News

Regulation
Trade Group Forms To Promote FinTech Development, Regs
March 10, 2021

A new trade group formed by FinTech leaders called the Financial Technology Association (FTA) launched Wednesday (March 10), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Investors Flock To SPACs Based On Celebrity Backings
March 10, 2021

Investors from all levels of expertise have been flocking to special purpose acquisition companies (SPACs), a tendency that has some financial planners — and the Securities and Exchange Commission (SEC) — worried, Bloomberg reported on Wednesday (March 10). Get the Full Story Complete the form...

International
South Korea’s Shinhan Bank Demos CBDC Platform
March 10, 2021

South Korea-based Shinhan Bank has built a pilot program for a potential central bank digital currency (CBDC), CoinDesk reported. The bank, which is headquartered in Seoul, got assistance from LG CNS on the project. Get the Full Story Complete the form to unlock this article...

Bitcoin
Bitcoin Daily: YouTube, Ripple Reach Settlement Over XRP Lawsuit; Bankrupt Crypto Investment Firm Had UK...
March 10, 2021

YouTube and Ripple have agreed “to work together” after Ripple sued the video company last April for allegedly failing to remove XRP scams from its platform, according to a tweet from Ripple CEO Brad Garlinghouse. Get the Full Story Complete the form to unlock this...

International
Today In Payments Around The World: European Commission Gives Go-Ahead To Nexi’s Purchase Of Nets;...
March 10, 2021

In today’s top payments news around the world, the European Commission (EC) has provided the approval for Nexi’s purchase of Nets, while Hello Inc. has reportedly confidentially filed for an initial public offering (IPO) in the United States. Plus, Nigeria wants its residents to get...

B2B Payments
TimeSolv Eliminates Accounts Receivable With Zero AR
March 10, 2021

TimeSolv, which works in web-based software for legal billing and time-keeping, has announced a new accounting process, called Zero AR, which will boost collection rates and do away with accounts receivable (AR) via batch invoicing and digital payments, according to a press release. Get the...

IPO
Southeast Asia’s Grab Mulls Public Filing In US Via SPAC
March 10, 2021

Southeast Asian delivery startup Grab Holdings Inc. is considering a public filing in the U.S. through a merger with a special purpose acquisition company (SPAC), Bloomberg reported on Wednesday (March 10) citing sources. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Software Firms Offers Discounts To Struggling Restaurants
March 10, 2021

It has been an enormously difficult year for restaurants, with mass layoffs and closures as lockdowns and economic downturns placed serious burdens on Main Street businesses. Aid has come in, where possible, from the traditional channels — small business loans and grants — but for...

B2B Payments
Beanworks Bolsters Accounts Payable Offering With AI
March 10, 2021

Accounts payable (AP) automation company Beanworks has debuted its SmartCapture artificial intelligence (AI)-enabled capability, according to a Wednesday (March 10) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...