Unions in the United Kingdom want the country’s banks to be ready to retain workers displaced by artificial intelligence. At the U.K.’s Trades Union Congress next month, labor organizations will call on lenders, insurance and accounting firms to be prepared to assist millions of workers...
Galileo Financial Technologies now enables its FinTech clients to connect their business customers to Mastercard’s expense reporting and analytics suite, Mastercard Smart Data. The offering allows businesses to better manage their corporate expenses by integrating detailed transactional data directly from Mastercard, Galileo said in a...
There’s a chorus growing among companies that want to go public: Wait until next year. The 2024 initial public offering (IPO) market rebound that bankers and executives hoped for hasn’t been realized, leaving them to hold out hope for 2025, The Wall Street Journal reported...
Klarna saw revenues climb in the first half of 2024 amid preparations to go public. The Swedish buy now, pay later (BNPL) provider released half-year earnings Tuesday (Aug. 27) showing revenues increasing 27%, while adjusted profits increased to $66 million, compared to an adjusted loss...
In today’s financial services arena, embedded finance and banking-as-a-service (BaaS) have emerged as transformative forces, redefining the way banks and financial institutions (FIs) engage with consumers and businesses. At the core of this shift is the use of application programming interfaces (APIs), which enable smooth...
Retailers are facing mounting pressure from the costs associated with returns, but they are also discovering ways to turn this challenge into an opportunity for growth, Catherine Dummitt, VP of marketing at Narvar, told PYMNTS. Balancing the expense of returns with potential revenue involves a...
The Consumer Financial Protection Bureau (CFPB) rule requiring lenders to gather demographic information about small business borrowers has leapt another legal hurdle. A federal judge rejected a banking industry-backed challenge that argued that the rule’s data collection method was flawed, Reuters reported Monday (Aug. 26). U.S. District...
Chanel has reportedly launched a watch that is worn as a necklace and includes integrated wired headphones, a microphone and remote control. When connected to the user’s smartphone, the Première Sound enables taking calls, listening to music and controlling audio and video playback, Jing Daily reported...
Venture capital group G Squared has reportedly raised $1.1 billion for its latest fund. The firm aims to tap into increasing investor demand for G Squared’s strategy of buying pre-existing stakes in start-ups, the Financial Times (FT) reported Monday (Aug. 26). As that report noted,...
