KeyBank has acquired a digital lending platform for small businesses developed by Bolstr, the financial institution (FI) announced Wednesday (June 20). KeyBank expects to fully implement the platform sometime this year as it moves to accelerate small businesses’ access to Small Business Administration (SBA) loans and...
JPMorgan’s treasury management services are the financial institution’s (FI) latest target for technological innovation, reports in CNBC said Wednesday (June 20). The bank is reportedly testing an artificial intelligence (AI)-powered bot to support corporate clients and anticipate their needs. The publication said such a bot...
Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. According to Bloomberg, one source claims that the California-based firm is engaging in conversations with the Office of the Comptroller of the Currency, which charters...
Singapore is launching a payments platform in an attempt to reduce the use of cash and checks as the country moves towards a digital economy. Checks will no longer be used in the country by 2025, while ATM cash withdrawals will fall significantly, Education Minister...
Starbucks, coming just weeks after boasting about its expansion in China, is seeing a slowdown that it’s blaming on third-party delivery services. According to a report in Reuters, the third-party delivery services that bring caffeine-infused drinks to Chinese consumers have been clogging up the cafe...
GoFundMe has launched GoFundMe Team Fundraising, allowing groups of people to raise money together for a single effort. The service will enable schools, churches, sports teams and other groups to set up fundraising campaigns on the site. “GoFundMe Team Fundraising is specifically designed to help...
Among the more than 145 million U.S. consumers whose financial information was exposed in the Equifax hack, some have been able to collect compensation from the company — while others haven’t. According to a report in The New York Times, the ones who have been able...
French startup Tiller has raised $13.9 million (€12 million) in a Series B round, which will be used to further develop its digital cash register, as well as to expand into other locations. According to reports, the round was led by Ring Capital, with Omnes...
Welcome to Five at Five, your late look at today’s payments and commerce news. Coverage includes a look at the newest feature connected to Amazon Prime, along with new funding, and a new hire, for a digital job search firm. Two other stories bring you...
