September 27, 2023
Report: Almost $270 Billion in Leveraged Loans at Default Risk
Leveraged loans were a popular method of financing during the pandemic. Now, with interest rates set to stay high, they’ve turned into a major headache, The Wall Street Journal reported Wednesday...
September 26, 2023
Mailboxes Get Smart With AI to Smooth Last-Mile Delivery
An estimated 1.7 million packages are stolen each day in the U.S. And that number spikes around eCommerce events and major holidays, representing billions of dollars lost to “porch pirates”...
September 25, 2023
SEC Charges Podcaster Matthew Motil in Alleged Ponzi Scheme
The Securities and Exchange Commission (SEC) has taken legal action against Matthew Motil, the host of “The Cash Flow King” podcast, for allegedly defrauding investors in an $11 million Ponzi scheme. Motil...
September 25, 2023
40% of Manufacturers Say Real-Time Payments Among Most Important Innovations
About two-thirds of manufacturers said real-time payments are an important innovation within their company. Among these manufacturers, 40% said real-time payments are one of the most important innovations within their...
September 22, 2023
Starbucks Expands Pickup-Only Locations as QSRs Adapt for Digital
As Starbucks rethinks its store concepts with an eye towards the restaurant industry’s digital future, the coffeehouse chain is reportedly opening its first in-airport pickup-only location. The restaurant is opening...
September 21, 2023
AppFolio Adds Gen AI-Powered Payment Options for Property Managers
AppFolio has added generative artificial intelligence (AI) capabilities and new payment options to its cloud business management solutions for the real estate industry. The new generative AI conversational interface, Realm-X, is designed...
September 21, 2023
Jobless Claims in US Hit Lowest Level Since January
Initial claims for unemployment insurance in the United States fell by 20,000, down to 201,000, during the week ended Saturday (Sept. 16). The four-week moving average dropped by 7,750, to...
September 15, 2023
Goldman Sachs Creates Unit for Wealthy Clients to Invest in...
Goldman Sachs has reportedly created a “sports franchise” unit within its investment banking division. The new unit aims to provide wealthy clients with the opportunity to invest in sports teams,...
September 14, 2023
BMO and Modern Treasury Integrate Solutions for Commercial Banking Clients
BMO and Modern Treasury have partnered to simplify the management and tracking of complex payment flows for their shared commercial banking clients. This collaboration combines BMO’s banking capabilities with Modern Treasury’s financial...
