German embedded finance platform Solaris is cutting 20% of its workforce, about 80 roles out of 400, as it transforms itself into an “AI-native bank,” Tech.eu reported Wednesday (March 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Wells Fargo said Thursday (March 26) that less than three years after it launched its artificial intelligence-powered virtual assistant Fargo, the assistant has helped customers with more than 1 billion transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Neobanks have spent years proving they could attract users. And now, there are indications that scale is translating into durable banking economics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
UK-based FinTech Revolut says its subscription income helped drive record profits last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
The Federal Reserve will have a third-party review the March 2023 collapse of Silicon Valley Bank, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Friday (March 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Starling has added an agentic artificial intelligence (AI) financial assistant to its banking app in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
UBS is set to offer a full range of banking products and services in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Goldman Sachs is set to begin a series of small layoffs that will continue through the summer and impact all of its business lines, Seeking Alpha reported Thursday, citing a paywalled article by Business Insider. Get the Full Story Complete the form to unlock this...
HSBC is reportedly considering widespread job cuts as the banking giant relies more on AI. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
