As credit becomes more expensive, businesses need to examine how they manage working capital — and how technology can help them do so. Ron Chakravarti, global head of client advisory, treasury and trade solutions at Citi, told Karen Webster that treasurers can help break down...
Revolut’s struggle to land a U.K. banking license continues to cost the London-based FinTech. Molten Ventures, a venture capital firm that has invested in Revolut, has marked down the value of its stake by 40%, according to its annual report, released Thursday (June 15). Molten...
Sequoia Capital is going to divide itself into three independent companies. No later than March 31, 2024, Sequoia China will become HongShan, Sequoia India/Southeast Asia will become Peak XV Partners and the U.S./Europe business will remain Sequoia Capital, the venture capital (VC) firm said in...
Retail technology company Diebold Nixdorf is seeking bankruptcy protection to reduce debt and stay liquid. The company announced in a Tuesday (May 30) press release a restructuring agreement with debtors that “is expected to significantly reduce debt and leverage levels and provide substantial additional liquidity” to allow the firm...
Las Vegas casinos are focusing on upscale gamblers — and making a record amount of revenue. The amount of gambling revenue brought in by casinos on the Las Vegas Strip hit a record total of nearly $8.3 billion in 2022 — a total nearly 25%...
FICO has added transactional analytics to its platform to help enterprises better understand their customers. That is one of 19 enhancements the firm has made to its applied intelligence platform, FICO Platform, the company said in a Wednesday (May 17) press release. “FICO Platform is uniquely positioned to...
With the return to on-site work, corporate catering is gaining steam. In an interview with PYMNTS, Diane Swint, chief revenue officer at business catering firm ezCater, noted that, even in this inflationary period, demand has not decreased. In fact, order value has grown, with workplaces...
Unit4 has launched a marketplace featuring tools that can be added to its enterprise resource planning (ERP) solutions. The new Unit4 Marketplace showcases apps from the company’s independent software vendor (ISV), reseller and service partners and makes it easy for its ERP customers to find...
Treasury departments are grappling with dynamic interest rates, tight labor markets and supply chain shocks. Josh Comer, head of global liquidity solutions for commercial banking at J.P. Morgan, told PYMNTS’ Karen Webster that while the pandemic and geopolitical risks ushered in a season of unpredictability...
