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It’s no secret the Trump Administration loves bitcoin and crypto. And as news this week from the Department of Commerce shows, that enthusiasm is now spilling over across the rest of the government.
On Thursday (Aug. 28), the Commerce Department announced that it will begin posting real gross domestic product (GDP) data on blockchain, beginning with the July 2025 data, to the following...
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a warning that Chinese money laundering networks are now among the most significant threats to the U.S. financial system, fueling operations of Mexico’s most powerful drug cartels.
In a new advisory released Thursday (August 28), FinCEN said groups including the Sinaloa Cartel and the Jalisco New...
The FinTech IPO Index posted a strong performance this past week, rising 6% as double-digit surges became commonplace for the platforms and digital upstarts that continued to report quarterly results.
Earnings Reports Roll In
nCino shares jumped 15.5%. In PYMNTS reporting on nCino’s results announced this week, we detailed that the company plans to add sophisticated artificial...
Is that Amazon you’re wearing? If you shop for clothes in the U.S., the odds keep improving that the answer is yes.
PYMNTS Intelligence will publish a comprehensive Q2 2025 “Share of Wallet: Amazon vs. Walmart” report next Tuesday (Sept. 2), with market‑share and category breakouts. For now, the apparel aisle provides the sharpest view of how Amazon has leveraged its strengths to gain...
Accounts receivable (AR) isn’t a corporate function typically known for its innovation.
The department has typically been known for ledger accuracy, sending overdue notices and chasing payments. Its mission has been to ensure that money owed is collected.
Eventually.
However, as global headwinds continue to squeeze cash flows, corporate finance is being reshaped to meet the uncertain...
Banks say they fear fraud on real-time payment rails. The numbers say they shouldn’t.
The August 2025 report, “Fact vs. Fiction in Real-Time Payments Fraud,” published by PYMNTS Intelligence and The Clearing House, gives rise to a striking contradiction: financial institutions are disproportionately worried about fraud risks in real-time payments, even as those same rails show the...
Gap Inc. continues to invest in technology as it works to enhance its efficiency, customer experience and positioning for long-term growth.
The specialty apparel company has been investing in technology that helps it bring products to market and optimize processes, Gap President and CEO Richard Dickson said Thursday (Aug. 28) during the company’s quarterly earnings call.
“These...
Microsoft AI (MAI) has begun public testing of the first foundation model it trained in-house.
The model, dubbed MAI-1-preview, is being tested on LMArena, a platform for community model evaluation, the company said in a Thursday (Aug. 28) blog post.
“This represents MAI’s first foundation model trained end-to-end and offers a glimpse of future offerings inside Copilot,” the company...
Affirm notched new highs across several business lines in the June quarter, as buy now, pay later (BNPL) momentum continued online and in-store, underpinned by 0% APR monthly installment loans.
The company’s materials, released Thursday (Aug. 28) showed that gross merchandise volumes soared 34% to $10.4 billion.
Revenues gained 33% to $876 million.
In detailing growth with the Affirm...
The Commodity Futures Trading Commission (CFTC) said Thursday (Aug. 28) that American companies that left the country to enable crypto asset trading now have a way to participate in American markets.
That’s according to CFTC Acting Chairman Caroline Pham, who announced a new foreign board of trade (FBOT) advisory from the agency that is meant to provide regulatory clarity for non-U.S....