As financial institutions (FIs) invest in technology in an effort to position themselves more competitively against FinTech firms, the development of so-called chat bots and “robo advisors” has accelerated. Projects from Wells Fargo, JPMorgan Chase and RBS have all surfaced in recent years, as FIs deploy...
What does small business (SMB) lending look like? It depends on many factors, including one’s location. For example, alternative finance in the U.K. seems to be kicking off, showing evidence of surpassing traditional bank lending at many times. Meanwhile, in the U.S., SMBs are too...
Late payments are on the rise in Eastern Europe, according to Atradius’ latest report on global debt collection practices — and late payments are being used as a form of financing. Elsewhere, in the United Kingdom, late payments are impacting healthcare.
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Seemingly legit businesses are often used to mask illicit operations banking on human trafficking, sometimes leading FIs to unwittingly support the practice. In the latest Digital Banking Tracker, Dr. James Cockayne, head of secretariat for the UN’s Financial Sector Commission on Modern Slavery and Human...
Tencent Holdings revealed that it is restructuring for the first time in six years as it faces tougher Chinese internet regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Fidelity Investments, the Boston-based fund company, is becoming a leader in blockchain technology, investing billions of dollars on that and other cutting-edge technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Amazon is reportedly getting into the online mattress business, entering a market in which a handful of startups are trying to dominate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Bad news and rumors seem to travel more quickly than good news, and that’s certainly true in the digital age. The latest example? A WhatsApp message that caused a significant stock price drop in India for an eCommerce firm. Get the Full Story Complete the...
