Feed Items
JPMorganChase has begun accepting applications for a FinTech accelerator program for U.K. startups.
[contact-form-7]
As American Banker reported Monday (June 9), the Fintech Forward Accelerator is a 12-week, in-person and virtual program for FinTech founders who want to employ technology to develop scalable financial services solutions.
The program, developed by the banking giant and...
Each week, PYMNTS Intelligence details the competition between Walmart and Amazon, two behemoths of commerce, jockeying for share of wallet and hundreds of millions of consumers.
[contact-form-7]
In recent reports, we’ve chronicled the growth in subscriptions used by consumers across both these firms, with more than 30% of consumers having a Walmart+ account.
As detailed in Walmart’s...
The new head of the Social Security Administration (SSA), former Fiserv CEO Frank Bisignano, is working to make the agency a “digital-first organization.”
[contact-form-7]
With his private-sector experience and with help from Department of Government Efficiency (DOGE) staffers, Bisignano aims to make a technological overhaul of the SSA while staying within its budget request and making...
WEX and Sabre Direct Pay have partnered to provide virtual card solutions to travel agencies and other travel intermediaries.
[contact-form-7]
In this strategic global partnership, the customers of Sabre Direct Pay, which is Sabre’s dedicated travel payments hub, will gain access to WEX’s virtual card technology, the companies said in a Monday (June 9) press release.
This combination...
Apple, which has been facing pressure to stake out its own pole position in the Big Tech artificial intelligence arms race, may not see that pressure abate anytime soon.
[contact-form-7]
On Monday (June 9), the company’s much anticipated 2025 Worldwide Developers Conference (WWDC) saw the reveal of new features for Apple Intelligence, the Cupertino giant’s privacy-centric, on-device AI...
Luxury conglomerate LVMH is deploying artificial intelligence (AI) tools throughout its operations, targeting both operational efficiency and customer retention.
[contact-form-7]
The company is using predictive AI, generative AI and AI agents across supply chain, pricing, product design and marketing, The Wall Street Journal (WSJ) reported Monday (June 9).
“Tech is, for me, mandatory to...
Four financial industry trade associations said Monday (June 9) that federal agencies should limit their data collection to “only what is necessary” after a series of cybersecurity incidents targeted those agencies.
[contact-form-7]
The groups said this in a Monday letter addressed Treasury Secretary Scott Bessent and sent in response to recent cyber incidents at the department and the...
OpenAI reportedly reached $10 billion in annual recurring revenue (ARR), up 82% from $5.5 billion in 2024.
[contact-form-7]
The $10 billion encompasses the artificial intelligence company’s consumer products and business products but excludes its licensing revenue from Microsoft and large on-time deals, CNBC reported Monday (June 9), citing an OpenAI spokesperson.
While OpenAI sales are...
Consumers’ expectations about the direction of inflation broadly improved in May.
[contact-form-7]
Among all demographics and across the three time periods about which they were surveyed, consumers said they expected the rate of inflation to slow, the Federal Reserve Bank of New York said in a Monday (June 9) press release about the May edition of its Survey of Consumer Expectations.
“...
Blockchain protocol OpenLedger reportedly plans to commit $25 million to AI and Web3 developers.
[contact-form-7]
As CoinDesk reported Monday (Jun 9), the capital will be available via OpenCircle, a launchpad created by OpenLedger to help developers create artificial intelligence (AI)-focused protocols.
The report notes that the funding is happening amid increased interaction between...