In response to widespread demand for convenience, nonfinancial companies are using banking-as-a-service (BaaS) to seamlessly integrate financial products into traditionally nonfinancial platforms and experiences. Known as embedded finance, this integration of financial services has become immensely popular: In 2021, businesses and consumers spent $2.6 trillion...
Like other industries, the pandemic saw remittance customers shifting from traditional brick-and-mortar environments to the digital space, with some customers using an app to transfer funds and check exchange rates for the first time. According to Jose Ivars-Lopez, U.K. and Ireland country manager at Ria,...
Call it peer-to-peer or person-to-person, but P2P is taking on new significance in a troubled economy where splitting the restaurant bill or lending your friend a few dollars is a big deal. Closed-loop P2P platforms like Venmo and Zelle are handy but have limitations, requiring...
When goods pile up on shelves and in wholesale channels, markdowns loom. And among the latest spate of economic data, there are hints that a summer slowdown for many merchants may be in the offing. As reported by the Census Bureau on Monday (April 10),...
Meta says Brazilian WhatsApp users can now use the messaging app to pay local businesses. “This seamless and secure checkout experience will be a game-changer for people and small businesses looking to buy and sell on WhatsApp without having to go to a website, open...
A former investment banker has been arrested and charged with wire fraud in connection with an alleged cryptocurrency fraud. Rashawn Russell, who was a Financial Industry Regulatory Authority-registered broker, has been charged with one count of wire fraud related to his alleged role in the...
Severe investor belt-tightening caused global funding to nosedive 53% year over year. That’s according to a Crunchbase report, which also found that 2023 is off to a rough start for Europe’s startup ecosystem, with firms only raising $10.6 billion in funding in the first quarter...
AlphaSense has raised another $100 million for its market intelligence and B2B search platform. The latest fundraise joins the firm’s $225 million Series D financing round, brings its valuation to $1.8 billion and includes new investment by Alphabet’s independent growth fund, CapitalG, AlphaSense said in a Tuesday (April...
Toshiba Global Commerce Solutions says it’s extending the reach of its point-of-sale (POS) network. The company on Tuesday (April 11) announced it is teaming with POS firm BlueStar to help make the expansion happen. “The strategic partnership with BlueStar provides unique benefits to both organizations,”...
