To link banks with FinTech clients, application programming interface (API) platform Treasury Prime has notched $9 million in a Series A funding round, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In today’s top news, officials are investigating wells Fargo regarding its management of Paycheck Protection Program (PPP) loans, and Visa led the latest funding round for FinTech startup Nium. Plus, AirBnB, crippled by the pandemic, announced layoffs totaling 25 percent of its workforce. Get the...
To keep modernizing finance processes for mid-sized firms and startups, payables automation platform Tipalti unveiled three new strategic partnerships. The partners include financial close management firm FloQast, technology solutions provider Myers-Holum and software-as-a-service (SaaS) marketing platform Affise, according to an announcement. Get the Full Story Complete the...
Silicon Valley rideshare giant Uber is reducing its workforce by roughly 14 percent — about 3,700 people — as the coronavirus pandemic and stay-home mandates reduce the demand for rides, according to a Wednesday (May 6) regulatory filing. Get the Full Story Complete the form...
With social distancing still in effect to varying degrees nationwide, the ridesharing market has slowed virtually to a stop. Consumers staying home have very little need to order an Uber to get to their living room. The company announced 3,700 layoffs and its CEO isn’t...
Two men were charged in Rhode Island with fraudulently seeking loans through the Paycheck Protection Program (PPP), the U.S. Department of Justice said in a statement on Tuesday (May 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The retail reopenings underway hit a few roadblocks on Wednesday (May 6), as Nordstrom’s, L Brands and Lord & Taylor all checked in with bad news. All three companies had reported liquidity problems since the pandemic crisis started, but the convergence of the three events...
It used to be that controllable and somewhat predictable factors like price, selection and location defined retail success. More recently it was data-driven decisioning and location-based services that could bring a competitive advantage. In the post-pandemic world, the rules have changed. The factors that will...
As consumers stocked up on merchandise amid the coronavirus pandemic, CVS Health Corporation reported that front store revenues rose 8.5 percent in the three months concluding March 31 compared to the year before. The health retailer reported that the growth was mainly because of the...
