The CFPB is urging consumer reporting companies to be mindful of users as they implement technology. In a Tuesday (Jan. 3) press release, the Consumer Financial Protection Bureau (CFPB) summarized its annual report on the companies’ responses to consumer complaints. The agency said in the...
Warnings on stablecoins from a trio of regulators may cause banks to seek digital alternatives instead. And digital dollars (aka CBDCs) and tokenized deposits issued by traditional banks may be among those options. The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of...
The carnage that hit the FinTech IPO Index last year was nearly absolute. One number says it all, perhaps, at least in shorthand: The Index wound up a terrible, no good, let’s-put-it-in-the-rearview mirror year with a loss of more than 51%. That was roughly in...
In the face of a predicted recession, businesses need to get paid faster to survive. High inflation, rising interest rates and the eddying threat of further economic headwinds just around the corner are sending executives across industries scrambling for working capital and cash flow management solutions that...
FinTech-focused funds and indexes reportedly suffered greater losses than financial or tech ones during 2022. The Wall Street Journal (WSJ) reported Tuesday (Jan. 3) that three FinTech-focused funds and indexes saw drops of greater than 50% during the year, with the Global X Fintech ETF...
For payments platforms, big retail’s eCommerce efforts beckon as a growth market. For Shopify, big retail may be a tailwind for top-line momentum. To that end, Shopify said on Tuesday (Jan. 3) that it had launched a new tech stack service available in a la...
Shopify says it is opening its eCommerce infrastructure to some of the world’s biggest retailers. That’s the goal behind Commerce Components by Shopify, which the company debuted Tuesday (Jan. 3), describing it as a “modern, composable stack for enterprise retail.” “We’ve always approached innovation at...
European regulators are looking to clamp down on late B2B payments in 2023. In the U.K., the government announced the launch of a review into progress made in combating late business payments at the end of 2022, while the European Commission (EC) has included the...
Uber has launched the Uber Travel feature suite in Egypt. Specifically, “Smart Itineraries” has been launched in the country, allowing users to sync their travel plans with the Uber app and reserve a ride in advance based on hotel and flight bookings. “Uber Travel forms...
