U.S. Consumer Credit Market Increasingly Splitting Along a K-Shaped Path, TransUnion Research Finds
- 2 months 2 weeks ago
- Infrastructure
New TransUnion research confirms that the U.S. consumer credit market is increasingly splitting along a K‑shaped path, with the riskiest and least risky credit tiers experiencing the most pronounced shifts in credit use. While credit conditions have remained stable overall, and improved for a large segment of consumers, others are struggling in the face of rising expenses and increasing debt. TransUnion released the research in conjunction with ...
Versana Closes $43 Million Capital Raise Led by BNP Paribas With Fitch Ventures, MassMutual Ventures, Motive Partners and Apollo Joining as Investors
- 2 months 2 weeks ago
- Fundraising News
Versana today announced the close of a $43 million capital raise led by BNP Paribas, with new strategic investments from Fitch Ventures, MassMutual Ventures, Motive Partners and Apollo. Existing shareholders Bank of America, Barclays, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley, U.S. Bancorp and Wells Fargo also made follow-on investments in continued support of the company's future growth.
InDebted Founder Returns to Product as AI Acceleration Opens New Era for Global Collections Infrastructure
- 2 months 2 weeks ago
- Artificial Intelligence
InDebted, the global AI-native collections platform, today announced that founder Josh Foreman is moving from Chief Executive Officer to a dedicated Founder role focused on product, AI and R&D. The company has started an external search for a new CEO to lead market execution, operations and organisational leadership.
KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
- 2 months 2 weeks ago
- People Moves
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.
Customers Bank Announces Strategic Collaboration With OpenAI to Redefine the Commercial Banking Operating Model
- 2 months 2 weeks ago
- Banking
Customers Bank (“Bank”), the subsidiary of Customers Bancorp, Inc. one of the nation’s top-performing banking companies with nearly $26 billion in assets, today announced a multiyear strategic collaboration with OpenAI to deploy artificial intelligence (“AI”) across its commercial banking operations, marking a defining moment in the Bank’s transformation. This collaboration will position Customers Bank to become one of the first AI-enabled...
PayPal Announces Strategic Reorganization to Accelerate Growth
- 2 months 2 weeks ago
- Infrastructure
PayPal Holdings, Inc. today announced a strategic reorganization of its business and executive leadership team to accelerate execution of its long-term growth priorities, streamline decision-making, and drive innovation. As part of the reorganization, PayPal will transition to a simplified three-business operating model: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto. The company also...
Rogo Raises $160M Series D to Scale the Agentic Platform for Finance
- 2 months 2 weeks ago
- Fundraising News
Rogo, the AI platform purpose-built for finance, today announced it has raised $160 million in Series D funding led by Kleiner Perkins, with participation from Sequoia, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic and Positive Sum. The Series D brings Rogo's total funding to more than $300 million and positions Rogo to accelerate the company's global expansion, deepen its...
Jupid Raises $840K to Give Every Small Business Its Own AI Accountant
- 2 months 2 weeks ago
- Fundraising News
AI-native small business accounting platform Jupid raises $840,000 in pre-seed funding to help U.S. entrepreneurs cut expenses on accountants and complex software, making accounting services accessible and affordable for small businesses.
Unlimit Embeds Binance Pay Into Its Global Financial Infrastructure, Expanding Digital Asset Rails for Borderless Commerce
- 2 months 2 weeks ago
- Infrastructure
Unlimit, the global financial infrastructure for the borderless economy, today announced a strategic partnership with Binance Pay, the secure, borderless digital asset payment solution. The integration embeds digital asset rails through Binance Pay directly into Unlimit’s infrastructure, enabling businesses worldwide to orchestrate digital asset and fiat transactions through a unified layer.
Alipay Launches AI Payment Processing Product to Help Businesses and OPCs Thrive in the Agentic Economy
- 2 months 2 weeks ago
- Artificial Intelligence
Alipay today launched a new AI payment processing product that enables businesses, large and small, including One Person Companies (OPCs) in the Chinese mainland, to receive payments seamlessly when autonomous AI agents, including OpenClaw-type agents, purchase their services. This new product is being launched as AI agents are increasingly executing tasks on behalf of users, from booking travel and comparing prices, to allocating computing...
Temenos Named a Leader in Digital Banking Engagement Platforms
- 2 months 2 weeks ago
- Digital banking
Temenos, a global leader in banking technology, today announced it has been named a Leader in the Forrester Wave™: Digital Banking Engagement Platforms, Q2 2026. The report, which scored vendors against 30 criteria relating to both their current offering and strategy, stated:
Worldline Appoints Stefaan D'Hoore as Group Chief Risk & Compliance Officer
- 2 months 2 weeks ago
- Infrastructure
Worldline, a European leader in payment services, announces the appointment of Stefaan D'Hoore as Group Chief Risk & Compliance Officer (second line of defence). He joins the Group Executive Committee and will report directly to Pierre-Antoine Vacheron, Group Chief Executive Officer.
Merchants Gain a Strategic Edge Connecting to Ecommpay Through BridgerPay Partnership
- 2 months 2 weeks ago
- Payments
In partnership with BridgerPay, a SaaS (Software as a Service) company and payment orchestration pioneer, inclusive global payments platform, Ecommpay is providing innovative payment services to merchants around the world. Through BridgerPay’s AI-powered payment orchestration platform, Ecommpay is providing merchants with access to secure and transparent payment solutions.
Chargebacks911 Warns Merchants That AI Shopping Agents Are Triggering False Fraud Alerts, Blocking Legitimate Revenue at Scale
- 2 months 2 weeks ago
- Artificial Intelligence
Chargebacks911, a global leader in dispute resolution and chargeback prevention, is warning that the rapid growth of agentic commerce is creating a significant and largely overlooked risk for merchants: legitimate AI-initiated purchases being misclassified as fraudulent bot activity, triggering false declines and revenue loss at scale.
Finom Launches Its AI Accounting as Standalone Product: From Bookkeeping to Finanzamt, No Bank Account Needed
- 2 months 2 weeks ago
- Artificial Intelligence
Finom launched a standalone version of its accounting software in Germany, allowing freelancers and small businesses to use the company's automated bookkeeping and tax-filing tools without opening a Finom business account.
