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Despite widespread digital transformation efforts across industries, a new report reveals that many businesses, particularly small- to medium-sized firms, continue to grapple with the costly and pervasive inefficiencies inherent in manual accounts receivable (AR) processes, directly impacting their revenue and growth potential.
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Accounts receivable serves as a critical...
Real-time payments are emerging as the modern standard for transactions that are not only fast and efficient but also convenient.
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By cutting down transaction times from days or hours to mere seconds, these instantaneous payment systems are reshaping how money moves across the globe.
The PYMNTS Intelligence report “Real-Time Payments World Map,” a collaboration with The...
As stocks touched new highs in the holiday-shortened trading week, the FinTech IPO Index gathered 4.2%.
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Most names were higher.
As reported this week, BILL announced the launch of BILL Supplier Payments Plus. The offering is geared toward helping large suppliers quickly and efficiently process and reconcile high volumes of payments from thousands of SMBs with greater...
As the Fourth of July holiday swings into high gear, the classic sentiment of “Made in America” often takes center stage. But in an era of fluctuating tariffs, does this ideal still hold significant sway for U.S. consumers? And perhaps most importantly, how does it intersect with their understanding of complex economic shifts, such as the relationship between U.S. and China? The answers have...
For today’s firms and their labor force, the future of work is being spelled out in two words: artificial intelligence (AI). But the vision of AI that firms are keen on embracing is not just as a tool, but as a colleague, a software system capable of thinking, doing, and even acting on its own.
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That, after all, is the promise of agentic AI: systems that can not only...
An OpenAI social media post reportedly impacted Robinhood’s stock price and set off a debate about the stock tokens Robinhood announced Monday (June 30).
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“These ‘OpenAI Tokens’ are not OpenAI equity,” the OpenAI Newsroom account said in a Wednesday (July 2) post on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of...
Qonto, a finance management solution for small and medium-sized businesses (SMBs) and freelancers, has submitted a banking license application with France’s banking supervisor, the ACPR.
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If a license is granted, it will enable Qonto to offer broader lending, savings and investment capabilities, the company said in a Thursday (July 3) press release.
The company operates...
Ramp has launched new, enhanced corporate cards for expense management that integrate with leading accounting platforms and eliminate manual expense workflows.
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The new cards feature spending controls that can be customized by employee or department, instant issuance of virtual and physical cards, fraud detection tools and the ability to assign dedicated virtual cards...
Washington-based credit union BECU has acquired generative artificial intelligence (AI) capabilities and 13 team members from FinTech company EarnUp.
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One of the team members, EarnUp Co-Founder Nadim Homsany, is now the credit union’s head of AI strategy and innovation, BECU President and CEO Beverly Anderson said in a Thursday (July 3) post on LinkedIn.
“They are a...
Nvidia reportedly became the most valuable company ever for a period of time Thursday (July 3) morning before slipping below that mark later in the day.
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The artificial intelligence chip designer’s market capitalization rose as high as $3.92 trillion, briefly surpassing Apple’s record closing value of $3.915 trillion on Dec. 26, 2024, Reuters reported Thursday.
Nvidia’s...