Banco Santander has officially acquired a 50.1 percent stake in Ebury, a payments platform that has been growing at a brisk pace, for $453 million (£350 million). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Amid reaccelerated marketing efforts, Blue Apron saw net revenue rise 8 percent and customers increase 7 percent sequentially from Q4 2019. The meal kit company reported that it has experienced a sizable rise in demand with different stay-at-home orders, restaurant restriction orders and other limitations “subsequent...
To include pandemic escape clauses and further mitigation, certain retail renters are seeking to recast their leases. Many retail leases restrict the occupant from seeking an abatement due to interruption or “force majeure” clauses, but counsel for renters indicate they are pushing to have these...
Of the seemingly inexhaustible uses of artificial intelligence (AI) in the financial sector, its applications around managing credit risk and optimizing payment services are among the most promising. The proliferation of “smart agents” that handle these tasks is a glimpse of more innovation to come,...
The two-decade-long trot toward digitization has turned into an all-out wind sprint, propelled by a global pandemic. As the lockdown fog lifts and transmission fears slowly dissipate, reopening businesses will encounter change, especially with regard to consumer payments. Get the Full Story Complete the form...
The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Businesses shipping age-restricted goods like alcohol to other vendors often bump into quirky state regulations, like rules that make buyers pay immediately upon delivery – making digital payments challenging. In our latest Digitizing B2B Payments Tracker, Ernie Olsen, vice president of growth and engagement for...
New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office...
WhatsApp in India is considering a move into credit and lending so it can extend loans to users in the country, according to a report in The Next Web on Wednesday (April 29). Get the Full Story Complete the form to unlock this article and...
