Новости за 23.02.2024

Web3 advisor, venture builder and investor Coinsilium Group teamed up with global trade exchange platform LC Lite. The partnership will see Coinsilium providing strategic advisory services for LC Lite’s upcoming token launch, Proactive Investors reported Tuesday (Feb. 20). LC Lite, which was acquired this month by Incomlend, a regulated global invoice finance marketplace, aims to […]

Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75 million and $100 million and lift Moove’s value from its current $650 million to about $750 million, Bloomberg reported Friday (Feb. 23), citing unnamed sources. The talks are ongoing and […]

Ondo Finance and Aptos Foundation partnered on the integration of real-world assets with blockchain technology. Beginning with the integration of Ondo’s tokenized U.S. Treasuries product, USDY, onto the Aptos blockchain, the partnership sets the stage for a series of financial products using the strengths of both organizations, the companies said in a Thursday (Feb. 22) […]

As social media companies look for new ways to leverage contextual commerce to drive revenue, Pinterest is launching its first shoppable streaming series.  The company recently announced the launch of Deliciously Entertaining, in partnership with lifestyle media company Tastemade, with an influencer host and select celebrity guests, that includes “an actionable and shoppable experience on Pinterest.” […]

The world’s largest mobile phone fair will kick off on Monday (Feb. 26), with the industry turning to artificial intelligence (AI) to kickstart sales and excite users.  The Mobile World Congress (MWC) in Barcelona, Spain, is expecting 95,000 attendees and 2,400 exhibitors worldwide for an event that lasts until Thursday (Feb. 29). The impact of […]

Grab Holdings, the Southeast Asian ride-hailing and delivery specialist, reportedly aims to achieve full-year profitability by focusing on organic growth and investing in artificial intelligence (AI) technologies. The company is committed to building new products and capabilities to ramp up growth in the coming years, Chief Financial Officer Peter Oey told The Wall Street Journal […]

CAB Payments announced a CEO transition, with Neeraj Kapur set to succeed Bhairav Trivedi March 26. Trivedi, who has been CEO for three years, will help with the transition and will then take on a new role at CAB Payments: senior adviser to the board, the company said in a Friday (Feb. 23) press release. […]

Any innovation worth its salt will bring with it a fair share of questions. And one of the biggest questions surrounding artificial intelligence (AI) was whether the ongoing hype would turn into real, tangible market value.  This week, those questions were put strongly to bed by Nvidia’s Wednesday (Feb. 21) earnings report. The one-time video game […]

The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments Interface (UPI) channel. The move is meant to enable continued operation of the Paytm app after RBI placed business restrictions on Paytm Payments Bank, RBI […]

UnitedHealth Group’s Change Healthcare continues to work to restore systems and resume normal operations after a cyberattack. “The disruption is expected to last at least through the day,” the company said in an update posted Friday (Feb. 23) at 9:54 a.m. Eastern time. “We will provide updates as more information becomes available.” Change Healthcare posted […]

In what could be one of the largest acquisitions of the decade, Capital One recently announced it wants to purchase Discover Financial in a deal valued at more than $35 billion. If regulators approve the deal, it will bring together two of the largest U.S. credit card issuers, resulting in a global payments platform that […]

Swiss National Bank (SNB) Vice Chairman Martin Schlegel said Friday (Feb. 23) that physical cash will never disappear from use in Switzerland, despite the popularity of payment apps. Speaking at an event, Schlegel emphasized the importance of cash for a large part of the population, citing countries like Sweden where cash usage declined but still […]

If there is one similarity shared by healthcare and payments, it’s the opportunity for innovation. If there is another, it’s that the world can’t operate without them. Taken together, that’s why transformation and growth across both the payments landscape and the healthcare marketplace is so important, and so valuable. It’s also why PYMNTS CEO Karen […]

In contrast to typical business loans or personal sources of financing, business cards offer multiple benefits for small- to medium-sized businesses (SMBs). These benefits include easier qualification than bank loans, higher credit limits and other various perks. According to a recent poll, more than 9 in 10 new business owners who used business cards as […]

As Walmart and Amazon compete for consumers’ health and personal care spending, Walmart is seeing growth — but maybe not enough to hold its lead as Amazon rapidly gains share in the category. Walmart shared in an investor presentation accompanying its fourth-quarter fiscal 2024 earnings report Tuesday (Feb. 20) that health and wellness sales were […]

False declines, which cause friction in the payment process, have a detrimental effect on transaction success rates and discourage customers from returning.  According to findings detailed in “Fraud Management, False Declines and Improved Profitability,” false declines put a staggering $157 billion at risk in the United States alone in 2023, with an estimated $81 billion ultimately […]

Earnings season moves on, and in some cases, results underwhelmed investors — and forward-looking guidance — sending shares down significantly and the FinTech IPO Index as well. Upstart and Open Lending shares sank in the wake of reports that gave the nod to macro pressures and current quarter guidance that underwhelmed investors. Upstart Technologies shares […]

Technological solutions are driving cost reductions and higher customer satisfaction at Carvana. The used car retailer has seen results from its latest innovations and is continuing to develop new ones, Carvana executives said Thursday (Feb. 22) during the company’s quarterly earnings call. For example, when sourcing cars for resale, Carvana enables potential sellers to offer their […]

During the first tax season in which they’re being helped by a generative artificial intelligence (AI) assistant, Intuit’s TurboTax customers are enjoying seeing the work done “automagically.” The “helpfulness rating” that customers are awarding to Intuit Assist, the company’s new generative AI-powered financial assistant, is 1.5 times higher than that of earlier solutions, Intuit CEO Sasan Goodarzi said Thursday […]

If Capital One’s planned acquisition of Discover Financial falls through, one firm or the other could pay a termination fee of $1.38 billion. This termination fee will be paid if the deal fails under any circumstance, Reuters reported Thursday (Feb. 22), citing a regulatory filing. The merger agreement provides termination rights for both companies and provides the […]

A U.S. judge has approved bankrupt crypto exchange FTX’s proposal to sell its shares in artificial intelligence (AI) startup Anthropic. The exchange had invested $500 million in Anthropic in 2021, giving it a 13.56% equity stake, which has since been diluted to 7.84% due to fundraising, Reuters reported Thursday (Feb. 22). Despite facing opposition from some customers who […]

Several federal agencies are working with AT&T to identify the cause of a widespread service outage that struck the company’s mobile network Thursday (Feb. 22).  An undetermined number of AT&T customers in the United States were unable to use their mobile phones for a time Thursday as the mobile carrier experienced this service outage. Bloomberg reported Thursday that […]

Bain Capital’s tech fund reportedly stands out from others by not rushing to back the latest artificial intelligence (AI) startups. Darren Abrahamson, a partner on the Bain Capital Tech Opportunities team, told Bloomberg in a report posted Thursday (Feb. 22) that the fund’s focus lies in supporting later-stage companies that are looking to scale and grow […]

Block’s latest earnings show more users opting to use Cash App Cards, an on-ramp to other financial services and products. As noted in the company’s shareholder letter, 2 million actives (3% of total monthly transacting actives) were depositing their paycheck into Cash App each month, relative to 23 million Cash App Card monthly actives (41% of […]

The leisure travel industry is alive and well at Booking Holdings. The parent company of Priceline, Kayak, Booking.com and other connected economy hospitality brands reported record fourth quarter earnings on Thursday (Feb. 22).  Perhaps more importantly, it sounded an optimistic tone for Q1 and the balance of 2024. “Our ambition going forward in a normalized (pre-pandemic) growth […]