News

Digital Banking
Griffin Launches as Fully Operational UK Bank and Raises $24 Million
March 11, 2024

British banking-as-a-service (BaaS) platform Griffin is now officially a fully operational bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Banking
HSBC Adding Bankers to Boost Startup Lending
March 11, 2024

HSBC is reportedly expanding its U.S. commercial banking operations to bolster its startup lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Retail
Mango Tops $3 Billion in Sales, With $1 Billion Online
March 11, 2024

Spanish fashion retailer Mango concluded 2023 with a landmark turnover that exceeded 3 billion euros ($3.28 billion) for the first time in its history. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
APIs and Points of Vulnerability Spotlight BaaS Risks as Platforms Evolve 
March 11, 2024

If there’s a surety in financial services, it’s that hackers and bad actors probe ecosystems and platforms for points of vulnerability, looking for weak links to yield access to data or ways to infiltrate the organizations themselves. Get the Full Story Complete the form to...

Retail
Chuck E. Cheese CIO: Paid Memberships Boost Personalization Opportunities
March 11, 2024

Chuck E. Cheese is leveraging paid memberships to drive app engagement, boosting its ability to meet consumer demand for personalized offers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
Musk: Grok Will Become Open-Source AI Model
March 11, 2024

Elon Musk said his artificial intelligence (AI) company xAI will introduce an open-source model. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Regulation
Swedish Court Fines Klarna $733,324 for Flaws in Privacy Notice
March 11, 2024

Klarna has reportedly been fined 7.5 million Swedish crowns ($733,324) after a Swedish court ruled that the company violated the European Union’s (EU) General Data Protection Regulation (GDPR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
March 11, 2024

It’s said that those who don’t learn from history are doomed to repeat it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Faster Payments
Real-Time Payments Need Orchestration Layer to Solve Interoperability Gap
March 11, 2024

The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...