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Artificial intelligence is reshaping industries.
Nowhere is its influence more immediate and more invisible to the average consumer than in the payment systems that underpin everyday commerce.
From streamlining back-office operations to reinventing fraud prevention, AI is shifting from a peripheral tool to the backbone of global payments infrastructure....
Picture this: a late-night delivery worker tapping a button on their phone at the end of their shift to cash out instantly.
Easy to picture, right? It’s a familiar scene, one that plays out millions of times a week. But what is happening is this: that money isn’t all being cashed out to a bank, but frequently to a digital wallet or other account.
The result is a steady river of funds...
Names across the FinTech IPO Index were broadly lower, giving up 2.6% as a group.
Katapult shares dove by more than 29%. The company announced in an SEC filing that it had entered into a limited waiver with its lenders including Midtown Madison Management for failure to maintain a minimum trailing three-month origination established in the agreement. The second limited waiver is in...
The story behind Latin America’s digital payments boom isn’t necessarily about consumers abandoning cash.
It’s about a financial ecosystem where mobile wallets and instant transfers are not just tools of convenience but engines of empowerment.
As governments and FinTechs scale solutions from Brazil’s Pix to Argentina’s MODO, the shift is turning households and small businesses that...
Uber has acquired Segments.ai, a multi-sensor labeling platform for robotics and autonomous driving, the two companies said Thursday (Oct. 2) in separate posts on LinkedIn.
In its post, Uber AI Solutions, Uber’s AI data services business, said that the acquisition is part of its commitment to building its lidar and multi-sensor data annotation capabilities. The company said it has been...
Generative AI is consuming money and attention at a pace no technology has matched before. Global infrastructure spending reached 235 billion dollars in 2024, with forecasts of 2.8 trillion dollars by 2029. More than 700 million people use ChatGPT each week, making it the fastest adoption curve in history.
Yet revenue trails far behind and the economics remain unsettled. Unlike earlier...
Oracle is reportedly investigating hacks of some customers’ E-Business Suite applications after hackers who said they were affiliated with a ransomware group claimed to have breached the applications.
The hackers demanded ransoms, in one case $50 million, from the large organizations they contacted, Bloomberg reported Thursday (Oct. 2), citing unnamed sources.
Oracle told employees...
Alphabet has been preparing for two years to sell its life sciences unit, Verily, a company executive told a court Thursday (Oct. 2).
Testifying as a defense witness in the Justice Department’s antitrust case against another Alphabet business unit, Google, which involves the company’s advertising technology, Heather Adkins, Google’s vice president of security engineering, said Verily...
BoomerangFX has added integrated financial services to its cloud-based software-as-a-service platform for private-pay healthcare practices.
This addition turns the platform into “a full-spectrum financial infrastructure provider inside the clinic,” the company said in a Thursday (Oct. 2) press release.
One of the new integrations is Stripe, which allows clinics to process online and in...
BILL says it has debuted a new way for small businesses to manage their money.
The BILL Cash account, announced by the financial operations platform Ton hursday (Oct. 2), is an operating account designed to help small and medium-sized businesses (SMBs) strengthen their cash positions.
“Cash flow is the lifeblood of SMBs, yet businesses are leaving thousands of dollars on the table...