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News
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29Mexican Pres. To Boost Banking Options For Citizens
Mexican President Andrés Manuel López Obrador is in support of big banks that want to expand in Mexico. According to The Wall...
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53India’s Snapdeal Marketplace In Talks To Buy Rival ShopClues
Indian eCommerce company Snapdeal is reportedly in talks to buy its rival ShopClues in an all-stock deal. Sources said the due diligence...
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61Senators Propose $2.2B AI Investment
Two senators have proposed new legislation that would allocate $2.2 billion toward federal research and development (R&D), and create a national artificial...
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101Citi: Why And How To Bring More Collaboration To Payments
There is no “i” in team — every coach’s mantra. Guess what, though? That’s only half the story when it comes to...
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126Paving Mobile Banking’s Path To Success
The customer journey in banking begins with offering a wealth of data when opening an account. As Jim Priestley, chief revenue officer...
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419After US Blacklist, Huawei Weighs Its Options For Phones
After a blacklist by the United States, Chinese Telecom giant Huawei is considering creating its own operating system for its mobile phones...
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673AI-Driven Sales Startup People.ai Raises $60M In Funding Round
An artificial intelligence (AI)-driven predictive sales startup called People.ai has raised $60 million in a funding round, and has attracted some of...
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863IBM’s $34B Bid For Red Hat Subject To EU Regulator’s Approval
IBM has bid $34 billion for the software company Red Hat, but the deal is subject to approval by EU antitrust regulators,...
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954Monese Brings Apple Pay To 13 Countries; UK Retailer Iceland Tests Mobile Wallet Tech
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the results of a ranking of cities...
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772German Savings And Investment FinTech Raisin Looks To Expand Into US
German FinTech company Raisin, an investment and savings marketplace, is looking to expand its business into the U.S., according to a report...
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611Marqeta Valued At $2B After $260M Fundraising
Marqeta, the global card issuing platform, announced on Tuesday (May 21) that it has raised $260 million in venture funding. In a press...
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923The Persuasive Power Of Luxury Pajamas
While there aren’t too many universally common experiences among human beings, eating and sleeping will always and everywhere make the list. Of...
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819How Connected Consumers Tap Into In-Store Smartphone Shopping Features
Smartphones fit squarely in the center of the social and digital lives of many shoppers — and provide these consumers with constant...
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690Commerce Gets More Visual As Retailers Embrace 3D
As brick-and-mortar retailers work to survive in this digital age, they are looking to another digital tool in that ongoing effort: 3D mapping....
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572Urban Outfitters To Roll Out Clothing Rentals
In an effort to take advantage of one of fashion’s fastest growing areas, Urban Outfitters is tapping into the clothing rental market....
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744Dressbarn To Shut Down
To concentrate on the company’s more profitable brands, Ascena Retail Group is planning to shutter approximately 650 Dressbarn stores. The company also owns...
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656China’s Corporate Cash Crisis Worsens
The crisis that has hit China’s corporate community is worsening after the suspension of trading of Kangmei Pharmaceutical shares, The Wall Street Journal...
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699AI Flexes To Manage Supply Chain Volatility
The emergence of automated technologies in the supply chain has introduced a host of unique and unfamiliar challenges to the supply chain...
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727FBI, Banks Go Global With Cybercrime-Fighting Tactics
The U.S. Federal Bureau of Investigation (FBI) last week announced charges against 11 alleged members of a cybercriminal ring targeting small businesses....
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676Kenya Banks Take On AltFin With Mobile SMB Lending Tool
Kenya is deploying mobile lending initiatives in an effort to address the small business credit gap. Reports in Reuters on Monday (May...
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449Danske Bank Launches SMB Cybersecurity Initiative
Nordic bank Danske is launching an initiative to support its small business clients’ cybersecurity initiatives. Reports in ComputerWeekly on Monday (May 20)...
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675Accountants Sound Off On Wolters Kluwer Cyberattack
A cyberattack at accounting firm Wolters Kluwer that left its accountant clients unable to access a portal necessary to do their jobs...
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959European Banks Trial SWIFT’s Instant gpi
SWIFT announced Tuesday (May 21) that a group of banks are trialing instant gpi cross-border payments in Europe via the TARGET Instant...
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1.1KGM To Shut Down Carsharing Service Maven In Some Cities
General Motors is winding down its carsharing service dubbed Maven in eight of the 17 cities in the U.S. where it is...
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965NY AG, Mayor Launch Inquiries In Taxi Industry Practices
The New York Attorney General’s office and New York Mayor Bill de Blasio have both ordered investigations into the practices of the...
