March 26, 2024
Nu Lowers Yield on Savings Accounts in Mexico
Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for the first time since 2021....
March 22, 2024
Ibotta Files for IPO, Plans to List on NYSE
Ibotta has filed a registration statement for its proposed initial public offering (IPO) with the Securities and Exchange Commission (SEC). The number of shares and the price range for the...
March 21, 2024
Banks Advocate Digital Payments as Defense Against Check Fraud
Despite the growing adoption of digital payment solutions worldwide, financial institutions (FIs) continue to process billions of checks each year, setting the stage for a growing trend: check fraud. Last...
March 20, 2024
Sugar Producers in Antitrust Cross-Hairs
Several major sugar producers in the United States have found themselves entangled in a web of allegations, as class-action lawsuits filed in federal court in Minnesota this week accused them...
March 19, 2024
Marco Raises $12 Million to Support LatAm Trade Finance
Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized entrepreneur (SME) exporters in Latin America,...
March 19, 2024
Instant Financial Debuts App for Faster Earned Wage Access
Earned wage access firm Instant Financial released a new mobile app and updated mobile wallet. “Understanding that over 50% of Americans would likely avoid major financial pitfalls if they could instantly access...
March 19, 2024
Is Merger Enforcement Keeping Up with the Cloud?
U.S. merger enforcement has taken a back seat in the cloud market, which has grown largely through acquisition and is now relatively mature. When merger enforcement in cloud does take...
March 19, 2024
Cloud Sovereignty as a Driver of EU Policy
As part of a broader discussion of European “digital” sovereignty, some in Brussels are calling for a “sovereign” European cloud. Such calls stem from long-standing concerns about Europe’s widespread dependency...
March 19, 2024
Tax Compliance Process Changes With Electronic Invoicing
Steve Sprague, chief strategy and product officer at Sovos, told PYMNTS in a recent interview that tax compliance is changing — from an intermittent activity to a continuous one. In...
