The U.K.’s Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 ($84.7 million) for “failings” in its anti-money laundering (AML) system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The average return costs retailers two-thirds of the original price (ouch!). This is because of factors like labor, transportation and warehouse expenses – all invisible to the consumer (minus a package’s tracking information, perhaps). The price of this is astronomical: Over $66 billion in product...
The Vietnamese eCommerce platform Buy2Sell has launched a new application focusing on high-end products, such as cosmetics, imported organic foods and other lifestyle products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Aggregator and digital ordering technology company Waitr Holdings Inc. signed a non-binding letter of intent Friday (Dec. 17) to acquire cannabis-focused point of sale (POS), inventory and compliance software platform Retail Innovation Labs Inc. dba Cova. Get the Full Story Complete the form to unlock...
Chinese eCommerce giant Alibaba has set a $100 billion gross merchandise volume target for Lazada, its southeast Asian online marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The French regulator CNIL (Conseil Nationale de l’Informatique et des Libertés) on Thursday (Dec. 16) issued an order against Clearview AI requesting that the company stop collecting and using images and personal data obtained through facial recognition and to delete this data. Get the Full...
Levi Strauss & Co.’s Chief Strategy and AI Officer Katia Walsh on Friday (Dec. 17) noted that its Google Cloud-based data collection portal, which uses artificial intelligence (AI) and includes inventory and sales information, has transformed the entire company, The Wall Street Journal reports. Get...
We’re at the very tail end of 2021, and depending on where — and when — you look, the SPAC sector is either dead or rising, phoenix-like, from ashes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Right in the middle of the busiest week of the peak holiday shopping season, the nation’s top two retail rivals showed an amazing — if not bold — ability to multitask this week, taking on a range of new projects and refining existing processes while...
