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),...
The last time the U.K. issued gambling regulations, the iPhone hadn’t been invented. Since then, advances in technology and an increase in betting among the public have rendered the country’s 2005 Gambling Act outdated, the British government said in a white paper published Thursday (April 27). It...
Struggling apparel retailer Gap is cutting 1,800 jobs as it looks to reduce expenses. The company announced the layoffs in a regulatory filing Thursday (April 27), in which it said these cuts were part of a plan to “simplify and optimize its operating model and...
Hasbro is finding that demand for toys is down, while digital gaming remains strong. Overall, the branded entertainment company saw revenues decline 14% year over year during the first quarter, in which the current environment remained challenging and the company worked to clear retail inventory,...
BaubleBar has made an entire business around customization, initially with jewelry and later expanding to phone cases. While this may appear to be a niche product at first glance, consumer behavior has shown that BaubleBar’s emphasis on personalization has resonated with its audience. The brand...
Federal regulators are reportedly considering lowering their private assessments of the struggling First Republic Bank. That’s according to a report Wednesday (April 26) by Bloomberg News, citing sources with knowledge of the matter. The report notes that such a decision by the Federal Deposit Insurance...
