News

Artificial Intelligence
FCA CEO Says UK Rules Already Address Challenges of AI
December 12, 2023

The Financial Conduct Authority (FCA) in the United Kingdom said Tuesday (Dec. 12) that the country already has a robust framework in place to tackle the challenges of artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Convenience Retail Giants Drive App Adoption in Bid for Incremental Sales
December 12, 2023

The world’s largest convenience store chains are leveraging their apps to drive traffic and personalize their marketing to consumers’ individual habits and preferences. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Social Commerce
Brands Target Consumer Food Spend on Social Media
December 12, 2023

Consumers are using social media to buy products, and apparel, beauty, and food and beverage are the three categories they shop the most. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Motive Partners Invests $50 Million for Controlling Stake in Splitit
December 12, 2023

Private equity group Motive Partners has secured a controlling stake in installment payments company Splitit. 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...

Retail
Cash-Strapped UK Shoppers Choose Chocolate Over Toys as Gifts
December 11, 2023

Nestle, the maker of Quality Street, and Mondelez, the owner of Cadbury, are experiencing increased sales of confectionery in the United Kingdom this holiday season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Hasbro to Cut 900 Positions as Toy Industry Headwinds Continue
December 11, 2023

Toy company Hasbro will be laying off another 900 people, about a year after saying it would eliminate 1,000 positions from its global workforce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

IPO
Report: Investment Firm General Atlantic Considers Going Public Next Year
December 11, 2023

Investment firm General Atlantic has reportedly confidentially filed for an initial public offering (IPO). 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...

Cross Border Commerce
Swift Completes Successful Test of Global Trade Interoperability Solution
December 11, 2023

Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Goldman Sachs Looks to Double Size of Private Credit Unit
December 11, 2023

Goldman Sachs is reportedly aiming to double the size of its $110 billion private credit business. 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,...