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859China Surpasses US In Smart Speaker Shipments
China has surpassed the United States to lead the smart speaker market. According to new data from Canalys, China’s smart speaker shipments...
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603SEC Only Collects Half Of Fraud-Related Fines
New data shows that the U.S. Securities and Exchange Commission (SEC) has only collected 55 percent of the $20 billion in fraud-related...
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1.0KWhat Will It Take To Hit The Instant Payments Tipping Point?
Instant payments is an innovation that doesn’t require much explanation. Getting immediate access to money is an obviously better solution than waiting for the check to arrive in the mail, or constantly...
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1.3KCargo Lets Brazil Uber Drivers Sell To Passengers
Cargo has gone international by expanding its partnership with Uber to include Brazil. Uber drivers in São Paulo and Rio de Janeiro...
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939Database Exposed Instagram Influencers’ Data
Millions of Instagram users — including celebrities and brands — have had their accounts exposed online. The database, hosted by Amazon Web...
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1.0KLarge US Banks See Credit Quality Decrease
Large U.S. banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report...
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1.1KIndia-Based Interior Design Startup Livspace Scores IKEA Investment
A popular interior design startup in India, Livspace, has received an investment from Ingka Investments, the venture capital arm of IKEA, according...
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809Czech Banks To Invest $260M Into National Development Fund
Czech Prime Minister Andrej Babis has proposed a national development fund to help invest in social issues, digitization of the economy, education...
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734Auth0 Raises $103M, Becomes Unicorn
Auth0, an Identity-as-a-Service company, announced Monday (May 20) that it closed a $103 million venture funding round. In a press release, Auth0...
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723Wagestream Raises $51M To Help Workers With Payday Gap
Wagestream, a U.K. startup, has raised $51 million (£40 million) to help U.K. workers who only get paid once a month but...
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727Forced ‘Tech Transfers’ Gain Ground In China
According to the European Union Chamber of Commerce in China, incidences of European companies being “forced” to transfer technology in China are...
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1.7KWarburg Pincus In Talks To Buy NCR
NCR, the payments company that makes self-service kiosks, point-of-sale terminals and automated teller machines, among other payment devices, has reportedly tapped Bank...
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5.0KParis Metro To Launch Paperless Tickets, Cashless Payments Rise In Russia
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the coming rollout of a paperless...
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3.3KAI Startup Clinc Raises $52M In Venture Funding
Clinc, the AI startup, has raised $52 million in venture funding in a Series B round of venture funding. VentureBeat, citing the...
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2.2KWells Fargo Taps TransferMate For Global Invoicing
TransferMate Global Payments, the cross-border B2B payments provider, announced Monday (May 20) it inked a deal with Wells Fargo to deliver its...
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1.4KeCommerce Sales Jump 12.4 Pct In Q1
Sales done digitally continue to gain ground across U.S. commerce. The Commerce Department reported Friday (May 17) that eCommerce sales were up...
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987Lowe’s Strengthens Tech Focus With Retail Analytics Acquisition
To sharpen its focus on retail technology, Lowe’s Companies, Inc. is acquiring Boomerang Commerce’s Retail Analytics platform. The technology will strengthen data-driven...
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1.1KAmazon Investors To Vote On Facial Recognition Measures
In an environment where lawmakers and civil liberties groups are scrutinizing facial recognition software, Amazon is facing pressure from shareholders: Investors will...
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1.0KAre Drones The Future Of Last-Mile Delivery For Medicine — And Retail?
With all the hype about drones traversing the skies for retail’s last mile, the reality of drone delivery appears to be starting...
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869Fighting The War On Delicious Food With Huel (Yes, Huel)
When it comes to food, complaints about price, accessibility, variety and taste are all very common, but it is not a common...
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844How Eco-Friendly eTailers Aim To Reinvent Shampoo
To provide consumers with an eco-friendly alternative to shampoo in single-use plastic packaging, direct-to-consumer (DTC) brands are providing the product in a...
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1.2KThe C-Suite Develops Supply Chain Innovation Plans
Blockchain tends to receive the most excitement and attention on the topic of supply chain technology, but it’s not the tool the...
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1.2KTackling The Interchange Fee Hurdle In Commercial Card Acceptance
In a B2B climate of delayed payments and heightened pressure for cash flow optimization, the commercial card has emerged as what many...
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1.4KMetro Bank Combats Internet Hoax With $478M Fundraise
Shareholders have raised $478 million for U.K. challenger bank Metro Bank after an internet hoax raised concerns over the value of the...
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1.2KKPMG Won’t Split Accounting, Auditing Units
Despite recommendations from a U.K. authority, KPMG revealed it would not split up its accounting and auditing units. However, starting on June...
