Chinese consumers worry more about where they can pay bankcard bills than other factors when choosing credit cards, suggest survey data from Analysys International, a Beijing-based research company. The findings, based on 3,974 questionnaires sent in March to adult Internet users in China, show that 63% of respondents were concerned about convenient ways to pay card bills-whether at ATMs, bank branches or convenience stores. Fifty-five percent of respondents said they worried about card safety. About half of respondents said they considered the card brand when choosing a credit card, while nearly the same percentage considered annual fees. Almost 30% said they were concerned with reward points, while about 12.6% cared about gifts that come with cards.
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Affirm CEO Max Levchin said that the company did not have any plans for AI-spurred layoffs despite the fact that it was using the technology more for software engineering.
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Leaders from Wells Fargo, JPMorganChase and more talked about how banks can respond to the fast-moving changes in money movement, new forms of artificial intelligence, fraud, digital assets and more.
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The payments company posted strong adjusted earnings following a dramatic downsizing, which management attributed to the influence of artificial intelligence.
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The Securities and Exchange Commission initially offered $179.5 million to Michael Bacon, who provided key information to the government about Wells Fargo's fake-accounts scandal. But shortly after SEC Commissioner Paul Atkins took office, the amount was sharply reduced.
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Bankers and tech executives at SAS' annual conference said agentic AI is still in the "terrible twos" stage and requires human supervision.
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Employers hired an additional 115,000 workers in April, while unemployment remained unchanged at 4.3%. Despite the positive headline figure, a spike in newly unemployed workers and a rising number of underemployed workers suggests instability under the surface.
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