Новости за 15.07.2024

Lloyds is reportedly telling staff to reduce their use of taxis and business class flights. It’s part of the British banking giant’s attempt to cut costs amid a $5 billion strategic overhaul, the Financial Times (FT) reported Monday (July 15). To that end, Lloyds is making a “few adjustments” to its travel policy to slash […]

As social commerce comes to occupy a growing role in retail overall, Generation Z consumers are the most likely to seek shopping inspiration from influencers. By the Numbers The PYMNTS Intelligence special report “Generation Zillennial: How They Shop” is based on responses from more than 3,600 U.S. consumers, seeking to understand how shopping habits differ […]

Boutique investment bank Ardea Partners is reportedly planning to expand in the U.K. As the Financial Times (FT) reported Monday (July 15), the New York-based Ardea is growing its London office with the recent hiring of Sir Ian Cheshire, who is chair of broadcaster Channel 4 and property group Land Securities, as a senior adviser. […]

Artificial intelligence software company C3 AI has a new application designed for government agencies. C3 Generative AI for Government Programs uses generative AI to help federal, state and local governments inform the public about a variety of programs, according to a Monday (July 15) press release. “Understanding and accessing vital services and benefits programs can […]

The Macy’s board of directors has unanimously decided to end acquisition talks with Arkhouse Management and Brigade Capital Management. The decision follows more than seven months of engagement that included a due diligence process, Macy’s said in a Monday (July 15) press release. “At this time, after careful review, we have concluded that Arkhouse and Brigade’s proposal lacks certainty […]

Two United Kingdom regulators have begun gathering information on the benefits and risks of digital wallets for people and businesses. The Payment Systems Regulator (PSR) and Financial Conduct Authority (FCA) launched a joint call for information “from a wide range of stakeholders,” according to a Monday (July 15) press release. After analyzing all the responses they receive, the regulators […]

OneStream is attempting to raise $465.5 million in an initial public offering (IPO). The cloud-based enterprise finance platform revealed its plans in a filing with the Securities and Exchange Commission Monday (July 15). OneStream and its shareholders — including investment group KKR — are offering 24.5 million shares for $17 to $19 each. Based in […]

Artificial intelligence (AI) is set to change the health insurance industry, potentially slashing costs and boosting revenues for payers grappling with economic pressures. As insurers face rising medical service utilization and provider costs and tightening Medicare Advantage reimbursements, AI and automation technologies offer a possible solution to improve efficiency and profitability. Payers could reportedly achieve […]

Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing. Its latest earnings results, released Monday (July 15), show that “substantially all” of the Marcus loans were sold a year ago. As PYMNTS reported earlier this year, independent digital investment advisor Betterment reached an agreement with Goldman Sachs […]

Transend and Midland States Bank have partnered to help suppliers offer their commercial customers instant access to working capital at the point of commerce. The companies will offer these dynamic payment solutions by leveraging Transend’s B2B private-label working capital solution, they said in a Monday (July 15) press release. “To partner with such a forward-thinking community bank as […]

The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out, Bloomberg reported Monday (July 15), citing unnamed sources. The venture capital firm is offering $27.51 for Stripe shares and will purchase up to $861 million in shares. Stripe is one […]

Adaptive raised $19 million in a Series A funding round to scale its artificial intelligence-powered financial platform for businesses in the construction industry. The platform was launched in February 2023 and now has more than 280 construction companies managing over $1.4 billion of project volume on the platform, Adaptive said in a Monday (July 15) […]

Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected to take on that role Sept. 30, Citi announced Monday (July 15) in a news release emailed to PYMNTS. “James is an experienced banking leader with a proven track record […]

Banks in Australia are issuing $19 million in refunds to low-income customers. The move follows an investigation by the Australian Securities and Investment Commission, which said in a Monday (July 15) press release that it determined four of the country’s banks “systemically charged high fees to those customers who could least afford it.” A report […]

The impact of the hack on car dealership software firm CDK Global continues to reverberate. AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share. The company said in a Securities and Exchange Commission (SEC) filing that […]

Truckin Digital added an integration with Intuit QuickBooks Online to its enterprise resource planning (ERP) Software-as-a-Service (SaaS) cloud solution for trucking companies. By combining with Intuit’s online accounting software, Truckin Digital offers a connection between dispatch operations and financial management that eliminates the need for duplicate data entry and reduces the risk of errors, the […]

 Visa has teamed with WireX to promote the use of digital currencies in Europe and the UK. “This collaboration will explore new opportunities to leverage and integrate innovative Visa cards and reduce friction in payment experiences,” the companies said in a news release Monday (July 15). “By combining the strengths of both companies, consumers will […]

A Polish regulator fined PayPal $27.3 million over allegedly “unprecedented” user agreement violations. The Office of Competition and Consumer Protection (UOKiK) said in a Monday (July 15) press release that it determined PayPal’s contract language did not inform consumers which activities could cause them to incur penalties. “The nature of the violations is unprecedented,” said […]

iPhone sales stabilized in the second quarter amid growth in the broader smartphone market. New data released Monday (July 15) by IDC shows a 6.5% increase in global smartphone shipments, while Counterpoint Research — published Monday as well — found a 6% increase in phone sales to consumers. “Apple’s momentum in Q2 improved significantly from […]

All the innovation in the world changes nothing if it fails to meet the needs of end-users. And against a backdrop where expectations around payments convenience, speed, security and, increasingly, personalization have never been more heightened, innovation within the payments space is vital to both integrate and unlock these benefits. “The payment space is rapidly […]

Earnings season is in full swing, as big banks – specifically, JPMorgan and Citigroup – helped sway the fortunes of the CE 100 Index. The Index was up 1.3% for the week, as the bank earnings detailed relative strength in consumer spending, though company management at Citi and at JPMorgan took note of pressures facing […]

Driven by widespread access to high-speed broadband and advanced mobile networks, the U.K. boasts a population deeply engaged with the digital world. From video streaming taking the top spot to online banking, mobile gaming, messaging and social media following closely behind, the U.K. thrives in a connected landscape. As a result of the its digital […]

Consumers want what they want, how they want it. Consequently, when it comes to payments and commerce, businesses that can adapt to their needs and offer convenient ways to pay are best positioned to win in the long run. Case in point: digital wallets. The concept has been central to this evolution toward offering convenience […]

Customer expectations are perpetually evolving — meaning the experiences they are offered should, too. Innovation is the key to staying ahead, especially within the digitally transformed retail landscape. Against that backdrop, geolocation technology, once a novelty, has now become a powerful tool for enhancing customer experiences in retail. This isn’t the geolocation of a decade […]

Months after Apple debuted the iPad, the tablet had more than 20,000 apps. The company’s Vision Pro headset, now five months old, has a tenth of that figure. And that could be a problem for Apple as it expands sales of its “spatial computing” product into Europe, Ars Technica reported Friday (July 12), with the […]