According to Link Money CEO Eric Shoykhet, open banking in the United States is taking shape but needs some education in the mix to reach its full potential. “We’ve already seen the development of a lot of the core infrastructure that’s necessary to facilitate open...
The intersection of technology, social dynamics and economic factors has created an environment where theft — both individual and organized — has proliferated. And H&M is the most recent victim to grapple with the mounting challenges of widespread retail theft in the United States. As...
Venture capitalists (VCs) are reportedly telling startups to put plans to go public on hold. As the Financial Times (FT) reported Sunday (Oct. 1), that sentiment has become popular following the underwhelming initial public offerings (IPOs) of two high-profile companies. “In our portfolio we would...
England’s financial regulator is reportedly examining whether Revolut permitted transactions involving suspicious accounts. Revolut is in discussions with the U.K. Financial Conduct Authority (FCA) over failures that allegedly allowed funds to be released from accounts that Britain’s National Crime Agency deemed suspicious, the Financial Times (FT) reported Saturday (Sept....
As of the close of trading Friday, the third quarter’s in the books. And in just a few weeks, the scoring begins in the form of earnings season, where investors reward, or punish, publicly-traded companies as they update their quarterly results. For the FinTech IPO Index,...
If artificial intelligence (AI) couldn’t infiltrate more than enough, it has now made its way into the games we know and love. This week, Mattel unveiled Pictionary Vs. AI, an updated edition of iconic quickdraw game Pictionary. The introduction marks the inaugural instance of AI...
Toys R Us is set to undergo a major expansion. Its parent company, WHP Global, has announced a partnership with Go! Retail Group to roll out Toys R Us flagship stores nationwide in the U.S. starting in 2024, the companies said in a Friday (Sept. 29) press release. Additionally, WHP...
The ability of some of the largest and most valuable businesses in the world to differentiate their generative artificial intelligence (AI) products is inherently limited. As AI firms look to stand out in today’s crowded landscape, they are increasingly realizing that differentiation isn’t just an...
With mandated increases in delivery drivers’ pay, New York City is likely to see off-premise restaurant customers shift to pickup to avoid steeper fees. Uber, DoorDash and Grubhub lost their attempt Thursday (Sept. 28) to challenge a law that raises food delivery drivers’ minimum pay...
