Alibaba is warning China’s retailers that it plans to revolutionize the nation’s retail sector. According to Internet Retailer, in a letter to shareholders sent on October 13, CEO Daniel Zhang outlined plans to make product manufacturing, distribution and service more efficient by “upgrading” traditional systems...
Bitcoin has had a great week, mostly. It’s rallying in China as the yuan devalues, central banks worldwide are experimenting with blockchain and a New Hampshire town is spreading the bitcoin vibe across the local radio airways. There is some less-positive news in Turkey, however,...
Though South Korea’s startup ecosystem is relatively new — its first accelerator was launched just three years ago — the culture is evolving quickly. With a big government backing, bold entrepreneurial spirit and increasing FinTech interest, the country’s tech scene is quickly becoming a global...
Another day, another cyberthreat on SWIFT. 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 Today. By completing this form, you agree to...
TrueCar and Hearst Autos’ leading automobile magazine and website, Car and Driver, have announced a partnership to launch a new car buying service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Goldman Sachs Group announced on Thursday (Oct. 13) Marcus by Goldman Sachs, an online platform offering unsecured personal loans to consumers. Named after Marcus Goldman, one of the firm’s founders, Marcus by Goldman Sachs is a new business that Goldman Sachs said benefits from the...
Wells Fargo’s incoming chief executive, Timothy Sloan, who is replacing CEO John Stumpf who resigned on Wednesday (Oct. 12), will have a lot of work to do, not only because the embattled financial services company is slated to report third quarter results on Friday (Oct. 14) but...
ACI Worldwide, a global provider of real-time electronic payment and banking solutions, announced on Thursday (Oct. 13) it has provided the back-end technology for TransferWise’s integration into the Faster Payments Scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Alibaba warns that Chinese eCommerce operators could face “tremendous challenges” as it aims to transform the country’s traditional retail industry, worth an estimated $4.5 trillion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
