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Archive · February 7, 2026

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Story 01

Goldman Sachs Utilizes AI for Accounting and Compliance

Goldman Sachs is leveraging AI agents to automate accounting and compliance tasks, enhancing operational efficiency and potentially reducing costs. This strategic move positions Goldman Sachs at the forefront of AI adoption in the finance sector. The impact: payments teams must now consider how AI can streamline their operations and reduce overhead. As Goldman leads the charge, competitors may feel pressured to adopt similar technologies or risk falling behind.

Source: PYMNTS
Also Worth Knowing
№02

Visa Launches Platform for US Small Businesses

Visa has launched a new platform aimed at supporting US small businesses by providing access to capital and business tools. This initiative strengthens Visa's position in the small business sector and could challenge fintech competitors. For payments professionals, this means a potential shift in how small businesses engage with payment solutions, as Visa's offering may redefine expectations for service and support. Fintechs must now innovate to keep pace with Visa's enhanced value proposition.

Source: Finextra
№03

Circle Partners with Polymarket for Dollar-Denominated Settlements

Circle has partnered with Polymarket to provide dollar-denominated settlement infrastructure for prediction markets, enhancing its position in this niche space. This partnership could increase the adoption of USDC in prediction markets. The implications for payments teams are significant, as this move signals a growing acceptance of stablecoins in diverse financial applications. As regulatory scrutiny looms, stakeholders must navigate compliance challenges to capitalize on this trend.

Source: Finextra
№04

Ebanx Expands in Asia with New CPO

Ebanx has appointed Eduardo de Abreu as Chief Product Officer to lead its expansion in Asia, strengthening its presence in the region. This move could challenge local payment providers and accelerate innovations in cross-border payments. For payments executives, this expansion highlights the competitive landscape in Asia, where local players must adapt quickly to retain market share. Ebanx's success may prompt further investment in cross-border capabilities from other fintechs.

Source: Finextra
№05

Remitly Closes Israeli R&D Hub, Cuts Jobs

Remitly is closing its Israeli R&D hub, resulting in 110 job cuts as part of a strategic shift. This decision may weaken Remitly's innovation capacity but could streamline operations and reduce costs. The impact on the remittance market could be significant, as reduced innovation may hinder Remitly's ability to compete effectively. Other players in the space should watch closely, as this could signal a trend toward consolidation and cost-cutting in the industry.

Source: Finextra
The Long Memory
“Did you know that the first credit card was made of cardboard? Diners Club introduced it in 1950 after founder Frank McNamara forgot his wallet at a restaurant, revolutionizing how consumers approached payments.

Filed under: Payments History · The Long Memory

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