The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not on the level. The Federal Trade Commission (FTC) is taking Delaware-based Dave Inc. to court, according to a Tuesday (Nov....
Digital transformation for banks and credit unions in the U.S. is ripe with opportunities, some of which can strengthen customer relationships in ways that only a few years ago would have been scarcely imaginable. With the help of artificial intelligence (AI), direct connections and instant...
Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states in which they are doing business, another reporting season stretches into November, where they must review records for unclaimed funds...
The mall, once seen as a relic of a bygone retail era, is once again gaining relevance — especially as younger consumers rediscover its value, according to David Simon, CEO of real estate investment trust Simon Property Group. “The mall continues to be a unique gathering...
Traditionally characterized by clunky checks, faxed invoices and siloed financial functions, the B2B landscape is being reshaped by digital innovation. The monthlong PYMNTS event, “B2B Payments: Outlook 2030,” has revealed that the transformation of B2B payments is being led by four themes: the digitization of B2B payments,...
The head of Associated British Foods has predicted rising confidence among lower-income consumers. As the Financial Times (FT) reported Tuesday (Nov. 5), George Weston made this forecast in light of the Labour government’s budget, while also predicting that his company would be set back by...
The digital equivalent of rummaging through clothing racks may soon become a relic as ThredUp rolls out artificial intelligence to transform the happily chaotic world of thrifting into a precision-targeted retail experience. The technology promises to match millions of unique items with potential buyers by...
Digital transformation holds promise for banks, but it could also give them pause. The traditional route, upgrading legacy systems and on-premise technology — going it alone, so to speak — is rife with friction and heavy upfront investment. There’s a long runway in tailoring online...
Successful collaborations between traditional financial institutions (FIs) and FinTechs rest on one shared goal: offering end-users the best of both worlds. FinTechs bring speed and innovation, enabling things like real-time payments and access to funds, while FIs and credit unions contribute trust and regulatory expertise....
