News
Kroger Sales Creep up 1% as Shoppers Grow More Selective
13+ min ago (501+ words) Kroger's revenues ticked up slightly last quarter as its shoppers felt increased financial strain. "The customer is under pressure, Greg Foran, chief executive of America's largest traditional supermarket chain, said Thursday (June 18) as Krogerreported earningsshowing revenues up 1%, compared to a…...
Fed Now Cross-Border Plan Tests Real-Time Payments Infrastructure
33+ min ago (834+ words) The Federal Reserve's newest proposal would allow Fed Now participants to use intermediaries, opening the door for real-time settlement of the U. S. leg of cross-border payments. Banks and Fin Techs broadly support the proposal, but disagree on how quickly operational, sanctions-screening…...
Fin Tech Finds a New Category in AI's Untracked Costs
1+ hour, 18+ min ago (539+ words) As artificial intelligence agents spread across enterprise operations, spend management platforms are racing to fill a gap that traditional finance systems were never built to handle. Ramp, a financial operations platform, raised $750 million at a $44 billion valuation this month, nearly…...
Black-Box AI Forces CFOs to Write a New Audit Playbook
2+ hour, 50+ min ago (641+ words) As autonomous tools influence approvals, forecasts and spending decisions, CFOs need proof of'why'a decision was made, not just a record that it happened. The challenge is no longer tracking transactions; it's reconstructing how AI models, data inputs and automated workflows…...
Dream Raises $260 Million for Government-Focused AI Cybersecurity
3+ hour, 17+ min ago (418+ words) Dream, an artificial intelligence and cybersecurity company for governments, raised $260 million, according to a Thursday (June 18) Linked In post. The new funding values the Israeli company at $3 billion, per the post. It was led by Group 11 and Bicycle Capital. "Governments…...
Baseten Nears $1. 5 Billion Funding Round as Inference Demand Surges
3+ hour, 27+ min ago (482+ words) Baseten is finalizing a $1. 5 billion fundraising round to support its inference software layer that enables customers to run, optimize and train open-source artificial intelligence models, the Wall Street Journal reported Thursday (June 18). The round will have a dual-tiered structure in…...
Salesforce Debuts Agentic Tool to Automate Financial Busywork
4+ hour, 19+ min ago (414+ words) Salesforce introduced new agentic artificial intelligence tools for financial advisers, according to a Thursday (June 18) press release provided to PYMNTS. Agentic Advisor is built into the company's Agentforce for Financial Services and is designed for advisers who spend the bulk…...
Crypto's Future May Depend on Lawyers Who Think Like Operators
10+ hour, 13+ min ago (1273+ words) After serving as chief legal officer at a crypto venture firm, Mike Katz returned to private practice with a more operator-centric approach, arguing that business leaders need clear recommendations " not lengthy legal memos " to make decisions in fast-moving markets. The…...
PYMNTS Panel Concludes Credit Unions Face an AI Trust Test
10+ hour, 15+ min ago (908+ words) A PYMNTS panel said agentic AI is shifting the conversation from automation to decision support, forcing credit unions to balance speed with trust and accountability. Watch more: Virtual Roundtable With Jeremiah Lotz and'Cheryl Middleton Jones of Velera and Cal Al-Dhubaib…...
Just 30% of Financial Firms Use AI for Customer Retention
10+ hour, 15+ min ago (165+ words) Enterprise artificial intelligence has moved past the pilot stage, but there are some challenges when it comes to gaining wider acceptance. The headline finding is that financial services has scaled AI on more tasks than healthcare or media. But the…...