News

Fintech Investments
Today in FinTech: Rocky Ride for IPOs; Sweater Raises $12M; Visa Boosts Pana
February 27, 2022

In today’s FinTech news, trading remains volatile for FinTech IPOs, while credit unions continue their move toward more digital tools. Latino-focused neobank Pana joined the Visa FinTech Fast Track program, and Sweater closed $12 million in funding to grow its startup that aims to give...

International
US Allies Escalate Financial War Against Putin, Freeze Russian Central Bank Foreign Reserves
February 26, 2022

As reports of military action and casualties mount following Russia’s invasion of Ukraine, a parallel ‘financial war’ is also escalating that is aimed at isolating Moscow through a growing list of economic sanctions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
FDIC Bars Three From Banking as Part of January’s Enforcement Actions
February 25, 2022

Three people were ordered from further participation “in any manner” having to do with financial institutions following January enforcement actions by the Federal Deposit Insurance Corporation (FDIC), the agency announced on Friday (Feb. 25). Get the Full Story Complete the form to unlock this article...

Digital Banking
Pana Joins Visa FinTech Fast Track Program
February 25, 2022

Latino-focused neobank Pana has joined Visa’s FinTech Fast Track program as part of its integration with the card-issuing payments giant that will increase Pana’s reach, capabilities and security through the VisaNet global payment network, according to a Tuesday (Feb. 22) press release. Get the Full...

Investments
World Bank Backs Egypt’s $50M Venture Capital Program
February 25, 2022

Egypt’s Minister of Trade and Industry Nevine Gamea, executive director of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), on Friday (Feb. 25) announced that the nation is launching a $50 million venture capital program that’s backed by World Bank, MAGNiTT reported. Get the...

Digital Banking
Neobank Weekly: Revolut Launches New Initiative; Monzo Issues Scam Warning
February 25, 2022

Revolut Launches New Initiative This Week 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 form, you agree to...

eCommerce
Grocers Grapple With the Economics of Smaller, More Frequent Digital Orders
February 25, 2022

The majority of consumers may continue to prefer shopping for groceries in stores to shopping online, but those who have adopted eGrocery options are integrating the channel into their regular routines, shopping more often. Get the Full Story Complete the form to unlock this article...

International
EMEA Daily: Ukraine Revokes Licenses of Russian Banks Sberbank, VEB; European Parliament Indefinitely Delays Crypto...
February 25, 2022

In today’s top Europe, Middle East and Africa (EMEA) news, Russia’s financial services were further handicapped when the National Bank of Ukraine revoked the licenses and liquidated the assets of two Russian banks; and the European Parliament postponed its vote on a proposed regulatory package...

Loyalty & Rewards
Want Loyal Restaurant Customers? Offer Loyalty Programs
February 25, 2022

Nearly every restaurant manager knows their customers are searching for better deals, and offer regular diners a way to dodge higher prices: loyalty and rewards programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...