News

Banking
Investors Wary of Future Big Bank Profits
January 16, 2022

Big U.S. bank bosses have been optimistic about the economic outlook as of this past week, but investors have been skeptical of the growth outlook, Reuters reported Friday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Bitcoin
Bitcoin Daily: Crypto Investors Flock to Puerto Rico for Tax Breaks; Competition, Bitcoin Value Drop...
January 16, 2022

Crypto miners scheduled to go public will probably face some adversity in the next few months as bitcoin sees its price fall, according to a Friday (Jan. 14) CoinDesk report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
Big Pandemic Profits Could Be Over For Big Banks
January 14, 2022

The honeymoon may be over when it comes to big banks and the pandemic economy. 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,...

B2B Payments
73% of Procurement Professionals Say Late Payments Strain Business Relationships
January 14, 2022

Firms that have yet to digitize their accounts payable (AP) and accounts receivable (AR) processes are likely to be at more of a competitive disadvantage soon, and late payments can add unwanted friction into their supplier relationships. Get the Full Story Complete the form to...

IPO
Zaggle Looks to Raise Up to $250M Through IPO
January 14, 2022

Software as a service (SaaS) FinTech Zaggle has begun preparations to go public at some point in 2022, multiple sources with knowledge of the situation told Moneycontrol for a report Friday (Jan. 14). Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
Afreximbank’s Payment System Goes Live With 12 African Banks
January 14, 2022

A new system went live with 12 banks in Africa to enable payment transactions and alleviate trade issues across the continent, which deals in more than 40 currencies, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Report: Federal Financial Regulators Should Ensure Protection of Personal Data
January 14, 2022

A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as documenting how they minimized IT systems’ collection and use of such data. Get the Full Story Complete the form to...

Regulation
US State Banking Regulators Drop Lawsuit Over FinTech Charters
January 14, 2022

A group of U.S. banking regulators withdrew their lawsuit that sought to block the federal government from granting bank charters to FinTech companies.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Regulators to Exchanges: Prepare to Go Hybrid
January 14, 2022

The world’s securities regulators are considering whether to strengthen exchanges given the high trading volatility demonstrated during the pandemic. 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...