The Business & Technology Network
Helping Business Interpret and Use Technology
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Digital banking. The phrase means different things to different consumers, but for the PYMNTS app provider rankings, digital banking includes the apps that enable them to plan, spend and track their money within the same ecosystem. You would expect SoFi’s page to do well here, and you would be right. SoFi topped our August rankings for digital finance apps, posting a three point gain...
Headed into the Labor Day weekend, the CE 100 Index managed to post a 0.5% gain, in contrast to the slides seen across all broader benchmarks such as the Nasdaq and the S...
For banks, the difference between saying “yes” and “no” to a small business loan often has less to do with risk appetite than with the quality of data in front of them. Real-time, third-party information is becoming the single most important factor in whether the smallest firms gain access to credit. The PYMNTS Intelligence report “Keeping Score: Why Data Quality Determines Lending...
As inflation, interest-rate swings and economic uncertainty converge, banks and credit unions (CUs) have demonstrated notable resilience. They are continuing to innovate digitally, enhance risk controls and evolve service models to meet shifting consumer and business needs. Fall is settling in, financial institutions (FIs) large and small have the opportunity to help customers grapple...
The rise of bitcoin has reportedly been good for the luxury travel sector. As the Financial Times (FT) reported Sunday (Aug. 31), a growing number of private jet and high-end cruise operators have begun taking cryptocurrency payments as they see a number of customers enjoying new digital asset wealth. “Tremendous” demand from wealthy younger travelers has led Flexjet-owned FXAIR to...
Is the cryptocurrency market so bad that it’s about to become good? Crypto analyst and macroeconomist Alex Krüger made that argument Saturday (Aug. 30) in a post on X. In comments flagged by CoinDesk, Krüger argued that “most crypto charts now look so broken and bearish that it’s bullish.” He contended that when price movements seem this severe, the panic has usually progressed enough...
Sports gambling has DraftKings. Political junkies have PredictIt. And now the world’s nerdiest corner — the artificial intelligence (AI) scene — has its own set of bettors, where people wager actual money on whether Google’s Gemini will dunk on OpenAI’s GPT-5 this month. Forget fantasy football, this is fantasy machine learning. People are placing their bets on markets like Kalshi,...
When the European Commission announces the penalties in an antitrust case involving Google’s AdTech business in the coming weeks, it will reportedly order the company to pay a “modest” fine and will not require it to sell part of its AdTech business. The fine is likely to be less than the 4.3 billion euros the Commission ordered Google to pay in another case in 2018, Reuters reported ...
Off-price retailer Ross Stores is reportedly considering raising some prices to offset the effects of new U.S. tariffs.  The company, which owns Ross Dress for Less and dd’s Discounts, told USA Today that it is navigating the effects of tariffs, like most companies, according to a report posted Wednesday (Aug. 27).  “We were pleased to report lower-than-expected tariff-related costs...
The second week of September reportedly could be one of the busiest for sizeable initial public offerings (IPOs) since late 2021. Six companies that filed for potential IPOs in August could begin marketing their listings at that time, Bloomberg reported Friday (Aug. 29). Those companies include digital payments firm Klarna, crypto exchange Gemini Space Station and blockchain-finance...