Новости за 11.03.2024

Built has expanded its construction and real estate finance platform to meet the needs of real estate owners and developers. The platform now helps these professionals manage budgets, streamline invoicing and compliance, move money and make decisions, Built said in a Monday (March 11) press release. “One of the primary reasons we started Built was to improve […]

As consumers’ omnichannel shopping habits rapidly evolve, retailers and brands are finding shoppable content, such as interactive ads and streaming, could go a long way toward driving conversion. Online merchants are faced with the challenge of preventing customer drop-off at each stage the buying journey. The friction points leading to cart abandonment — a complicated […]

British banking-as-a-service (BaaS) platform Griffin is now officially a bank. The company announced Sunday (March 10) that it had received a banking license after getting approval from U.K. regulators, making it the first BaaS platform in the country to do so. The launch is backed by a $24 million funding round led by MassMutual Ventures, NordicNinja and Breega, with participation from […]

Web3 payments platform Zeebu said it exceeded $1 billion in first quarter transaction volume. “In just seven months following the debut of its on-chain settlement platform, Zeebu swiftly advanced from settling nearly 5,000 invoices totaling over $500 million to surpassing the $1 billion threshold, marking a new era of scalability and efficiency for the platform,” the company […]

If you want to go fast, go alone. If you want to go far, go together. While the origins of that allegedly African proverb appear to be shrouded in uncertainty, the applications of its message have never been more important for the future of today’s chief financial officers (CFOs). As businesses look to leverage an […]

The European Union (EU) is reportedly inching closer to passing legislation on the social and labor rights of millions of gig workers within online platforms. The journey to this point has not been without its compromises and controversies, Reuters reported Monday (Feb. 11). Initially proposed by the European Commission in 2021, the draft rules are intended […]

Consumers have a stable short-term inflation outlook but a cautious view for the medium to long term. While near-term inflation expectations are steady at 3.0%, there’s a slight increase in inflation concerns for three to five years ahead, according to the February 2024 Survey of Consumer Expectations released Monday (March 11) by the Federal Reserve […]

HSBC is reportedly expanding its U.S. commercial banking operations to bolster its startup lending. Wyatt Crowell, head of U.S. commercial banking at HSBC, said in an interview with Reuters Monday (March 11) that the lender plans to recruit around 50 more bankers for his department, aimed at lending to startups in the tech and healthcare fields. “There’s this […]

Mastercard has named former ambassador Jon Huntsman, Jr. as its strategic growth president. “Jon’s unique experience spanning four decades in public and private sectors will be extremely valuable as we build the future of Mastercard,” company CEO Michael Miebach said in a news release Monday (March 11). “He will play a pivotal role in helping advance our approach to commercial […]

Spanish fashion retailer Mango concluded 2023 with a landmark turnover that exceeded 3 billion euros ($3.28 billion) for the first time in its history. The company reported a turnover of 3.104 billion euros ($3.39 billion), marking an increase of 15% compared to the previous year, Mango said in a Monday (March 11) press release. Mango expanded its market […]

Against today’s shifting macroeconomic backdrop, companies are prioritizing their agility and ability to react to unforeseen events. Increasingly, firms are backing that ability up with savvy working capital management strategies that leverage commercial and virtual cards to manage their B2B spend, ensuring that there is enough capital on hand for whatever the marketplace throws their way.  Even […]

Amadeus has acquired Voxel, a B2B payments solution provider for the travel sector. The purchase, announced Monday (March 11) adds Voxel’s eInvoicing and B2B payments tools to the Amadeus portfolio, while helping corporate customers by further automating aspects of the business travel experience like reservation, payments and expense management. “Payments are present at every stage of the travel […]

If there’s a surety in financial services, it’s that hackers and bad actors probe ecosystems and platforms for points of vulnerability, looking for weak links to yield access to data or ways to infiltrate the organizations themselves. Banking as a Service (BaaS) enables nonbanking entities to provide financial services. BaaS also cements new revenue opportunities […]

American Express has partnered with point.me to make it easier for cardholders to find and book flights with their rewards points. Point.me, a points and travel reward search platform, will provide features to help cardholders find flight options with their American Express Membership Rewards points, compare the options across more than 150 airlines, and book the flight […]

Chuck E. Cheese is leveraging paid memberships to drive app engagement, boosting its ability to meet consumer demand for personalized offers. In an interview with PYMNTS following the brand’s launch of family memberships, facilitated through its mobile app, Mark Kupferman, chief insights and marketing officer at the entertainment center and restaurant chain, explained that, in […]

Elon Musk said his artificial intelligence (AI) company xAI will introduce an open-source model. “This week, xAI will open source Grok,” Musk wrote on X (formerly Twitter) Monday (March 11), referring to the AI chatbot he introduced last year.  This week, @xAI will open source Grok — Elon Musk (@elonmusk) March 11, 2024 The announcement comes 11 […]

Thomson Reuters has reportedly amassed $8 billion to invest in the artificial intelligence (AI) space. In an interview with the Financial Times Monday (March 11), CEO Steve Hasker said the company has “tremendous financial firepower” to expand in the realm of AI-driven professional services and information as it prepares to sell the remainder of its holding in the London Stock […]

Klarna has reportedly been fined 7.5 million Swedish crowns ($733,324) after a Swedish court ruled that the company violated the European Union’s (EU) General Data Protection Regulation (GDPR). Sweden’s Administrative Court of Appeal ruled that the provider of payment and shopping solutions gave its clients insufficient information about how it would store their personal data, […]

The holy grail of payments — for merchants, for consumers and financial institutions — has two essentials: Reduced friction, and reduced fraud. Individuals want to be “known” to the entities with which they are engaging — and for the enterprises themselves, “knowing” the customer can bolster trust, so that transactions are approved in seamless fashion. […]

The head of Australia’s Commonwealth Bank says Apple’s in-country payments operations need greater oversight. “They should be subjected to a lot more scrutiny in Australia,” said Matt Comyn, whose comments at a conference in Sydney Monday (March 11) were reported by Bloomberg News. The Bloomberg report notes that this is an ongoing crusade for Comyn, who has advocated for greater competition and […]

Nexi has chosen Mastercard to help it support open banking account-based payments throughout Europe. “Through this partnership, Mastercard Open Banking will facilitate e-commerce payments across Nexi’s gateways serving merchants across Europe,” the companies said in a Monday (March 11) press release. “Together, Mastercard and Nexi will build an integrated digital payment ecosystem by advancing Mastercard Open Banking-powered solutions that offer […]

In 1955, the island nation of Borneo was in the throes of a serious malaria virus outbreak. It turned to The World Health Organization for help. WHO recommended spraying massive amounts of DDT across the island to kill the mosquitos that carried the disease. Borneo sprayed. Mosquitos died. Malaria cases fell dramatically. Soon thereafter, so […]

Credit union (CU) members value the classic benefits associated with CUs, such as lower fees and more access to loan products. Still, PYMNTS Intelligence finds they also show more interest in seamless omnichannel banking, cash management tools and buy now, pay later (BNPL) than non-CU members. Like many digitally savvy consumers, CU members increasingly expect […]

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March 10, 2023, which seems long ago, but the ripple effects are being felt in the here and now. The questions loom large as to what we’ve learned and what we’ve […]

The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today following the FedNow® Service launch stems from the lack of full interoperability between the Federal Reserve’s real-time payment system and the RTP network overseen by […]