Regulators in the U.S. are looking into whether big regional banks should be required to add to the debt buffer that helps them in times of crisis, which could slow down some pending mergers. Both the Federal Reserve and the Office of the Comptroller of...
Israel is well known as a world leader in cybersecurity and a critical innovation hub driving the development of tools and resources aimed at fighting cybercrime and managing the increased digital security risks organizations face today. Investors know this all too well. According to Israel...
Luxury brands like Gucci and Chanel have been expanding their horizons, opening locations in U.S. cities where they never used to do business. The stores have typically only concentrated in a few places, The Wall Street Journal reported Friday (Aug. 5), but wealth has been...
More companies have embraced selling directly to consumers, sidestepping old, larger-scale operations in favor of developing direct-to-consumer (D2C) operations. With brick-and-mortar commerce still recovering from the pandemic and shoppers electing to make more purchases online, some manufacturers in the footwear, apparel and electronics sectors have...
Five Turkish banks have adopted Russia’s Mir payments system, a Bloomberg report said Saturday (Aug. 6), quoting Turkish President Recep Tayyip Erdogan after his talk with President Vladimir Putin at the Russian resort of Sochi. The report said Erdogan spoke of “serious developments” on work...
Today in B2B payments, global supply chains report less strain in July than at any point since January 2021, while NACHA says B2B automated clearing house (ACH) volume rose 12.3% year over year in the second quarter. Plus, Telio aims to grow its B2B eCommerce...
This week in Europe, London-based open finance platforms Yapily and Ecospend rolled out new initiatives to drive open payment adoption in the U.K., and Germany’s Airbank teamed up with Klarna Kosma to secure access to account information from 15,000 banks in 26 countries. As open...
Vietnamese startup Telio aims to raise $50 million to $60 million in the latest funding round for its business-to-business eCommerce platform, Nikkei Asia reported Friday (Aug. 5). Started by Bui Sy Phong in 2019, Telio had raised $51 million by November 2021, at which time...
The week started with a simple blog post from Amazon. “Get Same-Day Delivery from your favorite retail stores,” the eCommerce giant said in a blog post, as it outlined its latest effort to get more in-stock goods, from more stores, into the hands of more...
