News

Amazon
Google And Amazon Casualties Of Russia’s Telegram Ban
April 18, 2018

Russia is making good on its threat to ban Telegram by blocking IP addresses owned by Google and Amazon, saying they were being used by the messaging service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Carvana Acquires 360-Degree Imagery Tech Startup Car360
April 18, 2018

Carvana, the Phoenix-based online buying and selling platform for used cars and creator of the used car vending machine, has acquired computer vision startup Car360, which leverages 360-degree imaging technology to help sellers show off their vehicles from every angle. Get the Full Story Complete...

CFPB
Senate Vote On CFPB Auto Lending Rule Planned For Next Tuesday
April 18, 2018

The Senate is set to vote to rescind the Consumer Financial Protection Bureau’s rule on auto lending as early as this coming Tuesday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
Indian Officials Say Country Has Enough Cash As ATMs Run Dry
April 18, 2018

With India’s banknote shortage spreading across the country, the government said Tuesday (April 17) that there is enough currency available and that there are moves being made to print more currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
French President Calls For EU Banking And Lending Reform
April 18, 2018

Reuters reported Tuesday that French President Emmanuel Macron may seek to change the enforcement of some banking rules across Europe.  The goal of changing the way the rules are carried out, spanning the banking and insurance industries, would be to boost lending activity. Get the...

Banking
Goldman Sachs’ Marcus Has Issued $3B In New Loans Since Inception
April 18, 2018

Marcus, the consumer lending unit of Goldman Sachs, has issued $3 billion in new consumer loans since launching in October of 2016 through the first quarter of 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital Banking
Risky Business: When FIs Make AI A “Black Box”
April 18, 2018

From giving consumers in the developing world access to mobile and online banking capabilities to pushing banking tech forward in hopes of creating a new world of intelligent applications, digital banking technology is turning the financial industry on its head. Get the Full Story Complete...

Risk Management
Trade Credit’s $2.5 Trillion Ticking Time Bomb
April 18, 2018

There is hardly a more difficult conversation to be had, CreditRiskMonitor CEO Jerry Flum told Karen Webster in a recent conversation, than the one the finance guys have with a sales guy about why they can’t approve shipping out a big order to a big buyer – especially if that buyer has...

Retail
Walmart Gets Support Of Flipkart Shareholders, Excluding SoftBank
April 17, 2018

Walmart, which is trying to acquire a big stake in India’s leading eCommerce player Flipkart, has reportedly convinced some of its key shareholders to sell their stakes to the retailer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...