News

Security & Fraud
For AML, Three ‘I’s: Innovation, Interoperability … And Identity
September 24, 2019

If the backbone of digital commerce is trust, here are a few vertebrae: innovation, interoperability and identity. Zac Cohen, general manager at Trulioo, tells Karen Webster that privacy and convenience need not be mutually exclusive when building trust.

Serving Mobile P2P Payments To The Gen X Crowd
September 24, 2019

Financial providers worldwide are working to give small and medium-sized businesses (SMBs) quick access to their funds. Digital banks, for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with...

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...

International
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...

Investments
Sweetgreen Closes $150M Funding Deal On A $1.6B Valuation
September 23, 2019

Restaurant disruptor sweetgreen raised $150 million in a new funding round co-led by Lone Pine Capital and D1 Capital Partners, sweetgreen said in a press release on Monday (Sept. 23).   Get the Full Story Complete the form to unlock this article and enjoy unlimited free...