May 07, 2024
FIS Launches Embedded Finance Platform for Financial Institutions and Businesses
FIS has launched an embedded finance platform designed for use by financial institutions, businesses and software developers. The new “Atelio by FIS” platform can help any company collect deposits, move...
May 07, 2024
Consumers View Embedded Lending as Option to Pay Everyday Essential...
Embedded lending may gain new consideration at the point of sale as cash-strapped consumers grapple with the pain of emergency expenses. And it may help them pay for at least...
May 07, 2024
Is Apple at Risk of Becoming the Next IBM?
Sixty-three years ago this month, the world’s first supercomputer was born. In May of 1961, IBM introduced its Model 7030, also known as “Stretch.” The gamechanger was its computational processing...
May 07, 2024
Virtual Cards Close Middle-Market Cash Flow ‘Unpredictability Gap’
Virtual cards are at a tipping point. That’s the sentiment expressed by several finance leaders in the B2B space, as the current environment of stubborn inflation and strict access to...
May 06, 2024
Rocket Companies Hires Shawn Malhotra to Drive ‘AI-Fueled Homeownership’
Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO). In this newly created role, Malhotra will oversee the development and implementation of artificial intelligence (AI), data science, product...
May 06, 2024
Tesla Cutting Jobs Across Departments as Part of Restructuring
Tesla has reportedly laid off employees across several departments over the last three weeks. These job cuts follow the automaker’s announcement three weeks ago that it was laying off 10% of...
May 06, 2024
Many Smaller SMBs Opt to Process Ad Hoc Payments Manually...
Fifty-seven percent of the total accounts receivable (AR) transactional volume flowing into the coffers of small to mid-sized businesses (SMBs) comes in the form of nonrecurring, ad hoc payments. Yet, PYMNTS...
May 06, 2024
Five Ways Consumers Are Pumping the Brakes on Spending
We may be witnessing the beginnings of a great pullback in consumer spending. At least in some areas. As paycheck-to-paycheck living remains a reality for most U.S. consumers, the strategies are multipronged: trading...
May 06, 2024
India Proposes CBDC That Can Function Offline
India’s central bank wants its digital currency to be available without internet access. “One of the key features of cash is that it works offline,” Reserve Bank of India (RBI) Governor Shaktikanta Das said...
