Rampant fraud in the global trade finance space is forcing the industry to go digital, according to Asia’s second-largest lender, OCBC. The Singapore bank’s Managing Director and Head of Global Commodities Finance Ng Chuey Peng told Bloomberg that “trade finance is due for a transformation,” reports said Monday...
The Better Business Bureau (BBB) is issuing a warning to small businesses (SMBs) about a possible lending scam shedding light on the risks of online lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), is in talks about letting online banks operate in the city. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Starbucks is teaming up with Microsoft on AI-powered projects that will do everything from gathering customer preferences to connecting coffeemakers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The ACH Network has started off 2019 strong, with the number of payments in Q1 up 5.8 percent from the previous year. In 2018, there were 27 billion ACH payments, and more than $51 trillion in value moved across the ACH Network. Get the Full Story Complete...
Lyft shares fell as much as 4.2 percent on Monday (May 6) after reports came of a drivers’ strike, planned for this week. The planned rideshare strike is set to take place in New York City on Wednesday (May 8), and similar action could reportedly take place in other...
When it comes to long-term consumer relationships, few businesses can top banks. They tend to keep ties with consumers over decades — and, sometimes, those ties can last generations for families. At the same time, financial institutions (FIs) typically know much less about their customers...
Chinese coffee company Luckin, a fast-growing startup that aims to replace Starbucks as China’s largest coffee giant, is looking to raise $586.5 million ahead of its IPO, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and...
Instagram has a counterfeit goods problem. 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 form, you agree to...
