Financial Institutions says it’s getting out of the banking-as-a-service (BaaS) business. The bank holding company, owner of Five Star Bank and Courier Capital, announced Monday (Sept. 16) it would begin “an orderly wind down” of its BaaS offerings. CEO Martin Birmingham said the change follows...
As open banking begins to reshape the financial landscape, the promise of enhanced consumer experiences and innovative services looms large. But a PYMNTS Intelligence report, “Can Banks and FinTechs Bridge the Divide to an Open Banking Future?,” created in collaboration with NCR Voyix, shows why the...
Mondu said its new Stripe integration allows business-to-business (B2B) merchants and marketplaces to offer Mondu’s buy now, pay later (BNPL) options through their existing Stripe setup. This “Mondu via Stripe” offering is now available to businesses in the Netherlands, Germany and France, and will expand...
Rappi reportedly expects to be in a position to launch an initial public offering (IPO) within the next 12 months. The Colombia-based startup, which offers delivery services in nine countries and is one of Latin America’s most valuable startups, has seen its revenue double over...
Dollar General’s second-quarter results show the impact of inflation on its primary customer base, and the retailer is doubling-down on in-store experiences to attract shoppers. CEO Todd Vasos acknowledged that the company’s performance fell short of expectations, attributing it to rising prices and tightened consumer...
There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce. Underpinning that is the emerging need for a digital identity layer. With the news that Google Wallet on Thursday (Sept....
Two U.S. lawmakers want the Government Accountability Office (GAO) to help them evaluate the memberships of federal banking agencies in a global governance body, the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The NGFS is a group of central banks...
Creator commerce platform LTK has introduced a suite of business management tools. LTK Co-Pilot, announced Monday (Sept. 16), is designed to allow creators to spend less time on content creation and community management. “The job of a creator is never-ending and incredibly time-consuming — they are often covering what...
Walmart has introduced its “Nuevolution” line, products that “celebrate visionary creatives shaping culture.” The new initiative was announced Monday (Sept. 16) as Hispanic Heritage Month got underway in the U.S. “The Nuevolution Project is a collection of products that embody the evolving and never-ending vision of Hispanics shaping...
