On-demand workspace startup WeWork has secured significant funding from investors and has aggressive plans for global expansion, but the company’s losses are ballooning, according to reports in The New York Times this week. Get the Full Story Complete the form to unlock this article and...
While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. That burden is often considered a necessary evil, one that analysts say forced some...
Lyft, the ride-hailing startup that is gearing up for an initial public offering later this week, will reportedly price shares higher than the initial range due to strong demand on the part of investors. Get the Full Story Complete the form to unlock this article...
Much has been said about how Europe is shaping up to be ground zero for seismic changes in Big Tech, as regulators are, have been and will continue to impose mandates on what can and cannot be used in terms of consumer data. However, in...
Ahead of the Shanghai Auto Show, Daimler is reportedly coming close to a deal to sell a stake in its small car division Smart to Geely Auto. An unnamed source claimed that the deal would be confirmed prior to the event in April, The Financial Times reported....
Trust keeps the sharing economy afloat. It’s what makes sellers feel comfortable with lending their personal properties to buyers whom they have never met. It’s also what keeps buyers feeling assured that suppliers will not take their hard-earned cash without delivering the services they promise....
The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. Get the Full Story Complete the form to unlock this article...
The European Commission, along with France and Germany, are calling on China to open its domestic market more to foreign companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Bank of America is the largest investor in blockchain patents, but according to CNBC reports on Tuesday (March 26), the company’s own technology leader is herself skeptical of blockchain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
