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The biggest risk in B2B payments today isn’t failing to modernize. It’s assuming that modernization alone delivers value.
The real test arrives in what many finance leaders privately call the “year-two problem,” or the period after regulatory migration deadlines pass and new systems go live. That’s when firms discover that upgraded rails do not automatically produce cleaner data,...
A bill introduced in the Senate Thursday (Feb. 26) would strengthen the role of the Community Development Financial Institutions Fund (CDFI Fund) in improving capital access and economic development in underserved communities, its supporters say.
The “Access to Fair Financing for Opportunity and Resilient Development Act” (AFFORD Act) was introduced by Sens. Steve Daines (R-Mont.) and...
Dots raised $8.9 million in a Series A funding round to continue expanding the capabilities of its global payouts platform for marketplaces and service-based businesses.
The round brings the total amount the company has raised to date to $14.6 million, Dots said in a Thursday (Feb. 26) press release.
The Dots platform has delivered $1 billion to more than 1 million gig workers,...
Burger King has equipped managers and employees with an artificial intelligence-powered tool called BK Assistant.
BK Assistant providers staffers with access to operational guidelines, inventory management and compliance tracking, “enabling them to focus more on guest service and team leadership,” Burger King owner and quick service restaurant company Restaurant Brands International (...
It was probably one of those moments where you remember where you were when you heard it. Block announced Thursday (Feb. 26) that it will cut roughly 4,000 jobs, or close to 40% of its workforce, as part of a broad restructuring that CEO Jack Dorsey said is aimed at making the company “smaller, faster and more focused” as it integrates artificial intelligence (AI) more deeply into its operations...
January’s Producer Price Index from the Bureau of Labor Statistics came in hotter than expected. For businesses navigating tariff swings and fragile global supply chains, rising service margins signal that cost pressure is rippling through logistics and distribution channels. As for the read across for consumers, even when commodity prices cool, supply chain volatility can keep prices elevated at...
Artificial intelligence pioneer Andrew Ng said the industry is decades away from developing artificial general intelligence (AGI).
In an interview with Fast Company posted Friday (Feb. 27), Ng said he defines AGI as AI that can perform any intellectual task that humans can, such as learning to drive a truck or writing a PhD thesis.
“We’re still very far from AI meeting that definition...
Trade finance has a dirty secret. While containers can be tracked in real time across the world’s oceans, the documentation required to release those goods often moves at the speed of courier envelopes and manual approvals.
Bills of lading, inspection certificates and letters of credit still pass through fragmented systems, requiring reconciliation by armies of operators. These...
OpenAI on Friday (Feb. 27) confirmed it has raised $110 billion in new funding from Amazon, Nvidia and SoftBank, in one of the largest private capital raises in technology history, as the company moves to secure the compute and infrastructure needed to scale advanced AI systems globally.
The round includes $50 billion from Amazon, $30 billion from Nvidia and $30 billion from SoftBank...
Stablecoins are out there; now they just need to work. The next phase for stablecoins may focus less on issuance and more on interoperability in practice.
Multiple stablecoins, operating under different regulatory regimes, will need mechanisms to transact seamlessly with one another and with traditional bank money. When infrastructure becomes boring, it has usually won. Stablecoins are...