Feed Items
The tidal wave of artificial intelligence (AI) that has hit the payments, commerce and financial services industries has created the need for a new definition. Because AI is enabling and accelerating momentum from analog and manual processes to automated, digital processes, AI and digital transformation belong in the same sentence. And one of the industries that has been in the forefront of...
Santander is reportedly cutting 320 jobs as it continues to embrace digital banking.
The Spain-based bank has laid off a little under 3% of its American staff in the past few days, Bloomberg News reported Sunday (March 3), citing a source familiar with the matter. That person said the cuts are focused on Santander’s retail banking business.
Reached for comment by PYMNTS, Santander offered a...
Dental services represent a $155 billion market that is projected to grow to $254 billion by 2032.
Against that backdrop, it’s critical, especially in an inflationary environment, to include financing at the point of treatment to marry patient care with dental services and help ensure that practices collect on the monies owed.
Dr. Steven Rasner, DMD, MAGD, of Pearl Smiles and Ed O’Donnell, CEO of...
Consumers are now saving less money for the proverbial rainy day than they were a year ago.
The personal savings rate in January was 3.8%, which was higher than December’s 3.7% but still below the 4.8% consumers were socking away last summer.
The trend may not ring immediate alarm bells, but it could prove problematic down the road should consumers run into unexpected expenses, and the likelihood...
The Connected Economy 100 Index notched a 1.9% gain as February gave way to March.
And of the 10 pillars, only one — the Be Well segment — lost ground, off 0.2%. United Healthcare shares gave up 7.1%. A cyberattack on Change Healthcare, owned by United Healthcare, has reportedly affected a number of pharmacies.
“Once we became aware of the outside threat, in the interest of protecting our...
Businesses in the media and telecom space display strong appetites for a range of embedded finance innovations, from digital wallets to installment plans to business credit cards. Most payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces in this segment indicate robust demand for embedded loyalty and rewards program innovations and digital wallets.
Despite serving...
The digitization of financial services — and the rise of open banking — has given rise to a shifting landscape of partnerships.
And the pursuit of innovation has led to a slew of bedfellows. Traditional banks and FinTech upstarts have joined together. The banks have the accounts, the decades worth of data, the regulatory structures and guardrails in place. The FinTechs have the technology, the...
Digital insurance firm Lemonade says predictions of its demise have been greatly exaggerated.
The company’s stock has fallen more than 70% since it went public in 2020, and saw its shares fall again last week.
But CEO and Co-Founder Daniel Schreiber told the Financial Times (FT) Sunday (March 3) that the company’s results, which showed a small increase in cash and investments, help disprove the...
Nvidia’s CEO thinks artificial intelligence (AI) that thinks like humans could arrive within five years.
Jensen Huang made this claim Friday (March 1) during an economic forum at Stanford University when asked how long it would take to reach the goal of creating an artificial general intelligence (AGI), Reuters reported.
The answer, he said, depends on how we think about that goal. If AGI means...
Financial guidance platform NerdWallet says it was the victim of a fraudulent bankruptcy filing.
As Reuters reported Saturday (March 2), the company said that it did not file for bankruptcy and that the filing that showed up on an electronic public access service for U.S. federal court documents was fraudulent.
“NerdWallet did not file for bankruptcy. This is a fraudulent filing and we are...