News

Banking
India’s Shadow Banks See Foreign Loans Tumble
September 04, 2019

India’s shadow banks are struggling as defaults in the country’s credit market have risen. 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...

Cross-border Payments
Japan’s Struggling Regional Banks Take Investment Risks To Stay Afloat
September 03, 2019

Japan’s struggling regional banks are taking on riskier investments as they struggle to survive. 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...

Retail
UK Casual Dining Firm The Restaurant Group Shutters 150 Eateries
September 03, 2019

Europe’s The Restaurant Group (TRG), which operates over 650 restaurants and pubs across the country, is closing 150 eateries, Financial Times reported on Tuesday (Sept. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Carlyle Group Makes Large Investment In AI Hiring Firm HireVue
September 03, 2019

Large investment and equity firm Carlyle Group has taken a majority stake in an artificial intelligence (AI) hiring firm called HireVue, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
Top News In Payments: Innovators Make The Visible, Invisible; EU Leaders Plan Data Use, AI...
September 03, 2019

Today in the payments news roundup, transformative innovations in payments and commerce are making the visible, invisible. Also, incoming European Union (EU) leaders are planning laws governing artificial intelligence (AI) as well as big data. And regulators are taking a close look at payroll advance apps....

Banking
Monese Teams With FinTech Raisin To Offer Savings Access
September 03, 2019

The European banking app Monese has formed a partnership with cross-border deposits marketplace Raisin, as reported on Tuesday (Sept. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cross-border Payments
Seven EU Firms Form X-Border Mobile Payment Network
September 03, 2019

Seven European payments operators — most of them owned by banks — that own and operate mobile payments services said Tuesday (Sept. 3) that they are in the midst of building a pan-European network focused on cross-border mobile payments. Get the Full Story Complete the...

Cross-border Payments
India’s MobiKwik Turns A Profit
September 03, 2019

The 10-year-old Gurgaon-headquartered mobile payments firm MobiKwik has hit its profit goals and is now making money, as reported on Tuesday (Sept. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Samsung Develops Second Foldable Device
September 03, 2019

With a high-end product that is said to fold inward like a classic flip phone, Samsung Electronics Co. is reportedly gearing up to unveil a second foldable device in 2020. The company is at work on a product that has a 6.7-inch inner display that...