The FinTech IPO Index barely budged this past week, giving up a slight 0.1% through the past five sessions. A bit less than three months from now, earnings season will be in full swing again, and we’ll see if the lending picture has brightened, if...
One of the more compelling stories to come out of the pandemic was the idea of shoppable content. The hyper-convenient purchase moment and context of shoppable content, along with its emergent cousins like social shopping and live selling, seemed poised to take off. Click-through to...
In March, PYMNTS reported on Nordstrom’s shift from its prior reputation of luxury and exceptional service to utilizing substantial discounts to manage inventory, resulting in decreased sales and profits during the fourth fiscal quarter. Today, has the narrative evolved? While the retailer asserts a more...
Luxury watchmaker Rolex plans to boost its presence in the retail space by acquiring watch merchant Bucherer. This acquisition will ensure the continuation of Bucherer’s success and strengthen the close ties between the two companies that have been nurtured since 1924, Rolex said in a Thursday (Aug. 24)...
Healthcare payments firm Waystar Technologies is ready to become a public company. Waystar announced Thursday (Aug. 24) that parent company Waystar Holdings had confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission (SEC) for proposed initial public offering (IPO). “The number of shares to be...
Citi says it is investing in Peruvian foreign exchange (FX) FinTech Rextie. “The investment makes Rextie Latin America’s first FX FinTech to receive an investment from one of the largest banks in the world,” Citi said in a news release Thursday (Aug. 24). In addition to the investment,...
Meta said its latest artificial intelligence (AI)-related venture will help developers write code. “Today, we’re releasing Code Llama, a large language model (LLM) that can use text prompts to generate and discuss code,” the social media giant wrote in a Thursday (Aug. 24) blog post. “Code Llama...
ProPricer has added a cash flow management tool to its cost proposal solution for government contractors and federal agencies. By seamlessly integrating with the ProPricer Contractor Edition platform, the new Cash Flow Pro tool empowers contractors to gain comprehensive cash flow insights, streamline reporting processes and enhance...
It is the European Union’s (EU) digital decade — and it starts Friday (Aug. 25). The rest of the world, particularly its tech sector, has officially been put on notice. That’s because the four-month grace period for the world’s largest tech companies to comply with...
