Payments FinTech Bottomline has teamed with Pay.UK to help companies prevent fraud. The collaboration, announced Monday (July 17), sees Pay.UK — the recognized standards body for the U.K.’s national retail payment schemes — launching its Payer Name Verification service via Bottomline Payment Services. According to...
As financial services become more digital, consumer advocates on both sides of the Atlantic are taking notice. To that end, Didier Reynders, commissioner for justice and consumer protection of the European Commission, and Rohit Chopra, director of the U.S. Consumer Financial Protection Bureau (CFPB) announced Monday (July 17) they...
As Uber Eats looks to grow its non-restaurant sales, the aggregator is partnering with convenience retail eCommerce platform Vroom Delivery to grow c-store sales. On Monday (July 17), the two companies announced their agreement, enabling retailers using Vroom Delivery’s back office, inventory and loyalty solutions...
Indian startup Ola Electric Mobility is reportedly in line for an initial public offering (IPO) sooner than anticipated. This change is due to its success in India’s electric scooter market, Bloomberg reported Monday (July 17). With 38% share of that market, Ola Electric has sold...
The U.K.’s financial watchdog wants to crack down on illicit marketing of financial products on social media. That crackdown, the Financial Conduct Authority (FCA) announced Monday (July 17), will involve applying the tough new consumer duty for other financial companies set to go into effect...
China is a famously hands-on nation when it comes to controlling information within its borders. Still, that hasn’t stopped some of the world’s largest technology companies from complying with Beijing’s rules around internet access and the spread of certain media, nor the country’s marketplace from...
Higher capital requirements may have a negative ripple effect on banks — tightening the lending spigots even further. And the winners may be the FinTechs that gain more lending business from consumers and enterprises as they pivot to a relatively newer corner of financial services...
India and Indonesia are reportedly planning to link their fast payment systems. The collaboration, as reported Monday (July 17) by Bloomberg News, is designed to spur cross-border fund transfers and would allow transactions to be settled in local currencies. The report, citing a senior Indian official, says...
Jane Birkin, the British-born actress and singer, and the inspiration behind the iconic Hermès handbag that bears her name, died on Sunday (July 16) at age 76. While she undoubtedly played a significant role in fueling Hermès’ success and shaping its brand image, her influence...
