The continued eCommerce shift has merchants — especially larger ones — pivoting to sell their products directly to consumers (D2C). In that model, they’re eschewing third-party wholesalers or relying on local merchants to make inroads into new markets and new countries. Levi’s has been accelerating...
Correspondent banking startup TenureX is partnering with technology management and integration firm TM Group in a move to democratize correspondent banking in the Nordics region. Under the partnership agreement, TM Group will provide TenureX with solutions and services in the Nordics banking industry to enhance compliance and productivity, as...
By most measures, the past three months have been some of the toughest that Walmart has faced in decades, as the bite of inflation has inflicted turmoil and pain on both the lives of its customers as well its own bottom line. But from the...
A backlog of home improvement projects among professional customers helped The Home Depot keep its momentum in the second quarter of fiscal 2022 as the nesting trend that started early in the pandemic stayed on course despite inflation threatening a full-blown recession. The earnings results...
BankTech Ventures (BTV), an investment fund serving community financial institutions (FIs) and bank technology entrepreneurs, raised $115 million to support innovation and investment return for community banks and bank tech companies. “It’s been a whirlwind nine months since we launched BTV,” BTV Managing Director Carey Ransom said...
Clothing reseller thredUP saw double-digit percentage increases in the number of orders and buyers on its platform during the second quarter. The company had 1.7 million active buyers and 1.7 million orders during the quarter, which represented respective year-over-year growth of 29% and 40%, according...
Companies with a long history have many advantages, but being digitally native isn’t among them. CFOs assuming their responsibilities at such companies often face the daunting task of digitizing payments, inheriting what amounts to a paper-laden desk. Not so for those fortunate enough to join...
After months of searching for a buyer, Ted Baker has found its suitor in Authentic Brands Group (ABG), which has agreed to purchase the U.K. fashion retailer in a deal valuing the company at $253 million. According to an announcement posted on the ABG website...
While real-time payments currently account for just 2% of corporate payments sent and 1.3% of those received today, corporate treasurers and billing and payment executives are increasingly interested in real-time payments’ potential for improving such areas as cash flow management and efficiency. Twelve percent of...
