Banks are striving for digital innovation but regulatory constraints, data security and privacy concerns, integration challenges, and the high costs of enabling change prevent 70% from achieving their transformation goals. Considering the speed that technology is evolving, the alternative of standing still isn’t an option. How can banks cross the threshold into a digital future to enhance experiences, […]
Holiday shopping is wrapping up and if you realize you accidentally bought your son the wrong color race car, you might be looking to return or exchange the item. But how do you do this if you used a Buy Now Pay Later plan? In most cases, you’ll be able to initiate a return the […]
Apple shares edged higher in early Thursday trading as a longtime bull on the stock suggests its march to a $4 trillion valuation “is still being underestimated by” Wall Street. Apple (AAPL) shares have risen nearly 10% over the past month, and have added more than $720 billion in market value since their early-August trough, […]
It’s great to get a gift. What’s even better? Exchanging that gift for one that fits better or something you actually wanted. As the annual holiday gift exchanges wind down, it’s time for the second round of exchanges – the returning of gifts to stores or online retailers for something else. Of course, this happens […]
Global payment provider, Mastercard is aiming to bring one billion people and 50 million micro, small and medium enterprises (MSMEs) into the digital economy by 2025. Taking a step towards achieving this goal, it has partnered with Boost, the business-to-business (B2B) commerce platform, to drive the growth of firms operating in last-mile fast-moving consumer goods […]
The year 2024 marked another period of consolidation and strategic growth for Brazil’s digital banking platform Nubank (NYSE: NU). The firm surpassed 100 million customers and reaffirmed its prominent position in the market by expanding its presence in the “high-income segment, pursuing international growth” with a focus on Mexico, and further diversifying its existing portfolio […]
Amtrak temporarily suspended all train service between New York and Philadelphia Sunday morning due to downed overhead power wires that were blocking the tracks. The delays and cancellations come at one of the busiest travel periods of the year, just days before the Christmas, Hanukkah and Kwanzaa holidays and as the region faces freezing temperatures. […]
The five-day strike against Starbucks reached nine states on Sunday, according to its union. The Starbucks Workers United said union workers in Missouri, New Jersey and New York began their strike Sunday after locations in Colorado, Ohio and Pennsylvania joined the strike Saturday. Workers United represents more than 10,000 workers at over 525 stores. A […]
For the first time, UK neobanks have edged out traditional legacy banks in app downloads, marking a shift in consumer banking preferences, according to a recent study by global software company SplitMetrics. Its data reveals that UK neobanks boast an estimated 71.78 million Android users, narrowly surpassing the 71.58 million users of legacy banks. This year […]
Careem Pay has rolled out a new service enabling UAE-based Lebanese residents to send money back home, following a partnership with Lebanon’s Purpl digital wallet. The remittance solution enables users to send transfers from AED into USD directly to mobile numbers connected to a Purpl wallet, circumventing the need for a traditional bank account. The […]
The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominate transactions on it, alleging that the firms failed to properly investigate fraud complaints or give victims reimbursement. The CFPB said customers of the three banks — JPMorgan Chase, Bank of America and Wells Fargo — have lost more than $870 million since the […]
Volkswagen has reached a deal with the IG Metall trade union which will avert plant closures in Germany and avoid immediate compulsory redundancies. The two sides have, however, agreed to cut more than 35,000 jobs across the country in a “socially responsible manner” by 2030, in order to save some €15bn (£12.4bn). Germany’s largest carmaker […]
