By PYMNTS | June 29, 2026 The global financial ecosystem is currently undergoing a radical transformation driven by the proliferation of real-time payment (RTP) rails. While these instant settlement systems offer unprecedented convenience for consumers and businesses alike, they have simultaneously created a critical vulnerability: the total removal of the "recovery window." In the traditional…
By PYMNTS | June 23, 2026 In a significant consolidation move within the financial technology sector, Backbase, the prominent provider of banking operating systems, announced on Tuesday, June 23, 2026, that it has successfully acquired Kasisto, a trailblazer in artificial intelligence (AI) specifically engineered for the financial services industry. The acquisition marks a pivotal moment…
By PYMNTS | June 19, 2026 The grocery shopping experience is undergoing a fundamental transformation. As of Thursday, June 18, 2026, Instacart has officially begun the mass-market rollout of its advanced AI-powered shopping assistant. This technology, which has spent months in rigorous testing, is designed to move beyond simple search bars and static filters, evolving…
The promise—or threat—of "agentic AI" has become a central theme in the evolution of financial technology. In theory, autonomous artificial intelligence agents could act as tireless, digital fiduciaries for the average consumer, scanning the global financial landscape 24/7 to move every spare penny into the highest-yielding accounts available. For retail banks, which have long relied…
