MoneyLion, the mobile personal finance platform that leverages machine-learning analytics, announced it raised $22.5 million in a Series A venture capital funding round led by Edison Partners. That, coupled with $650 million in existing debt facilities, will fund the company’s growth and expand its lending...
Federal prosecutors and FBI agents in Pittsburgh said that a business in Pennsylvania incurred significant financial impacts due to an international cybercrime operation taken down by federal authorities and the European Union last week. Get the Full Story Complete the form to unlock this article...
FinTechs that want to use data from social media for credit underwriting got a warning from Federal Reserve Governor Lael Brainard, who said they could run afoul of fair lending laws if they rely on social media data. Get the Full Story Complete the form to...
B2B supply chain management company Tradeshift just secured backing from Santander’s venture capital arm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Personal Money Service is expanding its loan product offerings to corporate borrowers. The firm announced Monday (Dec. 5) that it is rolling out several new loan products in response to continued demand for working capital among business owners. Get the Full Story Complete the form...
Corporates offloading Chinese renminbi overseas have local banks scrambling to stunt the outflow of local currency, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Blockchain will change everything — or so many analysts thought. The hype over distributed ledger may have hit its apex, and we’re already seeing evidence of its decline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Movements in payments stocks was decidedly to the downside, as declining names showed more dramatic shifting than did advancing issues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
It’s no small task. Most know by now that the movie theater industry has been through some considerable struggles in the past few years. MPAA statistics show that theater admissions in North America have been flat in recent years. In 2015, 1.32 billion tickets were...
