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The CE 100 Index gained 2.1%, as all pillars were in the green, an event not seen in several weeks.
Dayforce Leaps on Thoma Bravo Deal
Dayforce proved to be the highest profile gainer through the week, leaping more than 30.8% and moving the Work pillar ahead by 2.2%.
Dayforce struck a deal to be acquired by Thoma Bravo for about $12.3 billion, as reported by several sites, including...
The financial services map is being redrawn, and credit unions are at the center. As FinTechs distance themselves from big banks, they’re forging bold new partnerships with smaller, more agile institutions. What’s driving this strategic pivot? PYMNTS Intelligence, in collaboration with Velera, dives deep into the motivations, the market shifts, and the technologies that are shaping the next wave...
In the rush to expand internationally, merchants may be overlooking a simple but potent tool: the one-click checkout. While digital wallets and real-time payments grab headlines, the frictionless final step of the transaction may hold the greatest potential for conversion and a boost in revenues — especially in global eCommerce, where consumers drop off at the slightest inconvenience....
Private equity (PE) operations are reportedly struggling to raise funds despite offering investors unheard-of incentives.
Fundraising among PE firms came to just $592 billion in the 12 months to June, the lowest total in seven years, the Financial Times (FT) reported Sunday (Aug. 24), citing data from Preqin.
This downturn happened even with PE outfits offering discounts like...
Star Trek’s fictional Dr. “Bones” McCoy may have had a tricorder, but NASA astronauts could soon have something almost as futuristic and real: An artificial intelligence (AI)-powered medical assistant that can diagnose and help treat illnesses millions of miles from Earth.
Google and NASA are testing the “Crew Medical Officer Digital Assistant,” an AI-powered system to help astronauts...
Oway raised $4 million in a seed round to support its “rideshare freight platform” that provides an artificial intelligence (AI)-enabled marketplace designed to cut less-than-truckload (LTL) freight costs.
Founder and CEO Phillip Nadjafov shared the news of the seed round in a Friday (Aug. 22) post on LinkedIn.
Oway is designed to reduce LTL freight costs by taking advantage of the...
Visa shut its open banking business in the U.S., Bloomberg reported Friday (Aug. 22), citing unnamed sources.
The move was also reported Friday by Reuters.
In a statement provided to both media outlets, a Visa spokesperson said, per the reports: “We are focusing our open banking strategy in high-potential markets like Europe and Latin America.”
Both reports noted that the closure of...
Square has introduced a grant program designed to provide local businesses with financial support and mentorship.
The Cornerstone Grant Program will provide selected Square sellers with a $10,000 grant, support from a certified public accountant, financial therapy sessions with a board-certified therapist, business technical assistance from the Northwest Mountain Minority Supplier...
The Workday Wellness employee benefits platform will integrate the Chime Workplace suite of financial wellness solutions, enabling employers to offer additional benefits.
The integration is part of a new partnership between human resources (HR) and finance provider Workday and consumer FinTech company Chime, the firms said in a Friday (Aug. 22) press release.
Chime Workplace offers...
TikTok reportedly plans to lay off hundreds of staffers in its trust and safety department as it reorganizes its content moderation efforts and automates more of that work with artificial intelligence.
The social media platform is set to lay off content moderation and security staff in London, south Asia and southeast Asia, the Financial Times (FT) reported Friday (Aug. 22), citing an...