Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT) Tuesday (Feb. 6), referring to the company’s ambitions to lead its industry in terms of customer numbers. “We’re now in the...
J.P. Morgan Chase, one of the largest banks in the United States, reportedly plans to open more than 500 new bank branches over the next three years. The move aims to expand the bank’s presence in areas where it lacks representation, Reuters reported Tuesday (Feb....
Len Covello, chief technology officer of Engage People, told PYMNTS in an interview that merchants are going to need to fine-tune, and in some cases overhaul, their rewards offerings. “Consumers have higher expectations of what they’re going to get, ultimately, from loyalty programs,” he said. In...
Rahul Hampole, head of payments at Plaid, said pay by bank is gearing up for widespread adoption — but much depends on use cases that are offered, spanning pay-ins … and payouts. He noted that there’s already a history of banks linking to various payment options...
What’s better than $10,000? Try $25 million. That, it appears, is the thinking of an emerging cohort of bad actors and financial criminals behind a worrying rise in commercial banking fraud. After all — why target individuals when you can target big ticket business-to-business (B2B)...
Cybera, a provider of advanced reporting and prevention tools, has launched a strategic integration with Chainalysis, a blockchain data platform, to equip government agencies and compliance teams with enhanced insights to combat scams and prevent financial cybercrime. The integration of Cybera’s artificial intelligence (AI)-driven global dataset,...
Reddit is reportedly preparing for a potential initial public offering (IPO) in the United States. The social media company and its advisers are expected to unveil the public IPO filing as early as this month, and Reddit has been advised to consider a valuation of at...
When it comes to direct-to-consumer (D2C) online shopping, establishing trust with shoppers is key to brands’ success, a recent PYMNTS Intelligence study reveals. By the Numbers For the report “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces,” PYMNTS Intelligence surveyed more...
As consumers increasingly expect brands to meet them where they are, be it online or in person, Estée Lauder is seeing rising demand for digital availability. Tracey Travis, the cosmetics company’s executive vice president and chief financial officer, noted on a call with analysts Monday...
