News

Retail
IKEA Parent Ingka Acquires Supply Chain Software Solutions Provider Made4net
May 31, 2023

IKEA stores will soon be operating with a new warehouse management system designed to improve the omnichannel experience. 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...

Banking
Wells Fargo Reportedly Working with Borrowers as Office Sector Struggles
May 31, 2023

Wells Fargo reportedly expects to see losses from real estate loans. 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...

Artificial Intelligence
Oxford Professor Says AI Threat Is Bias, Discrimination, Environmental Impact
May 31, 2023

A University of Oxford professor said the threat of artificial intelligence (AI) centers on “bias, discrimination and the environmental impact.” 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...

Artificial Intelligence
Instacart Introduces ChatGPT-Integrated Discovery Tool as eGrocers Aim to Do More
May 31, 2023

To extend its role in consumers’ day-to-day food routines, Instacart is leveraging artificial intelligence (AI) to offer consumers meal planning tools and other inspiration-finding capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Digital Banking
UK Neobank Monzo Records First Monthly Profits
May 31, 2023

British neobank Monzo says it has reached profitability while reducing its annual losses. 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....

Retail
Rising Organized Retail Theft Puts Pressure on Profits for Major Retailers  
May 31, 2023

It’s more than shoplifting. It’s organized retail theft. That’s been a common narrative for the past few years.  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...

Investments
Web3 Firm Magic Summons $52 Million With PayPal Ventures’ Help
May 31, 2023

Wallet-as-a-Service provider Magic has raised $52 million in a round led by PayPal Ventures. 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...

Payment Methods
Mastercard and Fabrick Partner on Embedded Finance Solutions in Europe
May 31, 2023

Mastercard and Fabrick have expanded their partnership to develop embedded finance solutions for European businesses, financial institutions and FinTechs. 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...

Investments
Vartana Raises $20 Million for B2B Sales Closing and Financing Platform
May 31, 2023

Vartana has raised $20 million to grow its B2B sales closing and financing platform. 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...