Silicon Valley Bank’s loss is apparently U.K. embedded banking firm ClearBank’s gain. The company’s CEO said customer flows into its platform rose by 20% during the week SVB collapsed, Bloomberg reported Monday (March 27). “We’ve had a lot of inflow that’s driven that surplus cash...
The three largest cloud-computing providers reportedly see generative artificial intelligence (AI) as a business driver. Amazon, Microsoft and Alphabet’s Google have been putting the technology front and center in their sales pitches since OpenAI’s ChatGPT become a sensation, The Wall Street Journal (WSJ) reported Monday...
Panera is eCommerce-ifying its stores, leveraging digital to personalize the in-person experience. In an interview with PYMNTS, George Hanson, senior vice president and chief digital officer at Panera Bread, the St. Louis-based fast-casual brand with more than 2,100 locations across the U.S. and Canada, explained how...
Last week, Adidas and Beyoncé’s Ivy Park ended their relationship. The news followed reports of a 50% drop in revenue that emerged in February. Despite rumors of Beyoncé’s annual salary being a whopping $20 million, the partnership between her and the company was not as...
Ongoing inflation has led to a boom in sales for luxury resale platforms. It has also made consumers more likely to haggle over prices to get the best deal for pre-owned clothing and accessories. For example, one reseller, Beaux Abington, who sells products on the Etsy-owned Depop and...
Pinterest is adding shopping capabilities to Shuffles, its standalone, collage-making app. With this addition, users will be able to tap each image used in a collage to see the brand and price of that item and similar items, TechCrunch reported Sunday (March 26). “[U]nlike typical...
As brands and retailers look to convert more customers, they’re also looking to increase customer confidence during checkout to keep returns down, especially as shipping costs skyrocket. To check all those boxes, brands and retailers are considering solutions that offer customers an immersive and interactive...
Uber Eats is reportedly removing thousands of virtual brands it says have cluttered its platform. Company officials told The Wall Street Journal (WSJ) Monday (March 27) that these brands — delivery services that don’t have a physical storefront — exploded on food aggregator apps during...
Seventeen days after its collapse, Silicon Valley Bank has a new owner. First Citizens Bank, a North Carolina lender with a long history of purchasing failed banks, announced Monday (Mar. 27) that it was assuming ownership of all of Silicon Valley Bank (SVB’s) loans and...
