Новости за 19.08.2024

Citi and Network International have formed a referral agreement in which Network will provide omnichannel payment acceptance solutions to the bank’s large enterprise customers across the Middle East and Africa (MEA). Network International’s payment platform offers a variety of payment methods, enhanced transaction efficiency, increased security and seamless payment integration capabilities, the companies said in […]

Bernard Arnault, founder and CEO of luxury goods company LVMH and the fourth-richest person in the world, has reportedly made several investments in artificial intelligence (AI) companies. Arnault’s family office, Aglaé Ventures, has made five AI-related investments in 2024, CNBC reported Monday (Aug. 19), citing data provided to it exclusively by private wealth intelligence platform […]

Rapid innovation cycles can often outpace the ability of risk management frameworks to adapt. This is being made evident across the banking-as-a-service (BaaS) landscape, where the discrepancy between financial innovation and regulatory compliance can harbor unforeseen risks, as recent marketplace events have shown, and as experts have highlighted to PYMNTS. Central to the innovation-regulation gap […]

In the competitive arena of international fashion, Mango and Farm Rio are each pursuing distinct strategies to capture the U.S. consumer market. Both brands, hailing from different points on the globe — Mango from Barcelona and Farm Rio from Rio de Janeiro — are leveraging their unique identities while adapting to local tastes and trends […]

FlexShopper’s lease-to-own (LTO) services are now available in PayTomorrow’s flexible financing platform. This collaboration enables retail merchants to offer more consumer financing options to their customers, the companies said in a Monday (Aug. 19) press release. “Our combined strengths will empower merchants to cater to a broader customer base, from prime to nonprime consumers, fostering increased sales […]

General Motors laid off over 1,000 salaried employees in Software and Services, its division focused on infotainment, OnStar, subscriptions and other emerging features. The employees impacted by the layoffs were notified Monday (Aug. 19), CNBC reported, citing unnamed sources. GM confirmed there had been layoffs but did not disclose the number, according to the report. […]

In an era where artificial intelligence is reshaping industries and daily life, a new frontier is emerging: Emotion AI, also known as affective computing. This technology aims to bridge the gap between human emotions and machine intelligence, changing how we interact with computers and digital systems. Emotion AI encompasses a range of technologies designed to […]

For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps, will give banks a run for their money (literally). The company said in a blog post on Thursday (Aug. 15) that it would debut personal accounts for its users, and, […]

Regional banks in the United States are reportedly actively pursuing mergers and acquisitions to strengthen their balance sheets and enhance their competitiveness in the face of challenges posed by elevated interest rates, increased competition for deposits, and losses on commercial real estate loans. This wave of consolidation within the sector has gained momentum, with a […]

The freight market makes the world’s trade and commerce go ’round. And, if the Monday (Aug. 19) second-quarter 2024 earnings call from freight booking and payment platform Freightos is any indication, digital transformation is increasingly what makes the freight market itself move. The company hit new quarterly records for transactions, gross booking value (GBV), revenue […]

Startup failures in the U.S. have surged by 60% in the past year, posing a threat to millions of jobs and potentially impacting the wider economy. Data from Carta, a provider of services to private companies, reveals that 254 venture-backed clients went bankrupt in the first quarter of 2024, a rate more than seven times […]

Death and taxes have long been life’s unavoidable realities. Now, add to that list the rising prevalence of cyberattacks — and the growing imperative for businesses to defend against them, especially in B2B payments. “You’re only as secure as your weakest link,” Chris Wyatt, chief strategy officer at Finexio, told PYMNTS for the series “What’s […]

In today’s hyper-connected operating environment, the question is not if a business will face a cyberthreat, but when. “Security events and security alerts are something we deal with every single minute of every day,” David Drossman, chief information security officer at The Clearing House (TCH), told PYMNTS for the series, “What’s Next in Payments: Protecting […]

In the global view, small businesses aren’t so small. They represent 90% of all businesses and more than 50% of employment globally. And in emerging markets, they are contributing 40% of GDP. Those stats from the World Bank underscore the need for these smaller companies — the sole proprietorships, the Main Street shopfronts, the firms […]

The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses conduct financial transactions are not moving at the same pace. A recent PYMNTS Intelligence report, “Moving Faster Than Ever: Real-Time Payments in the Transportation Industry,” in collaboration with The Clearing […]

Earnings were everywhere this past week, propelling the CE 100 Index 4.7% higher, and any losses seen among our names were negligible.  In fact, most of those declining stocks slipped less than 1%, except Tencent, which was down double digits. Vroom shares rallied by nearly 64%, driving the Shop segment of the CE 100 Index […]

Is Starbucks’ mobile app the company’s greatest weakness? Former CEO Howard Schultz has said as much, per a recent podcast appearance. And it’s something new CEO Brian Niccol will likely tackle first when he takes the helm at the coffee chain next month, CNBC reported Sunday (Aug. 18). According to that report, both investors and […]

This year is shaping up to be a painful one for people working in tech. As Seeking Alpha noted in a report Sunday (Aug. 18), layoffs in the tech space accelerated this month, with Cisco and Intel announcing the elimination of close to 21,000 jobs. Cisco last week said it was embarking on a restructuring […]

Economists at Goldman Sachs have lowered the likelihood of a U.S. recession. As Bloomberg News reported Saturday (Aug. 17), the banking giant now gives an economic downturn a 20% chance of happening, down from 25%, based on recent retail sales and unemployment claims data. And assuming the next jobs report — set to be released […]

Early-stage investment operation HIPstr has closed its $100 million debut fund. The company, launched by private equity executives David Moross and Mark Bezos — half-brother of Amazon founder Jeff — is an arm of HighPost Capital.  “We launched HIPstr to capitalize on an attractive market opportunity driven by a reset in early-stage company valuations alongside […]

“Once somebody has your specific iris picture, you’ll never have the possibility to stay anonymous.” That’s Michael Will, head of Bavaria’s data regulator, speaking to The Wall Street Journal (WSJ) Sunday (Aug. 18) about concerns over Worldcoin’s iris-scanning technology.  As that report noted, Germany is far from alone in its concern, with more than a […]

Many small businesses are still grappling with the best ways to use generative artificial intelligence (AI). But as The New York Times (NYT) reported Sunday (Aug. 18), generative AI, or GenAI, has been a “game changer” for some small business owners, helping them do chores like write code, edit copy and understand legal complexities and […]

The future of the digital euro could be decided next year.  But as Bloomberg News reported Sunday (Aug. 18), many people in Europe’s largest economy have already made up their minds about the concept of a central bank digital currency (CBDC). According to that report, about half the people in Germany say they can’t even […]