Just Eat may eliminate 350 jobs in France due to “difficult market dynamics” in the country, although the plan, which would involve firing permanent delivery staff in 26 cities across France, is still being negotiated with unions. According to a Bloomberg report Wednesday (July 20),...
When it comes to recruiting and keeping talent in an organization, chief financial officers (CFOs) do more than provide data about the salaries the market offers or handle payroll. Several CFOs have told PYMNTS that they also play a key role in facilitating engagement and...
The online grocery space has matured rapidly since March 2020, with an influx of new customers both driving sales for incumbents in the space and presenting a market opportunity for new entrants. However, new economic pressures in recent months are beginning to change the face...
Cryptocurrency exchange FTX, which was co-founded by billionaire Sam Bankman-Fried, is reportedly looking into raising a new round of capital after its recent spending spree added new digital assets marketplaces to the fold. FTX and its American entity, FTX US, are both raising fresh capital,...
The U.K. is credited with launching the first regulatory sandbox in 2016, and since then the concept has spread across the world, with an additional 72 FinTech sandboxes implemented in close to 60 jurisdictions, according to World Bank data. But what exactly is a regulatory...
Indian manufacturing company Grasim Industries says it will spend 2,000 crore ($25 million) over the next five years to build a B2B eCommerce platform for the building materials industry. “The foray into B2B e-commerce is yet another strategic portfolio choice as it crystallizes our intent...
When it comes to artificial intelligence (AI), being behind the technology curve not only leaves banks more vulnerable to financial crimes, but the lag can also trigger some raised eyebrows from regulators. AI systems that can detect financial crimes have expanded, and financial institutions (FIs)...
Consumers’ desire for banking convenience has spurred their interest in bundled banking services. In fact, many consumers are willing to leave banks that fail to offer bundled services, according to “Bundled Banking Products,” a PYMNTS and Amount collaboration based on a survey of 2,290 U.S....
Discovery eCommerce startup Flip raised $60M in a Series B funding round that puts its valuation at $500 million as the company expands its social commerce platform and strengthens brand relationships. The funding round was led by WestCap with participation from previous investors Mubadala Capital...
