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Capital One Discloses CFPB Investigation of Savings Account Products
Capital One Discloses CFPB Investigation of Savings Account Products
November 01, 2024  |  Bank Regulation

Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a...

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Report: Investors Remain Uncertain About Apple AI Features’ Impact on Sales
Report: Investors Remain Uncertain About Apple AI Features’ Impact on Sales
November 01, 2024  |  Apple

Apple shares dipped early Friday (Nov. 1) as investors remained uncertain about the prospects for the company’s rollout of artificial intelligence features. Apple gave guidance...

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Visa Uses More Than 500 Generative AI Applications
Visa Uses More Than 500 Generative AI Applications
November 01, 2024  |  Artificial Intelligence

Visa reportedly uses more than 500 generative artificial intelligence applications and is looking to add more. The company aims to gain the benefits of the...

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Access Group to Enhance Hospitality Product Offering With Paytronix Acquisition
Access Group to Enhance Hospitality Product Offering With Paytronix Acquisition
November 01, 2024  |  Acquisitions

The Access Group has entered into an agreement to acquire Paytronix, saying it aims to integrate the companies’ solutions and deliver an enhanced suite of...

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J.P. Morgan Affiliates Settle SEC Enforcement Actions
J.P. Morgan Affiliates Settle SEC Enforcement Actions
November 01, 2024  |  Regulation

Two affiliates of J.P. Morgan Chase & Co. — J.P. Morgan Securities (JPMS) and J.P. Morgan Investment Management (JPMIM) — agreed to pay $151 million...

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Melio to Grow AP/AR Platform With $150 Million Fundraise
Melio to Grow AP/AR Platform With $150 Million Fundraise
November 01, 2024  |  Investments

Melio raised $150 million in a Series E funding round to fuel the growth of its accounts payable (AP) and accounts receivable (AR) platform by...

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Big Tech Makes Money by Spending on AI Infrastructure
Big Tech Makes Money by Spending on AI Infrastructure
November 01, 2024  |  Artificial Intelligence

Tech giants’ investments in cloud infrastructure are reportedly paying off due to the demand for artificial intelligence. The momentum of cloud businesses began to slow...

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Microsoft’s AI Business Surges, Set to Hit $10 Billion Milestone
Microsoft’s AI Business Surges, Set to Hit $10 Billion Milestone
October 31, 2024  |  Earnings

Microsoft’s artificial intelligence (AI) initiatives are delivering unprecedented growth, with the company announcing its AI business is on track to surpass $10 billion in annual...

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Zelle Reportedly Steering Users to Banking Apps
Zelle Reportedly Steering Users to Banking Apps
October 31, 2024  |  Mobile Applications

Zelle reportedly wants users to use its platform via banking apps instead of its own. An executive for the peer-to-peer payments provider told Reuters on...

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