As it reimagines how borrowers and relationship managers work together, Finastra unveiled the rollout of Fusion Credit Connect on the FusionFabric.cloud of Finastra and the AppExchange of Salesforce. The company said in an announcement that business lending end users are able to have an enhanced...
To allow for network improvements and the acceleration of the worldwide commercialization of its platform, we.trade has unveiled an “enhanced collaboration” with IBM. The company also said that IBM is joining its founding banks as a new shareholder, according to an announcement. Get the Full Story...
In today’s top news, banks brace for the end of their mortgage forbearance program, and Shopify launched a business account for merchants and POS credit system. Plus, bitcoin transferred over the dark web was up 65 percent in the first quarter of 2020. Get the...
Shortly after Macy’s warned investors Thursday (May 21) of a probable $1 billion first-quarter operating loss, Jeff Gennette, the iconic store’s chief executive officer, spoke with J.P. Morgan Analyst Matt Boss about the future of retail. Gennette said a tidal wave of bankruptcies stemming from the...
Residents itching to visit the New Jersey shore over the Memorial Day weekend can break out bathing suits and head to the beach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
That consumers have relocated their lives online in response to the pandemic is an easily visible fact when you look at earnings reports that successful retailers are releasing. For example, Walmart recently reported that eCommerce sales increased 74 percent year on year in the first quarter,...
The U.S. government stimulus program has sought – with urgency – to help keep smaller firms across the country hanging on until reopening becomes feasible. In perhaps the most visible example, the Paycheck Protection Program (PPP) has aimed to provide more than $600 billion in...
Indian food delivery startups Swiggy and Zomato will start delivering alcohol in some cities in an effort to meet the increased demand for booze during the lockdown. Ranchi, the capital of Jharkhand, will be the first area to get alcohol delivered. Get the Full Story...
Struggling retailer Macy’s warned on Thursday (May 21) that it expects as much as a $1.11 billion first-quarter operating loss, but said it was “on track” to access additional financing that presumably could help the chain avoid bankruptcy. Get the Full Story Complete the form...
