News

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...

Retail
Shopee Launches Digital Retail Initiatives
January 14, 2022

Five partner brands of eCommerce platform Shopee hit at least $100 million in gross merchandise value (GMV) in 2021, while Shopee Mall saw an eightfold increase in the number of users shopping online at least once a month during the year, according to a Tech...

Investments
Headless Commerce Firm Bolt Raises $355M
January 14, 2022

If you work for a company called Bolt, it’s been a pretty good 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...

Regulation
New UK Institute Could Spot Crypto, AI Regulation Gaps
January 14, 2022

A plan to develop a way to spot holes in United Kingdom’s regulations that failed to keep up with crypto and artificial intelligence (AI) innovations has been proposed by the technology advisor to the Lord Chief Justice, The Financial Times reported. Get the Full Story...

International
PBOC Puts Limits on Commercial Financing
January 14, 2022

The People’s Bank of China (PBOC) has published new rules designed to place a cap on bank’s commercial financing operations, while also bolstering risk management for the use of commercial bills. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

eCommerce
Fitment Data, Subject Matter Experts and Rich Content Reduce Product Returns
January 14, 2022

Selling parts and accessories for cars is a complex task. To select the right products, you may need to know as many as 60 attributes of the car — year, make, model, trim level, color, the number of doors, the number of seats and more. ...

Retail
Companies Pulling Out of National Retail Federation Big Show
January 14, 2022

Several major companies — including Target Corp and computer software firm SAS — have pulled out of the National Retail Federation’s Big Show, which is slated to begin Sunday in the Javits Center in New York City, according to a Reuters report Friday (Jan. 14)....

Investments
Alibaba Weighs Fundraise for Its Freshippo Supermarkets at $10B Valuation
January 14, 2022

Alibaba is weighing a fundraise for its Freshippo grocery chain in China that has an estimated valuation of $10 billion, Bloomberg reported on Friday (Jan. 14), citing unnamed sources familiar with the plans. Get the Full Story Complete the form to unlock this article and...