“In the world of payments,” Schalk Nolte, CEO of Entersekt, said to PYMNTS, authentications for internet-based commerce and mobile banking “have not been connected at all.” A consumer can, with that fragmentation, have a multiyear relationship with a bank, but when it comes time to...
TikTok is reportedly investing $1.5 billion in Tokopedia to salvage its Indonesian eCommerce efforts. The company is set to take a controlling 75.01% stake in Tokopedia, the eCommerce arm of Indonesia’s GoTo Group, according to a letter Monday (Dec. 11) to GoTo investors seen by the Financial Times (FT). Under the deal,...
SoundHound is acquiring SYNQ3, a company providing restaurants with voice artificial intelligence (AI). “The deal will make SoundHound the preeminent U.S. provider of voice AI for restaurants, significantly extending its market reach by an order of magnitude to over 10,000 signed locations and accelerating the deployment of leading-edge generative...
The Federal Trade Commission (FTC) is reportedly continuing its legal battle to challenge Microsoft’s acquisition of Activision Blizzard, the maker of popular video game franchise “Call of Duty.” The FTC argues that the deal raises serious competitive concerns and could lead to Microsoft dominating the...
J.P. Morgan Chase has retained 90% of First Republic’s clients after acquiring the bank in a government-led auction earlier this year. The achievement reflects J.P. Morgan’s ability to maintain relationships with former First Republic clients and provides an opportunity for further growth, Marianne Lake, J.P....
Paylocity, a cloud-based human resources and payroll software solutions company, acquired headcount planning firm Trace. The move will enable Paylocity to expand its platform and offer labor planning tools to model, forecast, implement and analyze headcount decisions, the company said in a Monday (Dec. 4)...
French payment processing company Worldline experienced a surge of nearly 12% in its shares Friday (Dec. 1) following a report that French lender Credit Agricole is considering acquiring a stake in the company. The move by Credit Agricole is seen as an attempt to stabilize...
Pet care marketplace Rover is set to be acquired by private equity firm Blackstone for $2.3 billion. “We are thrilled for this next chapter in the Rover story and look forward to the partnership with the Blackstone team, who share our conviction, excitement and strategic vision,” Aaron Easterly, co-founder and...
Stability AI, a British artificial intelligence (AI) startup, is reportedly considering selling the company amidst mounting pressure from investors over its financial position. The London-based firm has engaged in preliminary discussions with multiple companies, positioning itself as an attractive acquisition target, Bloomberg reported Wednesday (Nov. 29), citing...
