PYMNTS News

Goodbye Treasure Hunts? AI Reshapes Online Thrifting
Goodbye Treasure Hunts? AI Reshapes Online Thrifting
November 05, 2024  |  Artificial Intelligence

The digital equivalent of rummaging through clothing racks may soon become a relic as ThredUp rolls out artificial intelligence to transform the happily chaotic world...

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Brazil’s Central Bank Previews Contactless Pix Payments
Brazil’s Central Bank Previews Contactless Pix Payments
November 05, 2024  |  Digital Payments

Contactless Google Wallet payments are coming to Brazil’s Pix system. The country’s central bank this week previewed the new offering — Pix by Proximity —...

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Apple: New Products May Lower Overall Profit Margins
Apple: New Products May Lower Overall Profit Margins
November 05, 2024  |  Apple

Big Tech firm Apple is warning investors that its newest lines of products may not live up to the success of its iPhones. This comes...

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GoodRx and CVS Sued for Suppressing Pharmacy Reimbursement
GoodRx and CVS Sued for Suppressing Pharmacy Reimbursement
November 05, 2024  |  Legal

Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit...

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Earnings Spotlight FinTech Platforms’ Progress in Speeding Banking’s Digital Shift
Earnings Spotlight FinTech Platforms’ Progress in Speeding Banking’s Digital Shift
November 05, 2024  |  Digital Banking

Digital transformation holds promise for banks, but it could also give them pause. The traditional route, upgrading legacy systems and on-premise technology — going it...

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OpenAI Names Meta Augmented Reality Vet Caitlin Kalinowski to Head Robotics Project
OpenAI Names Meta Augmented Reality Vet Caitlin Kalinowski to Head Robotics Project
November 05, 2024  |  Personnel

The one-time head of Meta’s augmented reality glasses project is headed to OpenAI. Caitlin Kalinowski has been hired to oversee the artificial intelligence startup’s robotics...

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IBC Integrates Finata Commercial Lending Offering to Bolster Digital Banking
IBC Integrates Finata Commercial Lending Offering to Bolster Digital Banking
November 05, 2024  |  Partnerships

IBC Bank has launched a partnership with commercial lending FinTech Finanta. “By integrating Finanta’s advanced commercial lending platform, IBC Bank will accelerate its digital transformation in commercial...

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VyStar’s ‘Dysfunctional’ System Switch Reveals Risks, Lessons in FinTech Partnerships
VyStar’s ‘Dysfunctional’ System Switch Reveals Risks, Lessons in FinTech Partnerships
November 05, 2024  |  Banking

Successful collaborations between traditional financial institutions (FIs) and FinTechs rest on one shared goal: offering end-users the best of both worlds. FinTechs bring speed and...

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Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network
Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network
November 05, 2024  |  Payment Methods

Swift has completed a successful pilot for tokenized fund subscriptions and redemptions using its network. The project — completed in partnership with UBS Asset Management...

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