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Artificial intelligence is changing jobs faster than companies can reorganize them, and a new set of data shows that the impact is far more uneven and complex than early predictions suggested.
The PYMNTS Intelligence report “The Chief AI Officer: Managing Machines and Minds” examines how 60 companies across goods, services and technology sectors are adapting to AI’s influence on work....
Credit unions (CUs) are entering a pivotal moment in their modernization journey. Member expectations are rising as digital-native channels, artificial intelligence (AI)-driven tools and embedded financial experiences become the norm across consumer finance. At the same time, many FinTechs—facing slower growth with national banks and looking for mission-aligned partners—are turning to credit...
Watch more: What’s Next In Payments: Paysafe’s Roy Aston
In payments, the most meaningful breakthroughs can often be invisible ones.
The consumer taps, clicks or chats, and the transaction simply works. But much of the real work of payments transformation takes place deep in infrastructure, like APIs, data pipelines, risk engines and compliance frameworks that few outside the industry...
Watch more: What’s Next in Payments: One Inc’s Elizabeth Hoemeke
Payments are maturing into a utility layer for the global economy.
The unsung heroes of the sector’s operations can increasingly determine which companies can grow with confidence and which will falter.
“My infrastructure team, cloud, site reliability and database are remarkable,” One Inc Chief Information Officer...
Watch more: Need to Know: Citi Services’ Biswarup Chatterjee
Blockchain was created to challenge the assumptions embedded in decades-old financial infrastructure.
“The technology itself is sound,” Biswarup Chatterjee, global head of partnerships and innovation, Citi Services at Citi, told PYMNTS. “It has operational scale to it.”
Still, for the bulk of its history, blockchain has...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...