Новости за 21.10.2024

Nothing slows down the free flow of commerce and payments more so than manual intervention. And with the news Sunday (Oct. 20) that Bank of America now allows companies to lock in foreign exchange (FX) rates for up to one year, simplifying treasury management processes through digital automation is top of mind for finance and treasury leaders. […]

While there are potential benefits to the tokenization of money, there are also costs and risks that need to be considered, the Bank for International Settlements (BIS) said Monday (Oct. 21). These risks may materialize in ways different from those faced by conventional market infrastructures, the BIS said in a press release announcing the release […]

OpenAI’s new Swarm software unleashes teams of artificial intelligence (AI) agents to tackle complex tasks, potentially reshaping business automation across industries. It’s an open-source project that allows specialized AI helpers to hand off tasks to each other.  “The Swarm Framework can revolutionize supply chain management by coordinating multiple autonomous agents to handle tasks like inventory […]

Procurement startup Zip secured $190 million in Series D funding, increasing its valuation to $2.2 billion (up from $1.5 billion in 2023). The investment is one of the largest in procurement technology in more than 20 years, according to a Monday (Oct. 21) press release. As companies face increasing pressure to optimize spending and manage […]

Grubhub has completed nearly 1 million deliveries using Amazon Key, a technology that enables delivery drivers to enter common areas of residential buildings and gated communities, when property managers have opted in to the delivery service. Amazon Key allows third-party delivery services like Grubhub to make deliveries without coordinating with building staff or waiting for […]

Santander’s digital banking platform, Openbank, is now officially live in the United States. According to a Monday (Oct. 21) press release, the launch marks a significant expansion of Santander’s U.S. consumer banking operations beyond the Northeast, enabling the bank to serve customers nationwide. Openbank features an onboarding process that can be completed in as little […]

Mastercard introduced a new solution that will enable banks to facilitate commercial cross-border payments that are near real-time, predictable and transparent. The new Mastercard Move Commercial Payments is designed to simplify operations, optimize liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers, the company said in a Monday (Oct. 21) press […]

Bed Bath & Beyond brick-and-mortar stores are set to return in a new, smaller format. The plan is part of a partnership between Beyond, which is the owner of Bed Bath & Beyond, Overstock, Zulily and other online retail brands, and Kirkland’s, which is a specialty retailer focused on home decor, the companies said in […]

Bank of America now allows companies to lock in foreign exchange (FX) rates for up to one year. The Guaranteed FX Rates offering simplifies the management of FX risk associated with cross-border payments and receipts, mitigates exposure to currency fluctuations and simplifies treasury management processes, the bank said in a Sunday (Oct. 20) press release. […]

The Bank of New York Mellon Corp. (BNY) and Mizuho Bank are collaborating to provide trade services to corporate clients in Asia. The banks have formed an agreement for correspondent bank network bank connectivity for international trade, they said in a Sunday (Oct. 20) press release. This collaboration will leverage both institutions’ expanded trade network […]

At its most basic level, working capital is the cash flow needed to fund short-term costs and operations. However, the operative definition of working capital, its usage and its access has changed dramatically in the year since Visa’s release of the first Growth Corporates Working Capital Index. Where the inaugural 2023 edition of the index […]

Embedded finance, and in particular lending, is finding its way into various URL, app and brick-and-mortar settings these days, and is also rendered at the point of sale, giving an indication of how prevalent its integration into the connected economy has become. The opportunity — as measured in transaction volumes — will be a focus […]

Gone are the days of customers fumbling in their back pockets for cash or cards. “Innovations like tap on mobile and mobile wallets go a long way to simplify and ease the payment experience for the customer,” Julie Malikayil, senior manager, payments products at Discover® Global Network, told PYMNTS, noting these payment innovations offer firms, particularly […]

If there’s been a consistent theme thus far during earnings season, it’s that consumer spending has proven to be resilient across any number of demographics. And as a result, for the CE 100 Index, banking and payments-related names (which, of course, rely on transaction volumes and the aforementioned consumer resilience), where Visa and Mastercard led […]

The big banks have weighed in this earnings season — not just on credit and debit, and consumer spending and Basel endgames … … they’ve also detailed, on some cases, the lure of private credit and their longer term plans in the space. Stretching through the past several months, we’ve seen the announcements between the […]

Artificial intelligence (AI) search company Perplexity is reportedly looking to raise about $500 million in a new funding round that would value it at $8 billion. The company has mentioned these figures in talks with investors, though the terms could change and the funding might not come together, The Wall Street Journal (WSJ) reported Sunday […]

About two weeks after lowering fees for sellers but raising them for buyers, online marketplace Poshmark is reportedly rethinking that change. Some users of the Poshmark app have seen a message saying, “We’re actively working on our new fee structure to better meet your needs. Stay tuned for more details,” Modern Retail reported Friday (Oct. […]

The utilization of working capital solutions is on the rise. In fact, 80% of Growth Corporates using at least one such solution in 2024, is up 13% year over year. In addition, PYMNTS Intelligence’s research finds significant improvements in working capital efficiency among Growth Corporates in 2024. This efficiency gain is largely attributed to better […]

Artificial intelligence (AI) is likely to be smarter than most Nobel Prize winners before the end of this decade, Anthropic CEO Dario Amodei said. Speaking with Bloomberg about his essay on predictions about AI, Amodei said he thinks 2026 is the earliest, though not necessarily the most likely, time that AI will achieve “powerful AI,” […]

Richtech Robotics plans to use its robotics and artificial intelligence (AI) cloud technology to run 20 more Walmart-located restaurants in Arizona, Colorado and Texas. The provider of AI-driven service robots has signed a binding letter of intent with Ghost Kitchens America in which the companies will enter into a franchise agreement and Richtech will acquire […]

Adobe is rolling out a new artificial intelligence (AI)-powered video creation tool designed to help businesses generate custom content while sidestepping potential legal issues surrounding copyright infringement.  As companies adopt AI in their content strategies, Adobe’s latest offering stands out for its use of licensed content, a feature intended to give users peace of mind […]

Evolve Bank & Trust said Saturday (Oct. 19) that it is preparing to return funds held at Evolve to Synapse Brokerage end users impacted by the Synapse bankruptcy. To provide information on the reconciliation process and the anticipated timeline for returning funds, Evolve will launch an online resource center on Wednesday (Oct. 23), the financial […]