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Australian bank CommBank is adding two new defensive assets designed to help protect its customers from fraud, scams, financial crime and cyber threats.
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The launch of these assets builds upon earlier solutions that have helped drive a 76% reduction in customers’ losses to scams since the first half of 2023, when those losses peaked, according to a Monday (Aug. 11) press...
Every new trend comes with its own nomenclature.
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In the 1980s, it was yuppie for young urban professional. The 1990s saw the rise of the expression soccer mom. In the 2000s, we had hipsters.
Now there’s a new term in artificial intelligence programming: vibe coding.
Coined by OpenAI co-founder Andrej Karpathy, vibe coding refers to the writing of computer programs...
American small businesses are reportedly making steep price hikes in response to new tariffs.
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That’s according to findings from the Financial Times (FT) published Monday (Aug. 11), after the news outlet surveyed businesses in St. Louis.
These companies said their suppliers had raised prices on a range of products recently, in some cases by up to 30%, forcing them to...
American consumers could soon feel increasing tariff-related pain with their purchases.
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That’s according to a report Monday (Aug. 11) from Bloomberg News, citing research from Goldman Sachs.
While U.S. companies have so far absorbed the brunt of the impact of the White House’s tariffs, consumers will soon feel more pressure as companies raise prices, the bank’s...
Western Union is acquiring money transfer service International Money Express (Intermex) for $500 million.
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The deal is designed to bolster Western Union’s retail business in the U.S. while helping it speed digital customer acquisition, the company said in a Sunday (Aug. 10) news release.
“This acquisition is a disciplined, strategic step that strengthens our North...
Watch more: Dignity Over Data Is Writing a New Playbook for Subprime Credit
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Underwriting innovations have credit down to a science.
Artificial intelligence scoring models, complex eligibility criteria and risk-based segmentation have drilled into the minute aspects of the financial services-seeking consumer.
But those strengths can become flaws when it comes to serving...
Forget the bells and whistles — for a significant portion of small to medium-sized businesses, the ultimate credit card perk isn’t points or airport lounge access, but simply a higher credit limit, a revelation that redefines “top-of-wallet” in the commercial sphere.
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A newly released PYMNTS report, “SMB Growth Monitor Report: How Firms Use and Choose Credit Cards,”...
Watch more: Most Americans Don’t Know Their Credit Card Interest Rates, LendingClub CEO Says
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LendingClub CEO Scott Sanborn said more than half of consumers don’t know the interest rates on their credit cards. Among those who claim to know their rates, half underestimate what they’re actually paying.
The findings come from LendingClub’s internal research, as credit card...
With so many companies reporting earnings over the last two weeks — including the new entry, Chime — we thought it would be a good time to take a look at the category of personal finance in our app provider rankings. And it’s a good thing we did, because the top movers for July in that category were surprising.
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The PYMNTS.com Personal Finance apps page offers a monthly...
The earnings reports continue to roll in, and for the past week, quarterly revenues and management commentary about the state of lending and spending were front and center for the CE 100 Index.
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Overall, the Index gained 1.1% trailing its benchmark comps, as seen in the chart below.
Drilling down by pillar, six groups advanced, four slipped, one was flat — and if there...