Walmart’s Flipkart is reportedly entering the lending sector as it battles Amazon for India’s consumers. The eCommerce site has begun offering customers personal loans through a partnership with Axis Bank, per a recent report by Indian news outlet The Arc. That report — citing unnamed...
Teen-centric jewelry and accessory retailer Claire’s has scrapped its plan to go public. The company had filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) in 2021, but withdrew that application in a new filing last week, saying it...
The financial industry is at a turning point in its history as more users flock to digital banking, many of whom plan never to set foot in a brick-and-mortar branch again. A crop of digital-native alternatives has sprung up to satisfy this electronic demand, with...
Returns have long been a cumbersome process for consumers, commonly regarded as a task most of them detest. This intense dislike has gradually permeated through brands and retailers, impacting their overall profitability, albeit not in the conventional sense. Customers do engage in returns, but their...
We are increasingly living in a data-driven economy, and businesses must keep up if they want to stay alive, much less compete. In today’s new world, formerly frontier technologies are being leveraged to change the game and allow for business innovations at a pace that...
Online fast-fashion retailer Shein is reportedly working with investment banks about a possible public listing. The Chinese company has held talks with both the New York Stock Exchange and Nasdaq, Reuters reported Tuesday (July 4), citing sources familiar with the matter. Six sources said Morgan...
Great Britain’s central bank is considering new restrictions on international banks doing business in England. As the Financial Times reported Tuesday (July 4), the Bank of England (BoE) could force more foreign banks to establish British subsidiaries, rather than branches. According to the report, citing...
Meta’s text-based Twitter competitor has a name and an apparent launch date. “Say it more with Threads — Instagram’s text-based conversion app,” reads a listing posted Tuesday (July 4) on Apple’s app store. The new app is expected to debut Thursday (July 6), and arrives...
Singapore-based payments FinTech Nium hopes to become a public company in two years. The $2 billion firm aims to go public in the U.S. by 2025’s second quarter, co-founder and CEO Prajit Nanu said in an interview with Bloomberg News posted Tuesday (July 4), adding that...
