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Two breakthroughs in artificial intelligence (AI) model capabilities can help brands understand and serve their customers at a deeper level.
Advancements in natively multimodal AI and extended memory can enhance hyper-personalization, allowing businesses to create experiences for consumers that are relevant and tailored while remembering their choices for future interactions.
Multimodal AI refers...
Klarna is piloting a card that spends like debit but can flip into pay later mode, extending the buy now, pay later (BNPL) model from the checkout screen to the in-store experience.
Unveiled Tuesday (June 3) at Money20/20 Europe, the Klarna Card is built on Visa’s Flexible Credential, a network capability that lets a single piece of plastic surface multiple funding sources, Klarna said in a...
Paying bills and managing subscriptions are mainstays of financial life — even a daily task, for many consumers. However, updating payment methods has traditionally been riddled with pain points and friction. For merchants and other providers, a hitch in the process translates into a loss of revenues and even customer loyalty.
Prashant Shah, VP of product management at Galileo Financial...
Borderless work requires borderless payments.
The rise of the contingent workforce — including freelancers, gig workers, remote teams and cross-border hires — is pushing companies, banks and FinTechs to rethink the infrastructure supporting global compensation.
“It’s a very interesting landscape today,” Eynat Guez, CEO and co-founder of Papaya Global, told PYMNTS.
There’s increasing demand for...
At the core of every business, accounts receivable (AR) serves as a critical driver of growth by converting sales into cash flow. Although digital and automated transformation is ongoing, many companies are still relying on slow, manual processes to manage this essential function. These manual workflows require human input at every step — from generating invoices to collecting payments — making...
The healthcare industry, long tethered to antiquated manual payment systems, faces mounting pressure to modernize its financial operations or risk falling behind the competition and straining revenue streams.
Manual payment methods and processes in U.S. healthcare have historically challenged efficiency and revenue. As other sectors have embraced digital tools, healthcare’s lag highlights an...
Snowflake plans to acquire Crunchy Data to enhance its ability to help enterprises build and deploy artificial intelligence (AI) agents and applications.
The planned acquisition will add Crunchy Data’s open-source Postgres technology and products to Snowflake’s AI Data Cloud, the companies said in a Monday (June 2) press release.
The closing of the acquisition is subject to regulatory approvals...
Coinbase reportedly knew in January about a data breach at an outsourcing company that it publicly disclosed May 14 in a filing with the Securities and Exchange Commission (SEC).
The cryptocurrency exchange was notified immediately when an India-based employee of the outsourcing company was caught taking photos of data on her work computer, Reuters reported Monday (June 2), citing unnamed sources...
Temu reportedly lost 58% of its eCommerce platform’s daily U.S. users in May after the U.S. ended the de minimis exemption on imported goods from China on May 2.
Reuters reported the drop Monday (June 2), citing data from market intelligence firm Sensor Tower.
Bain...
As consumers increasingly shop for goods using artificial intelligence (AI) chatbots — and as AI agents are being developed to autonomously pay at checkout — traditional brand websites must adapt or risk being invisible in this new internet.
New Generation, or simply New Gen, is a San Francisco-based startup that aims to solve a core part of that problem.
Founded a year ago by Harvard Business...