News

Investments
Why Tech Giants Are Hiding, Or Shifting, User Stats
February 07, 2019

In investing, as in life, information is power. We make choices based on the data at hand, sifting through what has happened in the past in order to gain an idea of what lies before us. Get the Full Story Complete the form to unlock this...

International
Reliance Industries To Invest More Than $1B In Its eCommerce Efforts
February 07, 2019

Reliance Industries, the India energy company, is gearing up to invest 100 billion rupees ($1.4 billion) as part of its efforts to diversify into eCommerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

eCommerce
Amazon Sells Cloudtail Stake Post India’s eCommerce Rules
February 07, 2019

Amazon sold its stake in Cloudtail, an Indian online retailer, to comply with new eCommerce rules in the country. According to a report in Bloomberg, Amazon put together a quick deal to sell the stake so that Cloudtail could resume selling products on its platform....

Partnerships / Acquisitions
BB&T, SunTrust Announce ‘Merger Of Equals’ To Create Sixth-Largest US Bank
February 07, 2019

Two of the nation’s largest regional banks – Winston-Salem N.C.-headquartered BB&T and Atlanta-based SunTrust – are joining forces in a bid to compete with the nation’s biggest players, care of a $66 billion merger. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Wirecard Denies New Fraud Allegations Amid Decline In Shares
February 07, 2019

Wirecard, the German-based payments company, saw its stock tank again Thursday (Feb. 7) after the Financial Times ran a new report alleging more fraud at the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Tink Raises $64M To Bankroll Its European Expansion
February 07, 2019

Tink, the Swedish FinTech that wants to create a European-wide open banking platform, announced Thursday (Feb. 7) that it raised 56 million euros — or $64 million — in a deal led by Insight Venture Partners. Get the Full Story Complete the form to unlock...

Investments
Tim Armstrong’s New Venture To Eliminate Retail Middleman
February 07, 2019

Tim Armstrong, the veteran tech CEO, is launching a new company on Thursday (Feb. 7) dubbed dtx, which will focus on direct-to-consumer (DTC) products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Proven Skincare Taps AI To Personalize Beauty
February 07, 2019

The claims that skincare and beauty brands make about their effectiveness never fail to be lofty – usually offering some combination of promises that using a specific product will make one’s skin appear to be softer, healthier, more youthful and more “glowy” within a few...

Retail
Why Smart Pet Toy Startups Are Adopting Subscriptions
February 07, 2019

Entrepreneurs can sometimes find inspiration for their next projects from their pets. The founder of Internet of Things (IoT)-based pet subscription service PupPod was inspired to start his company after observing his dog. “He would react to things on TV that you wouldn’t expect,” PupPod...