By PYMNTS July 22, 2026 Amazon, the e-commerce and cloud computing titan, confirmed on Wednesday (July 22) that it has implemented a new round of job cuts within its Artificial General Intelligence (AGI) division. The decision marks the latest step in a protracted period of organizational restructuring as the company seeks to focus its resources…
SAN FRANCISCO – In a move that signals the intensifying arms race for artificial intelligence supremacy in the financial services sector, Wells Fargo & Co. has officially unveiled "AI Teammate," a generative AI-powered tool designed specifically for its fleet of financial advisers. Launched on July 15, 2026, the tool represents the latest milestone in the…
By PYMNTS | June 19, 2026 In a major consolidation move that signals a significant restructuring within the financial technology sector, private capital asset manager Pollen Street announced on Friday, June 19, 2026, that it has entered into a definitive agreement to acquire the Universal Banking (UB) business from Finastra. The transaction, which will see…
