In today’s top news, Alibaba’s Ant Group plans to go public, and the U.S. Department of Justice is investigating Wirecard’s possible role in a purported $100 million bank fraud case. Plus, Walgreens will open in-store doctor offices.
Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year. The company is seeking to raise its valuation to more than $200 billion.
Adding to the series of legal difficulties for Wirecard, the Justice Department is looking to see if the German payments company had an essential part in a purported $100 million bank fraud case involving a digital cannabis firm.
Walgreens Boots Alliance is teaming up with Chicago-based VillageMD to offer full-service doctor offices in its stores. The move comes against the backdrop of an U.S. healthcare system in upheaval from the COVID-19 pandemic.
As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company to sell insurance policies called Walmart Insurance Services LLC.
In the latest FI Fraud Decisioning Playbook, Ryan Leblond, manager of fraud prevention for ELS Federal Credit Union, explains how behind-the-scenes security like voice-printing and customer behavior analysis can help FIs thwart bad actors without making demands on legitimate customers.
In the latest Digital Consumer Onboarding Tracker, Colin Wiel, chief technology officer at property-management firm Mynd, discusses how embracing self-serve digital onboarding is crucial for real estate firms looking to make the digital leap amid the pandemic.
Earlier this week, the Consumer Financial Protection Bureau issued its final rule on payday lending, revoking the requirement that lenders must make sure that borrowers could satisfy the terms of those loans, known as “ability to repay.” The announcement has sparked debate, condemnation and support.