Ernst & Young (EY), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 billion) in cash, the Financial Times reported. Get the...
If you can’t join ‘em, beat ‘em. That seems to be the prevailing attitude behind 5G, as several car companies have taken the delay in building mass networks for the new wireless technology as a cue to create their own. Get the Full Story Complete...
The headlines about Nike’s Q4 earnings announcement focused on what would be a staggering loss at any other time. But the real story is a complete and radical repositioning of one of the world’s leading brands toward Digital 3.0. Get the Full Story Complete the...
To bring apparel to consumers in a new YEEZY Gap line, Kayne West is collaborating with Gap through a partnership unveiled on Friday (June 26). The apparel collection is set to be displayed in Gap retail locations as well as on the retailer’s eCommerce website...
Lemonade Inc., the technology-driven insurance startup, has told regulators that its initial public offering (IPO) is seeking a share price of between $23 to $26. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Amid a quarter in which a large percentage of its stores were temporarily shuttered during the pandemic, H&M Group saw its net sales fall by 50 percent. The retailer’s eCommerce sales, however, jumped by 36 percent in SEK and 32 percent in local currencies, according to...
Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Some startups focused on data aggregation to expand underwriting capabilities, while others...
With more organizations embracing FinTech in the back office, businesses are increasingly aware of the importance of data integration between various portals. FinTech solution providers have moved quickly to fulfill that need, yet manual data entry, missing or inaccurate information, and other data-related pain points...
