News

Partnerships / Acquisitions
Moving FI, FinTech Partnerships Beyond The Press Release
November 07, 2019

Big, splashy announcements of freshly-forged partnerships between FinTechs and mainstream payments and financial services players are released by the dozens these days. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
FinTech Startup Digits Notches $10.5M
November 07, 2019

FinTech startup Digits has announced the close of a $10.5 million Series A funding round, led by Benchmark. There was also participation from 72 angel investors in the funding, including founders and CEOs from companies like Box, GitHub, Tinder, Twitch, Stitch Fix, SoFi and others....

Investments
SoftBank CEO Vows WeWork Blunder Won’t Happen Again
November 06, 2019

SoftBank CEO Masayoshi Son calls his company’s decision to save WeWork “an exception” that won’t happen again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Banking
Deutsche Bank Backs Idea For Stronger Banking Union
November 06, 2019

Deutsche Bank Deputy Chief Executive Officer Karl von Rohr said the bank welcomes a finance ministry proposal from Germany that would strengthen the European banking union, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
How Integrated Receivables Connect Corporates With Data And Analytics
November 06, 2019

FinTechs are connecting banks with tools such as integrated receivables that they can provide to their corporate customers — and offer them one view of all their payments. This technology has three components, including remittance matching, a single file for an enterprise resource planning (ERP)...

Ridesharing
Uber CEO Says Its Business Is Stronger Than WeWork
November 06, 2019

At a New York Times DealBook conference on Wednesday (Nov. 6), Uber CEO Dara Khosrowshahi defended the company’s business, saying that it is viable and very different from WeWork, which recently had to call off an initial public offering (IPO) over plummeting value and troubles...

Retail
IKEA, H&M Funding Tech Startups To Sidestep Retail Disruption
November 06, 2019

IKEA and Hennes & Mauritz (H&M) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Digital Banking
JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts
November 06, 2019

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Bank Of The West Links Business Customers To Brex Cards
November 06, 2019

Commercial card startup Brex is collaborating with BNP Paribas subsidiary Bank of the West. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...