Retail sales plummeted by a record 16.4 percent in April, according to the latest U.S. Census Bureau data, as many businesses are running on limited capacity or have fully stopped operations amid the pandemic. March retail sales were revised downward by 8.3 percent. Get the Full...
The old idea about community and regional banks generally being behind the tech adoption curve is just that: old. Financial institutions (FIs) that lack a big national footprint aren’t letting that stop them from upgrading core systems to serve increasingly digital-first customers. Get the Full...
U.K. online fashion retailer Boohoo is raising as much as £200 million ($243 million) with the anticipation of using it for acquisitions in the coming months as the pandemic unfolds, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Digital transformation is an imperative component of the ability of credit unions (CUs) to compete in the financial services market. But as institutions that are often smaller than traditional banks, limited resources mean adopting emerging technologies and cutting-edge services can be too resource-intensive for CUs...
Much of the $117 million raised by B2B FinTechs from venture capitalists this week targets money management services for businesses, including invoice financing, lending and banking. But cybersecurity and workflow process optimization also saw significant commitments, reflecting a growing need for corporates to work with...
Corporate expense management technology provider JAGGAER is expanding its accounts payable capabilities with the addition of support for virtual cards for supplier payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The U.S. banking industry is the runt of the litter of the current stock market rally as interest rates sink and loans crumble, according to Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
London FinTech unicorn Monzo is closing in on a new funding round as it faces a near 40 percent drop in valuation due to coronavirus pandemic economic fallout, according to a report in the Financial Times on Friday (May 15), citing sources. Get the Full...
The pandemic has shifted everything. 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 Today. By completing this form, you agree to receive...
