News

B2B Payments
UK’s Nationwide Makes Open Banking FinTech Investments
September 24, 2019

U.K. financial institution Nationwide Building Society has made an investment in open banking FinTech BankiFi, the companies revealed in an announcement Monday (Sept. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Fundbox CEO: How To Fix The ‘Net Terms’ Economy
September 24, 2019

Allow us to be blunt: The B2B finance and invoice settlement system is broken. 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...

IPO
Silicon Valley Investors Seek IPO Funding Substitute 
September 24, 2019

Investors and attorneys from Silicon Valley are pressing for an initial public offering (IPO) alternative to help new businesses raise funds, The Financial Times reported on Tuesday (Sept. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Zurich FinTech neon Closes $5M Round For Mobile Banking Expansion
September 23, 2019

Zurich-based FinTech company neon announced it has closed a $5 million fundraising round led by Tamedia. 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...

Cross-border Payments
China To Send Gov’t. Reps To Private Firms To ‘Boost Local Manufacturing Industry’
September 23, 2019

China is set to assign government officials to work with 100 private companies, including eCommerce giant Alibaba, to “boost the local manufacturing industry,” according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Microsoft AI Tool Lets Retailers Track Shoppers’ Actions
September 23, 2019

Microsoft announced that it is launching two new software solutions to give traditional retailers the ability to track customers and improve service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
Metro Fails To Attract Investors To Bond Issue
September 23, 2019

Metro Bank in the U.K. jettisoned a $250 million pound bond issue on Monday (Sept. 23), after not enough investors picked up on it, even though it had a high yield, according to a report by Reuters. Get the Full Story Complete the form to...

Investments
SoftBank’s Hard Landing Among The Tech Unicorns
September 23, 2019

Rise by the tech unicorn, sink by the tech unicorn. 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 Today. By completing this...

Investments
Uber’s Kalanick Invests In India’s Biggest Shared Kitchen Company
September 23, 2019

Travis Kalanick, founder of Uber who was ousted after a series of scandals, has made his next big investment, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...