December, 2024

December, 2024

Recent Funding Rounds Signal PayFac’s Rising Star
Platforms are rapidly forging their own ecosystems — matching supply and demand, buyers and sellers, sometimes on a global scope. In other cases, they serve specific verticals — for example, hair ...

CFPB Begins Largest-Ever Distribution to Victims in ‘Advance Fee’ Case
The Consumer Financial Protection Bureau (CFPB) has begun distributing $1.8 billion to 4.3 million consumers a year after securing a legal judgment saying that companies had violated the Telemarketing...

TD Bank Says Earnings Growth ‘Challenging’ Amid AML Remediation
TD Bank Group said Thursday (Dec. 5) that for the coming fiscal year, “it will be challenging for the Bank to generate earnings growth,” as it continues to work on its anti-money laundering (AML) ...

Tech Firms Ride AI Wave With New Tools and Partnerships
Three major technology companies reported revenue growth and expanded artificial intelligence offerings Wednesday, with Pure Storage rolling out enterprise AI tools, Box launching custom AI agents and...

Dollar General Tests Same-Day Delivery Amid Shifts in Customer Behavior
Amid ongoing economic pressures, Dollar General is refining its approach to better serve its financially constrained customers, CEO Todd Vasos said Thursday (Dec. 5) during the company’s third-quar...

OpenAI Debuts $200-Per-Month ChatGPT Pro Plan
OpenAI has debuted a “research grade” version of its main artificial intelligence (AI) model. “As AI becomes more advanced, it will solve increasingly complex and critical problems. It also take...

Investors Expect Firms to Deliver Profitability Gains from Generative AI within the Next Year – Report
The pressure is on for companies to turn AI investment into impact, according to PwC’s 2024 Global Investor Survey. The majority or 73% of investors say companies should “deploy AI solutions at sc...

Israel: $8.1 Billion for Startups, M&As Set Record – Report
According to a report from Israel, startups in the country generated $8.1 billion in funding during 2024. At the same time, mergers and acquisitions set a new record at $10.5 billion in deals. The rep...

MUFG, DWS Group Introduce Private Financing Venture for Project and Infrastructure Asset Investments
Mitsubishi UFJ Financial Group (MUFG), a global firm focused on financial services, and asset management firm DWS Group (DWS) have launched a venture designed to enhance their respective capabilitie...

Australian Firms Increasingly Leveraging AI to Enhance Finance Functions, Improve Financial Reporting
Australian companies’ use of AI in their finance functions is growing steadily – and the Return on Investment (ROI) on AI is exceeding, or at least meeting, expectations, a KPMG International stud...

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