As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about worst-case scenarios. The warehouse club retailer is selling a discounted Emergency Preparedness Food Bucket promising 150 just-add-water food and beverage...
The Reserve Bank of India (RBI) said Friday (July 26) that it fined Visa Worldwide Pte. Limited for its use of an unapproved payment authentication solution. “It was observed that the entity had implemented a payment authentication solution without regulatory clearance from RBI,” the central...
U.K. startup Fractile has exited stealth and announced it raised $15 million in seed funding to develop a new artificial intelligence (AI) chip. The company will use the investment to grow its team, build partnership and accelerate its progress to its first products, Fractile said...
The United Kingdom’s National Crime Agency (NCA) and seven U.K. banks are working together to identify and take action against organized crime. In this public-private partnership, the banks are providing the NCA with account data that indicates potential criminality, and investigators from both the NCA...
The United Kingdom’s Financial Conduct Authority (FCA) proposed new rules on publishing a prospectus, raising capital and regulating secondary markets, and finalized new rules on investment research. These rules aim to strengthen the U.K.’s capital markets and its position as a global financial center, the...
Amazon and Walmart are looking to make the online shopping experience more visual in an effort to boost consumers’ eCommerce engagement. Amazon’s Image Searches Amazon, for its part, has been touting its visual search capabilities with its Amazon Lens tool. The eCommerce giant shared in...
The rise of business-to-business (B2B) eCommerce platforms is having a big impact on payments as well as buyer-supplier relationships. These online platforms have shifted transactions from paper-based processes and checks to the digital realm, enabling embedded payments to accelerate transactions and facilitate terms for buyers...
As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the industry, pushing banks to adapt or risk being outpaced by nimble competitors from the Big...
Only one name in the FinTech IPO Index posted earnings this week, as the overall group was down 1.95% through the past five days. Amid the headlines driving stocks higher and lower, the banking/FinTech partnerships and some forays into card-not-present security efforts held sway. We...
