AI software that crafts consensus statements from opposing viewpoints could one day be a tool for smoothing corporate negotiations and stakeholder disputes. A new breed of artificial intelligence system can analyze conflicting positions and generate balanced group statements that capture majority and minority perspectives. This...
We at PYMNTS have long been covering the trend that, in shorthand, is “embedded everything,” where payments, especially, are being woven inextricably into software and into platforms. The embedded route has the potential to change — and indeed is changing — entire industries. That evolution...
Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges Elhedery plans to restructure HSBC’s senior banker level as part of a plan to save up to $300 million. Reports...
Global mergers and acquisitions (M&A) activity is reportedly expected to slow in the fourth quarter due to uncertainty around the U.S. elections before picking up again in 2025. Companies are putting off large deals until after the elections, when a new administration will be selected...
October 14, 2024
We at PYMNTS have long been covering the trend that, in shorthand, is “embedded everything,” where payments, especially, are being woven inextricably into software and into platforms. The embedded route has the potential to change — and indeed is changing — entire industries. That evolution is impacting even the digital only players, who themselves need […]
April 02, 2024
2019, the year of the payments industry mega-deals, seems long ago and far away. Before the pandemic, the headlines were awash in waves of verticalization, where large firms scooped up...
October 16, 2023
A decade ago, there were nearly 7,000 credit unions, and that number’s been consolidated to about 4,700. Scott Young, managing VP of Emerging Services at PSCU, told PYMNTS that the...
July 10, 2023
As companies look to steer their business strategy to drive growth, Pierre Lion, chief growth officer at FinTech firm Mangopay, says thinking globally should be a priority right from the...
October 29, 2024
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 on investment, risk management and competitive positioning, a Bank Policy Institute (BPI) senior associate general counsel wrote. Writing in a Tuesday (Oct. 29) blog post on the organization’s website, Sarah […]
October 10, 2024
Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges Elhedery plans to restructure HSBC’s...
September 26, 2024
Global mergers and acquisitions (M&A) activity is reportedly expected to slow in the fourth quarter due to uncertainty around the U.S. elections before picking up again in 2025. Companies are...
September 05, 2024
New Mountain Capital is reportedly combining three HealthTech firms in a $3 billion deal. The merger is designed to employ artificial intelligence (AI) to help improve payments from health plans...
