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Sezzle has introduced features it says are designed to help customers weather increased financial pressure.
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“With record-low consumer confidence — the Conference Board’s index recently plunged to its lowest level since May 2020 amid fears of tariffs and recession — the current climate makes budgeting tools more essential than ever,” Sezzle said in a news release Monday...
Microsoft AI said Monday (June 30) that the Microsoft AI Diagnostic Orchestrator (MAI-DxO) correctly diagnoses 85% of diagnostically complex cases published by the New England Journal of Medicine (NEJM), compared to a mean accuracy of 20% among the practicing physicians the company included in a study.
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MAI-DxO also achieved correct diagnoses more cost effectively than...
Pay-later provider/digital bank Klarna has launched a partnership with checkout and identity platform Bolt.
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The collaboration, announced Monday (June 30), will integrate Klarna’s payment options into Bolt’s CheckoutOS.
“With customers increasingly seeking flexible payment solutions tailored to their needs, this integration empowers merchants to deepen engagement and...
Artificial intelligence (AI) chatbots and AI agents are reportedly taking on more tasks in the financial services industry.
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In some cases, these “digital employees” have company logins, the Wall Street Journal (WSJ) reported Monday (June 30).
BNY is now using two types of AI agents developed by its AI Hub, according to the report.
One spots vulnerabilities in company...
The digital age demands banks find new ways to ascertain at the point of onboarding that customers, whether enterprise clients or individuals, are who they say they are.
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PYMNTS Intelligence reported earlier this year that identity-related issues comprise 42% of all suspicious activity encountered by financial institutions.
Know your customer (KYC) mandates direct banks...
Canadian FinTech Nuvei says it is now a direct payment acquirer in its home country.
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The new capabilities, announced Monday (June 30) ahead of Canada Day on July 1, allow Canadian businesses to process domestic transactions locally through Nuvei, doing away with the need for third-party processors and allowing for higher payment approval rates.
“Becoming a direct...
Pay-by-bank solution provider Trustly reported Monday (June 30) that its total payment value increased by 54% year over year in 2024, driven by new products and partnerships in North America and Europe.
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The firm’s total payment value reached $85 billion, up from $55 billion in 2023, according to a Monday press release.
“Strategic partnerships have been critical for...
Retailers Temu and Shein are reportedly shedding users following U.S. tariffs.
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The platforms’ once-speedy user growth has begun to reverse since President Donald Trump imposed high tariffs on Chinese imports and closed a tax loophole that had allowed the retailers to undercut competitors, the Financial Times reported Monday (June 30).
Temu’s monthly active users in the...
So far, this has been a great year for cryptocurrency. Or at least one form of cryptocurrency.
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As Bloomberg News reported Monday (June 30), while bitcoin has enjoyed a rally thus far in 2025, many of the “altcoins” once championed as its competitors are fading, losing more than $300 billion in market value since the year began.
While crypto’s early proponents touted the...
Klarna is increasing its digital banking efforts as it prepares to go public again.
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As the Financial Times (FT) reported Monday (June 27), the Swedish company has been branching out from the buy now, pay later (BNPL) products that were its core business, launching new products that place it in the digital banking category.
The report contends that this move is happening...