Goldman Sachs is reportedly aiming to double the size of its $110 billion private credit business. That shift involves reshuffling senior executives in the unit, Marc Nachmann, global head of asset and wealth management, told Bloomberg News on Monday (Dec. 11). “We think it’s the biggest opportunity...
As grocers look to drive digital sales while protecting their margins, Ocado is reportedly adding more robotic arms in an effort to boost fulfillment efficiency. The United Kingdom-based, multinational grocery technology company is soon to increase the number of robotic arms at its Luton facility...
JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. The country’s largest bank is planning to open several new branches, Reuters reported Monday (Dec. 11), going against a nationwide trend as consumers shift to digital banking. “Branches have been a winning strategy...
Citi has led a strategic investment round in Supra, a Colombian FinTech that enables cross-border payments and treasury solutions. Supra provides these solutions to small and medium-sized businesses (SMBs) involved in import and export activities, Citi said in a Monday (Dec. 11) press release. With...
TikTok has generated $10 billion in consumer spending, becoming the first non-game mobile app to do so. The social video app has raised $3.8 billion this year, up from $3.3 billion in 2022, consumer and market data provider data.ai said in a Monday (Dec. 11) blog post. “TikTok is...
Norton Healthcare, a non-profit healthcare system based in Kentucky, has confirmed that it experienced a data breach earlier this year. Hackers gained unauthorized access to the personal data of millions of patients and employees during a ransomware attack in May, TechCrunch reported Monday (Dec. 11), citing Norton’s...
The National Retail Federation (NRF) says the holiday shopping season got off to a strong start. The federation’s Retail Monitor, produced in tandem in CNBC and released Monday (Dec. 11), showed retail sales making strong gains, the organization said in a news release. “November Retail Monitor data...
Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now “seamlessly pay workers, contractors, partners, and suppliers via HitPay,” the company said on its blog Monday (Dec. 11). In addition,...
If you read the Y2K piece on PYMNTS late last month, you’d be aware that millennials are facing unique challenges in meeting their financial needs. Based on research from PYMNTS Intelligence in collaboration with LendingClub, as of September 2023, 62% of millennials in the United States are managing...
