May 31, 2024
AI and Antitrust Considerations in U.S. Health Care
Artificial Intelligence – the “new new thing” in antitrust law – continues to permeate the health care industry in the United States. Competition law requires both awareness of the risk...
May 31, 2024
FinTech IPO Index Gains 1.2% as MoneyLion and Sezzle Surge
Earnings dragged down several names in the FinTech IPO Index, but the overall performance was positive, up 1.2%. A few double-digit gainers led the way. MoneyLion shares gained more than...
May 30, 2024
Jio Financial Services Launches Digital Banking App in India
Jio Financial Services launched its JioFinance app in beta mode, saying it aims to advance digital transformation and enhance the “financial well-being of every Indian.” The app aims to facilitate...
May 29, 2024
DOJ Leads Takedown of ‘Likely the World’s Largest Botnet Ever’
In a big victory against cybercrime, the U.S. Justice Department, in collaboration with international law enforcement agencies, recently conducted a successful operation to dismantle a notorious botnet known as 911...
May 29, 2024
Goldman Sachs Alternatives Raises Largest Loan Partners Fund Since 2008
Goldman Sachs Alternatives raised more than $20 billion for senior direct lending. The total includes $13.1 billion in its West Street Loan Partners V fund, $7 billion in large-cap senior...
May 28, 2024
Volatility and Uncertain Access to Capital Roil Direct to Consumer...
For direct to consumer companies, volatility may be the key certainty in an uncertain environment. The latest evidence came amid reports from The New York Times and other sites that...
May 28, 2024
Banco Inter to Gain Full Ownership of Merchant Acquirer Granito
Brazilian bank Banco Inter, a business unit of Inter&Co, plans to acquire the remaining 50% of merchant acquirer Granito, giving it full ownership of the company. Granito, which provides financial services to more...
May 27, 2024
Insurance Provider Apollo Forms Subsidiary to Offer BNPL in Canada
Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to launch a wholly owned subsidiary that will allow Canadians to use buy now, pay later...
May 27, 2024
On the New Administrative Law of Broadband Classification
The Federal Communications Commission’s powers to classify and regulate broadband internet access service rest upon some basic precepts of administrative law. But as the Commission revisits the regulatory classification of...
Instant insurance payouts benefit both customers and carriers by enhancing both speed and efficiency, but barriers such as costs and complexity are blocking the way to their adoption — especially for smaller insurers. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explains how insurance companies are jumping these hurdles by collaborating with FinTechs to facilitate instant payments implementation.
Consumers increasingly want to receive insurance disbursements instantly, yet insurers are sending instant payments less. PYMNTS Intelligence’s latest 22-page report, “Generation Instant: Growing Use of Instant Pay for Insurance Disbursements,” a collaboration with Ingo Payments, contains five charts revealing how this mismatch in demand and supply presents a missed opportunity for insurers to improve customer satisfaction.