FinTech lenders are backing more loans with deposits as investors become tougher to find amid rising interest rates and expectations for higher yields. Banks and investors have also become more selective about where they put their money and are guarded about credit risk and the...
Payments fraud is not just a matter of end user vulnerability — the unwitting consumer who clicks on a link or the authorized push payment that disappears into the proverbial ether after a fraudster impersonates a family member or friend via text message. Payments fraud...
Securities and Exchange Commission (SEC) Chairman Gary Gensler is changing directions in the argument over whether or not cryptocurrencies are securities, signalling a change in tactics. In an Aug. 19 op-ed in The Wall Street Journal, Gensler took a much broader, for-the-layman approach to the...
With Macy’s set to give an update tomorrow, after Walmart, Target and Kohl’s set the stage last week, players of all shapes and sizes are trying to find ways to shrink Amazon’s widening moat in the important retail apparel category. Action is fast and furious...
Saying it expanding its efforts to help its customers cope with inflation, French retailer Carrefour has frozen prices on 100 “everyday essential” products through Nov. 30. The items included in this offer are among the company’s own branded products in both food and non-food categories...
It is hardly surprising that Walmart is no longer delivering via DoorDash, considering that the two firms are in competition when it comes to providing delivery fulfillment for grocers. The two companies recently ended their relationship after four years of the retailer offering on-demand delivery...
Saying it’s time for a restart, footwear company Adidas announced that its supervisory board and CEO Kasper Rorsted have mutually agreed that Rorsted will leave the CEO position in 2023. Rorsted will remain CEO as the company searches for a successor and until the new...
There are close to 200 global fiat currencies, a veritable financial Tower of Babel. Add to that cryptocurrencies, and you have unprecedented FX complexity in play when seeking to manage-cross border payments. Managing the Complexity How can CFOs manage this level of complexity? One way...
Mostly known in China for connecting agriculture products to consumers, eCommerce marketplace Pinduoduo is reportedly expanding its platform globally, with the first launch in the U.S. next month. The platform and application are expected to follow SheIn’s model, the largest independent cross-border eCommerce platform in...
