News

Retail
Will Klarna’s BNPL Pop-up Retail Store in LA Be an Oasis or a Mirage?
July 20, 2022

It’s being branded as a “Klarna Oasis,” a two-day pop-up store a few blocks off the Sunset Strip in West Hollywood that marks the embattled buy now, pay later (BNPL) FinTech’s first push into physical retail in the second largest city in the country. Get the Full...

Retail
India’s Future Retail Enters Bankruptcy Over Amazon’s Objections
July 20, 2022

India’s National Company Law Tribunal has sent Future Retail into bankruptcy, despite claims by Amazon’s local division that the move was part of a conspiracy to make the once-mighty retailer insolvent. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
US, UK Policymakers Plan on Delivering Crypto Promises in 2022
July 20, 2022

In 2021, policymakers around the world raised concerns that crypto assets were too big to be left unregulated and regulation was needed to offer more security to investors and consumers. Most of the major economies promised new rules for 2022, and lawmakers are delivering. After...

Regulation
UK’s Proposed Bill Paves the Way for New Stock-Listing Rules
July 20, 2022

The British government on July 19 set out plans to bolster the competitiveness of the U.K. as a global financial center to compete with Wall Street and consolidate its position in Europe after Brexit.  Get the Full Story Complete the form to unlock this article...

Social Commerce
High Fashion Meets High Tech as Creator-Influencers Perfect the Art of Online Conversion
July 20, 2022

What is Fashion Week if not the epitome of influencer marketing? Such is the draw of the personalities who design looks we love, and those who have wardrobing in their DNA. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
In Digital Banking Showdown, Traditional Financial Institutions Play Up Innovation and Trust
July 20, 2022

Thrilling products make a splash and attract flocks of curious users during the great digital shift, as the success of neobanks shows — but, as we learned with meme stocks, there must be real value behind the dazzle. Legacy banks are learning this as they...

Security & Fraud
Competitors Become Collaborators in Fight Against Financial Crime
July 20, 2022

In financial services, the greater the surface area, the greater the chance the fraudsters will strike — and be successful. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
SEC Seeks Funding to Take On Crypto Issues
July 20, 2022

The director of the Securities and Exchange Commission’s (SEC) enforcement division told a House subcommittee Tuesday (July 19) that he needs more people to handle the agency’s cryptocurrency actions — after nearly doubling the size of the unit in May. Get the Full Story Complete...

Investments
B Capital Closes $250M Early-Stage Ascent Fund II
July 19, 2022

Global multistage investment firm B Capital has announced a $250 million close for its Ascent Fund II, the first dedicated early-stage fund, which will help it work with more entrepreneurs, a press release said Tuesday (July 19). Get the Full Story Complete the form to...