News

Banking
Texas FinTech Bank GloriFi Shutters as Funding Falls Through
November 21, 2022

GloriFi, a Texas startup that billed itself as a conservative alternative to “woke” Wall Street firms, is reportedly closing its doors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
FinTech WeLab Considers $250M Funding Round for APAC Expansion
November 21, 2022

Hong Kong-based lending FinTech WeLab is reportedly considering a new funding round that could value the company at about $2 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Santander UK Turns ATM Operations Over to NCR
November 21, 2022

Santander UK has expanded its partnership with enterprise technology provider NCR, a move that illustrates the trend of banks using ATMs to bridge the physical and digital banking gap. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Grocery Stores Will Be the Big Winners This Holiday Season
November 21, 2022

Special foods and overeating may be synonymous with the holidays, but this year, PYMNTS research shows, the additional cost of groceries alongside an increase in the number of consumers living on tight budgets is leading to supermarkets emerging as the season’s big winners. Get the...

Retail
Newegg’s Livestream Shift Follows Push Toward Self-Made Creators
November 21, 2022

Digital electronics retailer Newegg is hoping to capitalize on the potentially $1.2 trillion creator economy trend with a series of live streams centered around the holiday shopping season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Bladex Joins TradeAssets to Boost Access to Trade Finance in LatAm
November 21, 2022

Panama-based multinational bank Banco Latinoamericano de Comercio Exterior (Bladex) has become the first bank in Latin America to join Dubai-headquartered Fintech Innovations International DMCC’s TradeAssets platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Merchant Innovation
Pure-Play Auto Retailers Leverage Immersive VR Car-Buying Experiences to Attract Buyers
November 21, 2022

Considering that the Egyptian pound has lost nearly a quarter of its value against the greenback since the beginning of 2022, while the country’s car market is suffering from the same inflationary pressure and supply chain issues as the rest of the world, there has...

B2B Payments
Factoring.io Debuts Invoice and AR Factoring Service
November 20, 2022

With small businesses increasingly strapped for cash, Wyoming-based invoice and accounts receivable factoring company Factoring.io launched this weekend with the aim of filling the “invoice financing gap.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Swedish FinTech Dreams Rebrands as It Enters B2B Marketplace
November 20, 2022

Swedish financial wellbeing platform Dreams has launched a new entity known as Dreams Technology as it continues its expansion into the B2B space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...