Online lender Enova saw its revenue exceed $1 billion during a quarter for the first time in its history in the third quarter, with strong growth across its portfolio, CEO Steve Cunningham said Thursday (Oct. 22) during an earnings call. “We are pleased to report another quarter of healthy growth and credit as originations, receivables, […]The post Enova Tops $1 Billion Quarterly Revenue as Online Lending Surges appeared first on PYMNTS.com.

OpenAI is close to finalizing a funding round in which it could raise as much as $30 billion at a $1.25 trillion pre-money valuation, CNBC reported Thursday (Oct. 22), citing unnamed sources. OpenAI told investors Thursday that it aims to secure signatures by the end of next week, though the final size of the round […]The post OpenAI Aims to Lock In $30 Billion Funding Round by Next Week appeared first on PYMNTS.com.

Fraud losses reported by older adults increased fivefold between 2020 and 2025, leaping from $600 million to $3 billion, the Federal Trade Commission (FTC) said Monday (Oct. 19). The FTC shared this data in a press release outlining findings from its report to Congress, “Protecting Older Consumers 2025-2026: A Report of the Federal Trade Commission.” […]The post FTC Data Shows Investment Scams Fuel Fivefold Surge in Seniors’ Fraud Losses appeared first on PYMNTS.com.

Uber has made OpenAI’s ChatGPT Work available to all its 30,000 employees around the world after initially piloting it with 1,000 employees, OpenAI said in a Thursday (Oct. 22) press release. ChatGPT Work is an agent designed to take on complex, multi-step tasks within ChatGPT Enterprise and deliver finished work, according to the release. Uber employees will be able to use the agent […]The post Uber Deploys OpenAI Agents to All 30,000 Employees appeared first on PYMNTS.com.

Credit card delinquencies crept up in September, while net charge-offs declined, according to the latest edition of Seeking Alpha’s Credit Pulse, released Thursday (Oct. 22). This report tracks monthly delinquency and charge-off rates at seven major credit card issuers, including American Express, Bank of America, Bread Financial, Capital One, Citigroup, JPMorgan and Synchrony. The September report showed the average delinquency […]The post Credit Card Delinquencies Creep Up to 2.6% Among Major Issuers appeared first on PYMNTS.com.

Banks keep their core systems because replacing them is costly and disruptive. Keeping them carries its own price. Employees work across fragmented applications, repeat manual steps and rely on expensive integrations. Fifty-two percent of financial institutions name legacy technology as an obstacle to real-time payments modernization, and 53% name manual-intensive internal processes, PYMNTS Intelligence found. […]The post Banks Add AI Agents, Keep Their 40-Year-Old Cores appeared first on PYMNTS.com.

Chinese labs have led the open-weight artificial intelligence (AI) race for most of the year. This week, the U.S. stacked up its own entries, with Nvidia and Reflection releasing models built for enterprise work. DeepSeek and MiniMax responded with price cuts. Nvidia and Reflection Build the American Open Stack Nvidia released Nemotron 3.5 Super VL […]The post Nvidia and Reflection Make Open Models Enterprise-Ready appeared first on PYMNTS.com.

Hotel franchising company Wyndham Hotels & Resorts offers artificial intelligence (AI) tools across the guest experience and has found that they improve franchisees’ top lines, reduce operating costs and enhance the guest experience, the company said in an investor presentation released Wednesday (Oct. 21). Wyndham’s network includes 8,500 hotels across 100 countries on six continents, operating […]The post Wyndham Deploys AI Agents to Boost Hotel Bookings and Cut Franchisee Costs appeared first on PYMNTS.com.

American Airlines’ loyalty program, AAdvantage, differentiates the company from its rivals and provides a competitive advantage, executives said Thursday (Oct. 22) during a third-quarter earnings call. “We said we’d lead in loyalty, and we are,” American Airlines CEO Robert Isom said during the call. “AAdvantage enrollments and spending on our co-branded credit cards are up […]The post American Airlines Says Loyalty Program Drives Revenues and Margins appeared first on PYMNTS.com.

Bitcoin holders borrowing to finance leveraged trading retain their original investment and take on another source of exposure. Their coins continue to fluctuate, the financed position produces its own gains or losses, and the dollar loan remains payable regardless of either result. The attraction is access to trading funds without selling cryptocurrency upfront. There’s risk […]The post Bitcoin-Backed Loans Add Debt to Leveraged Crypto Trading appeared first on PYMNTS.com.