News

International
Goldman Sachs Warns Of Market Drop Due To Outbreak
February 20, 2020

Despite high levels of U.S. and European stocks, Goldman Sachs warns that the coronavirus’ impact could bring it all toppling down, according to the Financial Times on Wednesday (Feb. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
SentinelOne Picks Up $200M In Funding To Expand AI Cyber Platform
February 20, 2020

SentinelOne, which provides monitoring and security services for laptops and any kind of device connected to a network, has picked up a $200 million Series E funding round, the company said in reports. Get the Full Story Complete the form to unlock this article and...

Retail
Adore Me: Giving Lingerie A High-Tech Touch
February 20, 2020

While Victoria’s Secret struggles as the lingerie industry goes increasingly omnichannel, a hyper customer focus and an obsession with tech has helped AdoreMe build a solid eCommerce presence, along with a cautious brick-and-mortar play. Chief Technology Officer Bogdan Lukaciu tells PYMNTS how the brand has...

Merchant Innovation
Is Paying Consumers For Their Time The Future Of Physical Retail?
February 20, 2020

Among the more famous aphorisms of Benjamin Franklin was his 1748 observation that “time is money” —  a fancy way of saying that making money requires the input of time, thus wasting time is wasting money. But it seems that despite being Swedish in origin,...

B2B Payments
Citi Joins Trade Finance Network
February 20, 2020

Citi is signing on to Contour’s blockchain-driven trade finance network, Contour announced in a press release on Sunday (Feb. 16). The bank joins numerous banking giants on the Singapore-based network (including HSBC, Standard Chartered and Bangkok Bank), and made an investment in Contour through Citi Ventures....

B2B Payments
Debt Protection Costs Lowest Since Pre-Recession
February 20, 2020

Those looking to insure against some of the globe’s largest corporate borrowers are in luck: The debt protection cost has dropped to its lowest point since 2007, according to index provider IHS Markit. Investors are betting that strong continued support from central banks will make...

B2B Payments
Redwood Bank Teams Up With Insignis Cash Solutions
February 20, 2020

In a boon for small business (SMB) banking, Redwood Bank has teamed up with Insignis Cash Solutions to offer savings accounts to Insignis’ SMBs through the Insignis Cash Platform, according to a press release. As of mid-February, clients of Insignis can put funds into a Redwood...

B2B Payments
UK OKs Bottomline’s Experian Buy
February 19, 2020

The U.K. Competition and Markets Authority (CMA) has approved the acquisition of Experian Payments Gateway (EPG) by B2B payments firm Bottomline Technologies after finding the deal won’t negatively impact competition, according to a CMA report on Tuesday (Feb. 18). Get the Full Story Complete the form...

Banking
New York Leads US In Bank Branch Closures
February 19, 2020

Banks across the U.S. are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...