For almost all FinTechs — and especially for publicly traded firms — it has been a bumpy ride these past few years. Stock prices have been volatile. An overwhelming majority of the names tracked by the FinTech IPO Index trade with “busted” status, or below...
For FinTechs, capturing data, analyzing it, and perhaps even monetizing it through partnerships will help determine who’s profitable, and ultimately, which FinTechs survive and thrive. And profits are sorely needed. As Sezzle CEO Charlie Youakim told Karen Webster, “it’s going to be a tough year.”...
European Union (EU) countries and European Parliament lawmakers are reportedly expected to reach an agreement on light touch rules for Airbnb next week. The proposed regulations will require short-term accommodation rental services like Airbnb to provide data on the number of users and nights stayed to national...
SAP and Google Cloud have announced an expanded partnership aimed at harnessing the power of data and generative artificial intelligence (AI) for enterprises. The collaboration will combine their open data cloud, using the SAP Datasphere solution with Google Cloud’s Vertex AI to introduce new generative AI-powered industry solutions, starting with...
Databricks is reportedly weighing a funding round that would value it at $43 billion. The software maker is in talks with T. Rowe Price, Reuters reported Friday, citing people familiar with the matter. If the round succeeds, it would push the company’s valuation beyond the $38 billion...
Consumer-permissioned data — as a concept — is nothing new in financial services. Look back across the past few decades, Jamie DelMedico, vice president and head of product for Fiserv’s BillPay, Aggregation and Verification Services, told PYMNTS in a recent interview: “When aggregators started coming...
A sticky customer base makes for a happy business. And the technical opportunities and innovations embedded across today’s data-rich operating landscape are helping financial institutions, FinTechs and merchants unlock more than has ever been possible before from the payment occasion — particularly around item-level receipt...
Eric Dean, head of platform partnerships at Banyan, told PYMNTS that flexibility must govern marketing programs as merchants and financial institutions (FIs) seek to streamline and improve customer engagement. These programs must always evolve, Dean noted, “as the overall economy around us is always changing...
In today’s digital era, business success is built on bits and bytes of information. That’s because, typically speaking, more data leads to better products, which attract more users, who generate more data, which further improves the product. The dynamic between information economy and software landscape’s...
