormant, and can act as havens for fraudsters.
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For financial institutions and merchants, the challenge lies in validating bank accounts, and the holders of those accounts, to make sure that funds don’t disappear...
PYMNTS Intelligence’s research indicates that pay by bank is poised for a wider embrace in the United States.
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In research conducted jointly with Trustly, consumer surveys show that interest in using pay-by-bank options increases markedly with younger generations and when incentives such as discounts are added to the mix. In fact, interest leaps by 72% when pay-by-bank...
For too long, disbursements have been treated as transactional endpoints — money out, job done. But a growing number of banks are starting to see them differently: not as the end of a process, but the start of a relationship.
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At the center of this shift is a powerful new strategy — virtual accounts. More than just a modern payment tool, virtual accounts give banks the...
The global real-time payments landscape is advancing. Banks, platforms and retailers are launching new capabilities that make instant settlement a reality for businesses and consumers.
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An innovation from Truist Financial Corporation pioneers the use of alias-based bill payment using The Clearing House’s RTP® network. By leveraging the Request for Payment (RfP) feature,...
As digital expectations rise, banks are under pressure to provide seamless, instant and flexible payment experiences. Customers—whether individuals or businesses—expect to send money anywhere, anytime, with minimal friction and at maximum speed. However, behind the scenes, banks frequently struggle with a complex web of payment rails, including real-time networks, automated clearing house (ACH),...
Despite the clear potential of integrating credit directly into commerce platforms, many lenders appear to be sitting on the sidelines, potentially missing significant growth opportunities in the burgeoning embedded lending market.
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Embedded lending describes credit tools integrated directly into a merchant or provider’s platform, allowing borrowers to apply for credit,...
The Federal Reserve’s System Open Market Account (SOMA) saw its net income decline for the second year in a row in 2024 and could see another drop in 2025, the New York Federal Reserve said in a report released Tuesday (June 3).
The losses slowed in 2024, with SOMA net income being negative $74.7 billion that year after totaling negative $117.2 billion in 2023, the New York Fed said in its annual...
An artificial intelligence (AI) pioneer who has been vocal about the risks of AI has launched a nonprofit focused on developing safe AI systems.
Yoshua Bengio — who won the Turing award along with Nobel laureate Geoffrey Hinton and Meta Chief AI Scientist Yann LeCun — on Tuesday (June 3) unveiled LawZero, which is an AI safety research organization.
It has $30 million in funding and employs more...
Intuit Inc., the financial technology company behind products like TurboTax, QuickBooks and Mailchimp, has announced enhancements to its proprietary Generative Artificial Intelligence (AI) Operating System (GenOS).
The updates are intended to accelerate the development and deployment of “done-for-you” agentic AI experiences for the company’s approximately 100 million consumer and small and mid-...