FinTech-as-a-Service firm Solid Financial is being accused of falsifying its revenue numbers to woo investors. A lengthy report published Monday (Sept. 18) by FinTech Business Weekly said the company appears to have undertaken a scheme to inflate its booked revenue to present a positive impression for potential...
Citi Treasury and Trade Solutions has unveiled a digital asset solution designed to enhance cash management and trade finance capabilities. By using blockchain and smart contracts, the new Citi Token Services aims to provide institutional clients with “always-on” and programmable financial services, including cross-border payments,...
The artificial intelligence (AI)-driven workplace is taking shape. But as companies look to squeeze efficiencies out of the technology from departments as diverse as marketing, finance, legal and more, they are at times running into a bottleneck: their own human employees. More than 650,000 American...
Amazon is gearing up for its first Prime Big Deal Days event, which will take place from Oct. 10 to Oct. 11. The 48-hour event promises discounts on a wide range of products exclusively for Prime members, including fashion, home goods and toys, the company...
Citi TTS North America Head of Payments and Receivables Anupam Sinha told PYMNTS’ Karen Webster that 2023 has been a year where companies have focused on cost reductions. Nonetheless, said Sinha, among the key words of advice Citi is offering its corporate clients is this: “You...
By Travis LeBlanc, Jonas Koponen, Anna Caro and Mari Dugas The meteoric rise of AI in the public’s consciousness and the launch of several innovative services, including Open AI’s ChatGPT-4 and Stability AI’s Stable Diffusion, has brought with it a fierce debate on how, if...
The private market industry has maybe 11,000 players, Partners Group CEO David Layton says. Over the next decade, that number could fall to under 100. In an interview with the Financial Times (FT) Sunday (Sept. 17), Layton predicted a “new phase of maturation and consolidation” due to rising interest rates,...
American retailers are set to hire the lowest level of seasonal holiday workers in 15 years. That’s according to an article Friday (Sept. 15) by Reuters, citing a report by employment service Challenger, Gray & Christmas (CGC) provided exclusively to the news outlet. The report shows stores planning...
Silicon Valley Bank’s former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall Street Journal (WSJ) reported Friday (Sept. 15), citing sources familiar with the matter. Those potential buyers include SkyBridge Capital, and Atlas Merchant Capital — both working together...
