News

Regulation
Fed Moves To Revamp Community Reinvestment Act
September 21, 2020

The Federal Reserve Board on Monday (Sept. 21) took the first step toward overhauling the regulations that affect banks’ lending in economically challenged areas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

News
Today In Digital-First Banking: Next Insurance Aims To Raise $250M In Funding; FLEETCOR Agrees To...
September 21, 2020

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX). Plus, Nacha has announced the...

Retail
Demand For Books Surprisingly Outstrips Supply During Pandemic
September 21, 2020

The pandemic has had something of a strange effect on the world of book publishing. Shut-down bookstores and closed classrooms initially depressed sales in the market, particularly of educational books. But that drop-off has reportedly been replaced and even surpassed by consumer demand for printed books to be read during the...

Retail
Bird Angles For Direct Sales Of New Scooter Model
September 21, 2020

Electric scooter-maker Bird launched a new model on Sunday (Sept. 20) and is increasing its efforts to zip right past retailers to consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Walmart Launches Private Label Fashion Brand
September 21, 2020

Walmart wants to bring a bit of the high-fashion catwalk to its store aisles. 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...

IPO
Ant Group’s Planned IPO Could Raise A Record $35B
September 21, 2020

Ant Group, the online payment provider for China-based Alibaba Group Holding Ltd., is seeking a record return of at least $35 billion as it goes public in the Hong Kong and Shanghai markets, sources told Bloomberg News. Get the Full Story Complete the form to...

Ridesharing
Investors Want Shakeup In Uber Self-Driving Car Division
September 21, 2020

Uber Technologies is under increasing pressure to find new investors and revamp the strategy for its experimental, self-driving car division, which has begun to lose ground to competitors, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
September 21, 2020

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? 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...

Partnerships / Acquisitions
Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks’ Aggregation Platform
September 21, 2020

Swedish open-banking platform Tink and U.K.-based OpenWrks have entered into a strategic partnership that includes Tink acquiring OpenWrks’ aggregation platform for an undisclosed sum. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...