Retailers are entering that time of the year where high temperatures settle over just about every part of the continental U.S., so blaming poor sales on equally poor weather won’t be a viable tactic much longer. No, now that May has given way to June,...
When a retailer goes under, it’s usually a problem for that company and its investors alone. A mom and pop shop putting a “Going Out Of Business” sign on its front door might send ripples down Main Street, but mom and pop shops and their...
If you don’t plan your trip before hitting the road, you might get lost. The same applies to risk teams in automating their underwriting processes. A lot of them are in a rush to do so … but those that do not first establish a...
When it comes to retail bankruptcies, do you want the good news or the bad news first? The good news: In a marked departure from the months preceding it, no major retailers filed for bankruptcy protection this week. The bad news: Plenty of brands are still teetering on...
This time last year, U.S. companies were going bankrupt at a rate nobody had seen in half a decade. More than 26,000 companies bit the bullet in Q1 2015, giving pundits reasonable cause to worry about the future solvency of the organizations that remained. Over the next...
The role of chief risk officer is an ever-evolving one and calls for a comprehensive understanding of the threats facing a business, as well as how to best communicate the methods for addressing them. PYMNTS caught up with Umer Ayub, vice president of global risk...
Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today. In his remarks, Rosengren noted that while many of the economic concerns from earlier...
Bringing (good) customers on board can be a cumbersome process — even when it’s done right, there’s always the risk of letting fraudsters slip through the cracks. Merlin Bise, co-founder and CTO of GIACT Systems, shared with PYMNTS how the use of real-time intelligence can...
Banks may face tougher guidelines when it comes to how much they are required to spend to cover the risks that cyberattacks, fraud and fines pose to their operations. Last last week, Reuters reported that global regulators are proposing these rules to inhibit financial institutions...
