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1 week ago | pymnts.com

Apollo Global Management is reportedly working with five banks, including JPMorgan Chase and Goldman Sachs, to trade private credit.

1 week ago | pymnts.com | Thomas Brown

As Generative AI (“GenAI”) technologies rapidly evolve, we stand at the threshold of a significant shift in how consumers initiate payments. Unlike the mobile revolution — where existing payment regulations comfortably accommodated new form factors — agentic payments present novel regulatory challenges. This paper examines how current U.S. payment regulations, particularly the Truth-in-Lending Act and Electronic Funds Transfer Act, create obstacles for GenAI-powered payment agents by req...

1 week ago | pymnts.com | Keith Barnett |Carlin McCrory

The article explores the growing reliance on Earned Wage Access (“EWA”) products in the financial market, where many individuals live paycheck-to-paycheck. EWA allows employees to access earned wages before payday, with products generally categorized into employer-integrated and direct-to-consumer models. The Consumer Financial Protection Bureau has shifted its stance on EWA, initially not considering it as credit under the Truth in Lending Act, but later suggesting they might be consumer le...

1 week ago | pymnts.com | Karen Webster

Relationship experts say that the honeymoon period lasts about two years. After that, the newlywed sheen wears off, and what’s left is navigating the real work of building a future together. The same is now being said about GenAI. Almost like clockwork, 30 months after ChatGPT broke into the mainstream, GenAI’s honeymoon with the media seems to be over.

1 week ago | pymnts.com | Maxwell Zeff |CPI Blogs

By: Maxwell Zeff (TechCrunch)In this blog post, author Maxwell Zeff (TechCrunch) looks at Anthropic CEO Dario Amodei’s assertion that current AI models may hallucinate — or fabricate information — less frequently than humans. Speaking at Anthropic’s first developer event, Code with Claude, in San Francisco, Amodei emphasized that hallucinations should not be seen as a fundamental barrier to achieving artificial general intelligence (AGI).