August 10, 2023
What If: Walmart Succeeds as a Neobank?

In the bid to build a financial services ecosystem, and a super app that marries commerce and banking, there’s a 800-pound gorilla in the space that bears watching. Though Walmart’s...

August 09, 2023
Upstart Stock Plunges 34% After Lower-Than-Expected Guidance

Artificial intelligence (AI) lending platform Upstart saw its stock plummet 34% Wednesday (Aug. 9). This follows the company’s delivery of an outlook for the third quarter that was lower than expected,...

August 09, 2023
Nuvei Sees TPV Up 68% in Q2 But Stock Drops...

Nuvei Corp. stock dropped 36% Wednesday (Aug. 9) after the Canadian FinTech released its second-quarter earnings showing a net income drop. As of late afternoon, Nuvei was trading at $19.07 a share,...

August 09, 2023
Virtusa and Thought Machine Launch Customer Onboarding Platform

Virtusa and Thought Machine have teamed up to launch a platform that helps financial institutions onboard small- to medium-sized businesses (SMBs). The new SME Customer Onboarding Platform is designed to streamline and enhance the onboarding...

August 09, 2023
Nearly 40% of Gen Z and Millennials Would Leave Banks...

Potential customer loss could outweigh the cost of investing in payment methods that consumers demand. Payment options matter to account holders across generations, but it is the younger demographics most...

August 09, 2023
P2P Transaction Volume Up 25% as Firms Rush to the...

Peer-to-peer (P2P) payments, a long-standing vehicle for transactions between consumers, has evolved recently into usage between merchants and consumers as well. The steady growth of P2P transactions for any purpose...

August 09, 2023
Fed to Ratchet Up Oversight Into Banks’ Crypto Activity

America’s central bank is the latest U.S. regulator to increase cryptocurrency sector oversight. The Federal Reserve Board on Tuesday (Aug. 8) released new information on its plan to supervise “novel activities,” a term that...

August 08, 2023
Victory Insurance Implements Insurity’s Sure Claims Payments

Victory Insurance has gone live on Insurity’s Sure Claims Payments platform to provide its policyholders, claimants and vendors with a digital experience By integrating Sure Claims Payments with Insurity’s Workers’ Comp Suite policy, billing...

August 08, 2023
Brillio and Google Team on AI Finance and Healthcare Solutions

Brillio is working with Google Cloud to help healthcare and finance companies use artificial intelligence (AI). The New Jersey digital technology company announced the collaboration Tuesday (Aug. 8), saying it would also launch new...