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Adobe said it is adding a trio of its apps to OpenAI’s ChatGPT.
Adobe Photoshop, Adobe Express and Adobe Acrobat will be directly available on the artificial intelligence (AI) startup’s chatbot, Adobe announced Wednesday (Dec. 10), letting users ask ChatGPT to create designs or edit photos and PDFs.
“Adobe apps for ChatGPT build upon the company’s innovation in agentic AI, enabling...
The Treasury Department reportedly aims to give its Financial Crimes Enforcement Network (FinCEN) the ability to veto other regulators’ findings that a bank has violated the Bank Secrecy Act (BSA).
With this proposed change, Treasury wants to ensure that regulators focus on key parts of banks’ anti-money laundering efforts, rather than on technical compliance, the Wall Street Journal...
Amazon plans to invest $35 billion in India through 2030 to support business expansion, artificial intelligence (AI) digitization, export growth and job creation.
This will build on the $40 billion the company has already invested in India in terms of compensation to employees and development of infrastructure, it said in a Wednesday (Dec. 10) press release.
Amazon’s investments to...
A recent International Monetary Fund report warns of threats posed to emerging markets by stablecoins.
But as CoinDesk reported Wednesday (Dec. 10), some cryptocurrency experts say that the concerns flagged in the IMF’s report are not yet a serious threat, as the stablecoin market is not yet large enough to have a true systemic impact on emerging markets (EMs).
“It’s way too soon for...
Check usage continues to decline each year as consumers and businesses shift toward digital tools. At the same time, significant numbers of users still depend on checks for convenience, record keeping or lack of better alternatives.
This uneven reliance has led the Federal Reserve to seek input about the future of its own check services. The answer will influence whether checks fade...
U.S. banking regulators are warming up to cryptocurrency in a way never seen before.
For much of the digital asset sector’s history, crypto companies have accused U.S. regulators of regulatory arbitrage by enforcement, while regulators accused the industry of racing ahead of basic risk controls. Banks, caught in the middle, largely stayed on the sidelines, experimenting quietly while...
American manufacturers are reportedly scaling back parts and raw material orders amid tariff-related uncertainty.
Buying activity by manufacturers in the U.S. reached its lowest level since May last month, The Wall Street Journal (WSJ) reported Wednesday (Dec. 10), citing a poll of 27,000 businesses by software consulting firm GEP and S...
Philippines-based embedded banking platform Netbank has tapped Thredd to launch its Cards-as-a-Service (CaaS) solution.
This solution will allow FinTechs, banks and eWallets to “rapidly deploy modern, flexible card issuing across both consumer and commercial segments,” Thredd said in a Wednesday (Dec. 9) news release.
“The Philippines presents a dynamic growth opportunity, particularly...
Changes in how consumers shop and pay never happen all at once. The transformation doesn’t make a grand entrance. Change happens when the friction that consumers and merchants tolerate becomes harder to live with than the habit of sticking to the old way. That is when innovators step in, spot the opening and decide it is time to move forward. The signs of change always start quietly. Adoption...
Technology infrastructure provider Cross River Bank has added a proprietary, in-house card processing engine to its card program capabilities.
The company now owns the complete technology stack, from issuing to processing, it said in a Wednesday (Dec. 10) press release emailed to PYMNTS.
With its new processing capability, Cross River provides partners with bank-grade compliance, real-...