News

IPO
Huize’s 40% Rally Leads FinTech IPO Index into Shortened Holiday Week
November 18, 2022

Not everything was about crypto-land these past several days in the tech space.  Of course, you’d be hard-pressed to think that anything happened other than FTX’s meltdown, bankruptcy filing, and seismic shock to the issuers and users of bitcoin and stablecoins. But then again, earnings...

Retail
Demand for Brand Authenticators Rises Amid Growing Threat of Counterfeits
November 17, 2022

Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement Specialist” or “Handbag Authenticator” as the resale sector widens its crackdown on knockoffs. A quick web search finds job openings...

Delivery
UK Shoppers’ Preference for At-Home Delivery Is 10% Stronger Than Average
November 17, 2022

In this age of convenience, options such as at-home delivery that enable consumers to save time and costs by easily comparing prices between brands continue to gain traction across markets. In the U.K. it’s an even bigger deal as preference for shipping eCommerce purchases directly...

Retail
National Retail Solutions, Uber Partner on Delivery for Neighborhood Stores
November 17, 2022

Point-of-sale (POS) platform operator National Retail Solutions (NRS) and Uber Technologies have partnered to facilitate delivery from participating NRS local retailers and bodegas.  The partnership will offer Uber Direct’s same-day delivery service to independent retailers operating the 17,000 stores that use NRS’ POS terminals, the...

Retail
Big Box Retailers Target and Walmart Woo Higher-Income Grocery Shoppers
November 17, 2022

In this week’s grocery roundup, superstores set their sights on big spenders, Grab grows its grocery presence, and supermarket spending is rising. Mega-retailer Target discussed Wednesday (Nov. 16) on a call with investors about its third-quarter results that food spending is growing across income groups. Christina Hennington, executive vice...

Retail
Winn-Dixie Owner Southeastern Grocers Considers Sale
November 17, 2022

Nearly one year after cancelling its plans to go public, Florida-based supermarket chain owner Southeastern Grocers is reportedly considering an outright sale of the company. The company, which owns and operates about 420 Southern grocery stores under three different brands, is currently in talks with...

International
Only 20% of Direct-to-Consumer Merchants Sell to APAC Consumers
November 17, 2022

Direct-to-consumer (D2C) businesses may not have much of a presence in the Asia Pacific (APAC) area, but with significant investments planned in the near future, D2Cs are poised to grow dramatically in the region even within the next year. For the PYMNTS study “The Emerging...

B2B Payments
Finzly Launches Treasury Management Platform for Global Banking
November 17, 2022

FinTech Finzly has released an advanced version of its treasury management platform that enables banks to offer their business, commercial and corporate clients global transaction banking features. The new Experience Hub can be added to existing digital banking platforms or offered as the primary digital...

International
Millions Committed to Green Tech, Circular Economy Initiatives as COP27 Ends
November 17, 2022

As world leaders prepare to wrap up negotiations at the COP27 climate summit in Egypt on Friday (Nov. 18), climate tech investment deals signed by participants mark some of the major successes of the nearly two-week event. For example, the European Investment Fund (EIF), a...