April 16, 2024
PNC Reports 2% Commercial Loan Dip Amid Manufacturer ‘Hesitancy’
PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%. Within this, consumer loans...
April 16, 2024
Commerce Bancshares Echoes Q1 Earnings Theme of Resilience
Commerce Bancshares, one of the Midwest’s strongest regional banks, joined the chorus of Q1 results reporting Tuesday (April 16) and sounded the theme of resiliency. Tipping its hat to the...
April 15, 2024
Cisco’s AI Chief Says Technology Will Enhance Workplace Productivity
From enhancing productivity and efficiency to revolutionizing customer experiences, artificial intelligence (AI) could reshape the future of work and commerce. PYMNTS interviewed Javed Khan, senior vice president and general manager of Cisco Collaboration,...
April 15, 2024
CE 100 Index Slips 2% as Bank Earnings Spark Decline
Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the CE 100 Index, especially on...
April 14, 2024
Ghost Kitchens Vanish as In-Person Dining Returns
The ghost kitchen industry has become a shadow of its former self. These online-only dining spaces boomed during the pandemic, but as a report Friday (April 12) by The New York...
April 12, 2024
Wells Fargo Sees Brighter Days for US Consumer Spending
The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post stellar earnings Friday (April 12) it did...
April 12, 2024
Partnerships Dominate FinTech IPO Index News Ahead of Earnings
On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied...
April 11, 2024
CHIPS ISO 20022 Migration Means Smoother Cross-Border Activity
A migration to a new standard — a common payment processing language — for cross-border payments is no mean feat. Legacy tech, the shift to straight-through processing, staggered industry timelines...
April 09, 2024
Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud
When you read about collaboration in the financial services industry the topic usually centers around banks and FinTechs. But maybe there’s more to that story. Because sometimes competitors can collaborate...
