The Bank for International Settlements (BIS) has sent out a warning about the rise in corporate borrowing, saying it could be a danger to the global financial system, according to The Guardian. In fact, BIS said the boost in borrowing in recent years by businesses...
Credit and data analytics firm PayNet is launching an automated reporting solution for lenders to more seamlessly collect and analyze financial information on small business (SMB) borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Payments technology startup ConnexPay announced $7 million in Series A funding Thursday (June 27), as well as an expanded collaboration with Visa to reduce friction in accepting virtual cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Bank for International Settlements (BIS) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
To continue fueling its transformation and focus on priorities of a regulatory nature, Wells Fargo has reportedly formed a new office. The Strategic Execution and Operations office, which is led by Derek Flowers, is said to be made of multiple teams, Seeking Alpha reported. Get...
June was a busy month for cross-border payments — done across currencies and time zones, between consumers and corporates. Going by a simple perusal of headlines, cross-border was, has been and will be in the cross hairs of many a payments player, across many a...
The central bank in Singapore has announced that it will issue five digital bank licenses to eligible applicants, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Prime Day countdown clock is ticking down, and with all the media reports about what Amazon is doing to prepare (and what everyone else in retail is doing to prepare for those preparations), it might be hard to believe that there is news to...
Malls are not exactly the hotspots of coolness and retail activity they once were. But operators of some of those shopping destinations continue to wield investment power as malls undergo remakes for the 21st century. Among the latest examples of that trend comes from Simon...
