July 12, 2024
Report: StubHub Delays IPO Amid Unpredictable Market
StubHub has reportedly delayed its initial public offering (IPO) until at least September, joining several other companies that have done so because of an unpredictable market. Before adjusting its timing,...
July 12, 2024
Nala Raises $40 Million to Expand Consumer Business Beyond Africa
Nala raised $40 million in a Series A funding round to expand its consumer business beyond Africa and to build its B2B payment platform for Africa. The new offerings will expand...
July 12, 2024
Trending: Banking Execs Warn House Financial Services Hearing of Regulatory...
Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts may be too vague, critics...
July 12, 2024
BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
German financial regulator BaFin said Friday (July 12) that Solaris SE faces financial penalties if it doesn’t improve its controls. Solaris, which has a banking license in Germany but focuses on providing white-label...
July 12, 2024
AT&T Says Call, Text Records of ‘Nearly All’ Customers Stolen
AT&T said Friday (July 12) that records of calls and texts of nearly all its wireless customers and others using its network were stolen in a cybersecurity incident. The stolen...
July 12, 2024
FinTech IPO Index Surges 3.5% on Partnership Announcements Ahead of...
Earnings season’s about to begin – on Friday, but the FinTech IPO Index’s 3.4% rally these past five sessions came amid several new partnership announcements. Upstart Leads the Momentum Upstart...
July 11, 2024
Flipkart Adds New Bill Pay, Recharge Options to eCommerce Platform
Walmart-owned Indian eCommerce marketplace Flipkart added new ways for customers to pay bills and recharge payments while shopping on the platform. The company has added FASTag, direct-to-home recharges, landline, broadband...
July 11, 2024
Apple and Samsung’s AI Features May Be Boon for Mobile...
Artificial intelligence (AI) features in new smartphones from Samsung and Apple signal a shift that could alter user interactions and mobile commerce. Samsung set the stage at its Galaxy Unpacked...
July 11, 2024
Bank of Israel Remains Uncertain About Potential CBDC
The Bank of Israel reportedly plans to wait until another advanced economy launches a central bank digital currency (CBDC) before introducing one of its own. The European Central Bank (ECB)...
Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into effect in 2024. In the “FinTech Tracker®,” a collaboration with Sezzle, PYMNTS examines what will be required as banks and FinTechs will rely on each other for data sharing and compliance.
One-Third of Credit Union Members Would Leave for Better Credit Products
Consumers are on the hunt for better access to credit and financing, and they’re not afraid to shop around to find the FI providing the lowest rates and most convenient offerings. PYMNTS’ latest study of more than 4,000 consumers and 154 FinTech and CU execs reveals what CUs can do to win — and keep — consumers’ business. Read more in Credit Union Innovation: How Credit Products’ Rates and Terms Impact FI Selection,” a collaboration with PSCU.