News

Retail
Chapter 11 Watch: Takata, A Hanjin Update And Are Chico’s, Lands’ End Next Up?
October 14, 2016

There’s been a lot of bankruptcy news this week. So, without further ado, here’s the latest in bankruptcy news and trends from the past week or so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Artificial Intelligence In Retail Is Already Here
October 14, 2016

Artificial intelligence (AI) is becoming more and more prevalent in almost every facet of people’s day-to-day lives, from its ability to defeat world-class chess players to its implementation into self-driving cars. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

eCommerce
PYMNTS Daily Data Dive: Alibaba To “Upgrade” China’s Retail
October 14, 2016

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
Bitcoin’s Resplendent Week
October 14, 2016

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,...

International
South Korea’s Young Startup Scene Is Growing Up Fast
October 14, 2016

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...

Security & Fraud
Hackers Won’t Let SWIFT Catch A Break
October 14, 2016

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...

Partnerships / Acquisitions
TrueCar, Car And Driver Launch New Car Buying Service
October 14, 2016

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...

Banking
Goldman Sachs Rolls Out Marcus, Its Online Personal Loan Platform
October 14, 2016

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...

Banking
Wells Fargo’s New CEO Sloan Has Lots Of Work To Do, Including 3Q Earnings
October 14, 2016

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...