Banks and FinTechs are re-examining what needs to change after the Silicon Valley Bank collapse. As Form3 CEO Michael Mueller told PYMNTS’ Karen Webster, “nothing ever moves very quickly in payments.” But the last 12 months, said Mueller, show us that some long-term trends are...
The FinTech IPO Index slid 5.45%, even as earnings season has yet to fully hit home in the sector. MoneyLion shares sank 29.7% through the past five sessions. The company said that it would affect a 1-for-30 reverse stock split of its Class A common stock. In...
The move to ban cash withdrawals from government accounts in Nigeria in an attempt to digitize its economy has been a “massive hindrance” to the growth of business-to-business (B2B) payments in the country, says Yele Oyekola, CEO and co-founder at Lagos-based B2B FinTech firm Duplo....
As food aggregators see older consumers lag in adoption, discounts can help close the gap. By the Numbers Data from PYMNTS’ new exclusive report “Connected Dining: Third-Party Restaurant Aggregators Keep the Young and Affluent Engaged,” which draws from a survey of nearly 2,300 U.S. consumers...
Knowingly buying fakes is taking hold as a cost-cutting trend among younger shoppers. As the high price of luxury goods presents a barrier to purchase for many inflation-constrained shoppers, some Gen Z and millennial consumers have embraced buying fakes, or “dupes,” instead, as detailed in...
Buy now, pay later provider Splitit has unveiled what it calls a “super-fast” payment experience. Introduced Tuesday (April 25), SplititExpress lets buy now, pay later (BNPL) customers check out in under two seconds while supporting payments via Apple Pay and Google Pay. “By using cutting-edge technologies, our engineering...
JPMorgan Chase is committed to tokenize traditional finance despite upheaval in the cryptocurrency sector. The bank’s digital asset program, Onyx, is already being used by Goldman Sachs, DBS Bank and BNP Paribas, and 15 other banks and broker dealers are looking to sign up for it,...
Basware is now using artificial intelligence (AI) to address, correct and automate exception invoices. The company’s SmartPDF, which already extracted data from PDF invoices and turned 80% into real eInvoices, now incorporates self-validation artificial intelligence (AI) that can be trained to handle exception invoices automatically as...
British officials could reportedly allow uninsured depositors instant access to funds during banking failures. The U.K. Treasury and Bank of England are discussing whether some money could be released upfront to allow for business continuity for the bank’s customers, Bloomberg News reported Thursday (April 27),...
