There is a clear pattern in B2B FinTech investment. Recent years saw a surge in funding for alternative finance players, as a gap in access to traditional bank loans paved the way for AltFin to make its splash. While the alternative lending hype has dulled...
Wells Fargo was fined $185 million in 2016 for opening millions of potentially fake accounts, prompting the Office of the Comptroller of the Currency (OCC) to perform a months-long industry-wide review. However, the U.S. regulator has concluded that the practice of creating fake customer accounts isn’t...
Along with announcing the launch of Stitch Fix Kids, apparel company Stitch Fix announced that it beat Wall Street expectations on Thursday (June 7), which sent its shares soaring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Chatbots are already being used in a variety of industries — and now those in the legal industry are finding ways to experiment with artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Goldman Sachs Group Inc., Morgan Stanley and Credit Suisse Group AG have all been left on the sidelines of the banking industry’s new power lobbying group. Though all three firms were originally slated for inclusion in the trade association — formed to lobby on behalf...
There are big fundraising rounds, massive fundraising rounds and incredible fundraising rounds. And then there’s raising so much money in a single shot that — overnight — a firm is worth money than Goldman Sachs. There’s no specific adjective for that type of fundraising round...
Consumers want a seamless transaction. Banks and enterprises want to know the person trying to transact is legit. The digital realm is ripe with challenge and opportunity when it comes to eCommerce. As Entersekt boosts efforts in North America, says SVP Sherif Samy, a device...
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Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today brings news of Target’s delivery advancements and a new LinkedIn commuting feature. Amazon’s Alexa has a new job, Asian banks make a FinTech announcement and mirrors...
