The leaders of the country’s seven biggest commercial financial institutions will head to Washington, D.C., this week to face two Congressional hearings to review consumer protection and compliance issues, enforcement actions and recidivism, and trends and developments in the industry. Get the Full Story Complete...
Struggling mattress maker Purple Innovation could soon be going private. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
Instacart will reportedly forgo raising fresh capital in its expected initial public offering (IPO) and instead back a plan that would see most of its listing funded with shares sold by employees. Get the Full Story Complete the form to unlock this article and enjoy...
Retail technology platform Swiftly has raised $100 million in a new funding round, bringing its valuation to more than $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Cash flow is a significant challenge in the construction industry. Contractors often must cope with 30- to 60-day payments and holdbacks of as much as 40% until the completion of the job. Get the Full Story Complete the form to unlock this article and enjoy...
The declines in the U.S. stock market that started early this year have scared off investors in technology startups and led to the longest stretch without a tech initial public offering (IPO) in this century. Get the Full Story Complete the form to unlock this...
Software-as-a-service FinTech Kyriba has added an artificial intelligence cash-management tool to its array of cloud-based finance and information technology tools, the company announced last Thursday (Sept. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Credit card bill payment platform CRED is reportedly planning to invest $10 million in peer-to-peer (P2P) lending platform LiquiLoans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Two high-end department stores reportedly have a closer relationship now, as the parent company of Mexican chain Liverpool has reportedly acquired a 9.9% passive stake in U.S. chain Nordstrom for 5.9 billion pesos ($293.8 million). Get the Full Story Complete the form to unlock this...
