Tarabut Gateway has partnered with Visa for a Middle East/North Africa-focused open banking partnership. The companies announced their collaboration Tuesday (May 9), with plans to create “data-driven offerings” like credit risk assessments, advanced analytics, and insights before moving on to cross-border payment and lending solutions. “The future of financial services...
It has been an eventful few weeks since March’s mini banking crisis. Just last Monday (May 1) JPMorgan bought the subsequently failed First Republic Bank — a previously well-regarded and well-managed lender — showing serious aftereffects from Silicon Valley Bank (SVB) and Signature Bank’s collapses are still being felt. While...
With the increasing consumer demand for convenient pickup options in the face of rapid restaurant price inflation, Wendy’s is boosting efficiency at its drive-thrus with the help of Google Cloud. The quick-service restaurant (QSR) giant, which has roughly 7,000 restaurants around the world, announced Tuesday...
Funding and management platform 8fig has raised $140 million to help eCommerce firms navigate a tough financing landscape. The company announced its Series B Tuesday (May 9), saying it would let the company “expand its growth efforts and scale its funding capabilities” for small and...
With consumers buying more snack foods of late, according to major brands, PYMNTS research reveals they are looking for cheaper ways to get their fix while sticking with their favorite brands. Data from the latest edition of the Consumer Inflation Sentiment series, “Consumer Inflation Sentiment...
Predictive artificial intelligence (AI) has long been a chief financial officer’s best friend. For years, the cutting-edge tech, better known as machine learning (ML) or automation, has been silently performing tedious, high-value tasks across operations and helping businesses achieve future-fit efficiencies that drive growth by...
At Costco, eCommerce and discretionary items saw declines in sales in April. During the four weeks that ended April 30, the membership warehouse club recorded a year-over-year increase in total sales of 1.4% but a decline in eCommerce sales of 5.9%, according to a Wednesday...
Consumers face the choice between the effort to pick up and paying for bring-it-to-me convenience when buying goods. PYMNTS researched three categories — retail, restaurant meals and groceries — and found that across demographics, consumers prefer convenience, so long as it is within their budgets....
While apparel retailers are increasingly making forays into branded resale, creeping behind is footwear. Recently, Toms Shoes launched its resale initiative in partnership with thredUP and Sam Edelman in partnership with Archive, indicating that consumers are willing to not only resell items across more categories...
