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...
With consumers already loyal to third-party aggregators, grocers are increasingly finding that they need to get on board if they want to reach their customers. In an interview with PYMNTS, Tamara Pattison, senior vice president and chief digital officer at The Save Mart Companies, which...
Back in May, PYMNTS reported that Foot Locker was planning to utilize concept stores as experimental venues for exploring localization efforts aimed at establishing stronger customer connections. Today, StockX, the resale marketplace renowned for its substantial online sales of sneakers, apparel and collectibles, is taking...
The Sunday (Sept. 24) outing of Taylor Swift to watch Kansas City Chiefs’ standout Travis Kelce on the football field wasn’t just a topic of constant conversation on the internet. It’s even made its way to Nike’s latest earnings call Thursday (Sept. 28). During the...