PYMNTS News

BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
October 29, 2024  |  Regulation

The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions...

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Shopify Finance Streamlines Merchant Payments, Bill Pay and Credit
Shopify Finance Streamlines Merchant Payments, Bill Pay and Credit
October 29, 2024  |  Retail

Shopify has introduced Shopify Finance, a hub housing all of the eCommerce platform’s financial solutions. “Practices like rigid repayment terms, credit history requirements, or months-long loan...

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SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
October 29, 2024  |  Earnings

SoFi Technologies’ cross-selling continues, and certain trends seem well in place as the interest rate environment becomes more benign. Members are accessing more products across...

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Consumer Confidence Marks Big Gain Despite Inflation Concerns
Consumer Confidence Marks Big Gain Despite Inflation Concerns
October 29, 2024  |  Economy

One week ahead of the election, we’re living in what might charitably be called uncertain times. And yet, as measured by The Conference Board’s latest...

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Why Cross-Border Payments Innovation Starts and Ends With Ledger Technologies
Why Cross-Border Payments Innovation Starts and Ends With Ledger Technologies
October 29, 2024  |  Cross Border Commerce

In the history of finance, few tools are as fundamental as the all-mighty ledger. This holds particularly true as it relates to the timeline and...

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BIS: Regulatory Compliance Can Be Embedded in Cross-Border Protocols
BIS: Regulatory Compliance Can Be Embedded in Cross-Border Protocols
October 29, 2024  |  Cross Border Commerce

The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this...

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Job Openings Drop to Lowest Level Since Early 2021
Job Openings Drop to Lowest Level Since Early 2021
October 29, 2024  |  Economy

The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in...

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Crater Launches AR/AP Solutions for Financial Institutions and B2B Platforms
Crater Launches AR/AP Solutions for Financial Institutions and B2B Platforms
October 29, 2024  |  B2B Payments

Crater launched artificial intelligence-powered accounts receivable (AR) and accounts payable (AP) solutions for banks, credit unions and B2B platforms. With these solutions, customers can offer...

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AI Medical Tools Show Promise as Health Tech Markets Rally
AI Medical Tools Show Promise as Health Tech Markets Rally
October 29, 2024  |  artificial intelligence

Wayne State scientists are developing artificial intelligence models to cut costs in complex drug design, while Stanford research reveals ChatGPT-4 achieving 92% medical diagnostic accuracy...

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