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 10, 2023
As CFPB Rulemaking Proceeds, Trustly Regulatory Chief Says Open Banking...
As the financial industry awaits the release of the Consumer Financial Protection Bureau’s (CFPB) proposed rules governing data sharing, businesses of all sizes are preparing for potential changes in data access...
August 10, 2023
Better Credit Scores Could Put $1,700 in Consumers’ Pockets
In a credit-based economy such as that of the United States, credit scores determine more than whether consumers qualify for a mortgage or auto loan. Often, access to credit can...
August 10, 2023
Catch Parlays Merchant Interchange Savings Into Cashback for Consumers
For consumers who can get credit, they’re racking up a ton of it. The most recent quarterly report from the Federal Reserve on household debt indicates that credit card balances...
August 10, 2023
Disney+ Streaming Service Sheds 7.4% of Subscribers in Q3
Disney+ streaming service subscribers fell in the fiscal third quarter, even as The Walt Disney Co. made plans to raise monthly fees, crack down on password sharing and create a...
August 09, 2023
Microsoft’s CBDC Push Hints at Private Sector’s Role in Shaping...
Central bank digital currencies (CBDC) are on pretty much every central bank’s road map. A full 93% of central banks across the globe are in at least some stage of CBDC...
August 09, 2023
Groupon Reports Progress in Transformation Plan
Groupon is demonstrating progress with its transformation plan, interim CEO Dusan Senkypl said Wednesday (Aug. 9) during the company’s quarterly earnings call. The marketplace for local experiences and services saw...
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
Global Trade Faces Slowdown as Economic Growth Weakens
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of...