Commercial payments company WEX is adding a new business segment under its Corporate Payments division, created to address the payments needs of financial institution clients, the firm said Tuesday (Sept. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Open banking FinTech startup Bud is reportedly laying off up to one-fifth of its staff just months after announcing a $20 million fundraise, The Telegraph reported on Monday (Sept. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
TuSimple, a U.S.-based startup developing self-driving trucking technology for the fleet and long-haul trucking sector, has announced a top-up of its oversubscribed funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. 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...
U.S. financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Open banking is opening doors for FinTech and FI collaborations, where cross pollination of financial services and products is gathering momentum. In Europe, new offerings bring real time management of FX and cash positions into focus.
The fallout over alleged fraud at the hands of payroll software company MyPayrollHR came to a head this week when the Federal Bureau of Investigation announced a probe into the company and claims that it, or its founder, stole $35 million in payroll from its...
For FIs, staying secure requires a fundamental shift in how they protect against account opening fraud and synthetic identity theft, says Dominic Venturo, executive vice president at U.S. Bank. In the latest Digital Banking Tracker, he discusses how machine learning provides layered fraud protection to...
In the $1.8T construction industry, payment delays to contractors and subcontractors can have a crippling effect on the timely completion of projects. Karin Rush and Linnet Phoenix of DPR Construction explain how virtual and purchasing card technologies keep its network of 4,800 subcontractors from avoiding...
