A bipartisan bill aims to create an independent inspector general to oversee the Federal Reserve. Introduced Wednesday (March 22) by Sens. Rick Scott and Elizabeth Warren, the bill would require an inspector general appointed by the president and confirmed by the Senate, according to a...
For grocers to drive spending from consumers and advertisers alike, purchase history data is key. The Context On consumers’ side, grocers can leverage this data to personalize offers, driving sales with more relevant, targeted deals and messaging. Earlier this year, for instance, Michigan-based supermarket chain...
As retailers bow under inflationary pressures, some are cutting the value of their rewards points. Tesco, the leading supermarket chain in the United Kingdom, shared in the FAQ section of its website that it is cutting the exchange rate of consumers’ loyalty vouchers with rewards...
Higher interest rates and deepening bank woes may have businesses scrambling to obtain loans. As reported Tuesday (March 21) by The Wall Street Journal, the Fed is expected to continue raising rates in its ongoing effort to combat inflation. Combined with increased regulatory banking industry scrutiny following the collapses...
Indian lender KreditBee has teamed with PayU to let consumers pay for purchases in installments. The partnership, announced Wednesday (March 22), lets PayU merchants work with KreditBee’s customers to turn their purchases into cardless EMIs (equated monthly installments) that they’ll pay back over a series...
SoFi Technologies is now offering access to additional FDIC insurance. With the new SoFi FDIC Insurance Network, SoFi has partnered with multiple banks to offer SoFi Checking and Savings members up to $2 million of FDIC insurance on their deposits, the digital personal finance company...
Pacific Western Bank has bolstered its liquidity after its deposits dipped 20% over three months. The subsidiary of PacWest Bancorp has borrowed $3.7 billion from Federal Home Loan Bank (FHLB), $10.5 billion from the Federal Reserve Discount Window and $2.1 billion from the Bank Term...
Tassat Group will provide access to FedNow through its client-facing application programming interface (API). When the Federal Reserve launches the FedNow real-time payments rail, Tassat’s private blockchain-based B2B solutions will serve as on-ramps for commercial banks that want to participate in the Fed’s platform, Tassat...
Pan-African eCommerce firm Jumia has agreed to sell retailer Leroy Merlin’s products in West Africa. The agreement is part of Jumia’s plan to halve costs and extend its reach by the end of the year with the home improvement firm, as detailed by Bloomberg News Wednesday (March 22), Jumia CEO Francis...
