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The U.K.’s Metro Bank has reportedly been approached about a possible private equity takeover.
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Pollen Street Capital made an informal approach to the bank in recent weeks, the Financial Times (FT) reported Saturday (June 14), citing sources familiar with the matter.
PYMNTS has contacted Metro Bank for comment but has not yet gotten a reply.
The FT noted that Metro,...
If you hear the faint hiss of champagne corks this summer, that’s the sound of bankers limbering up for two long-anticipated debuts: Chime and Klarna. The FinTech duo is expected to test whether the initial public offering (IPO) window is really wide open or merely cracked. While we wait for their roadshows (and the requisite promotional hoodies), let’s lighten things up with a tour of the last...
Circle Internet Group CEO Jeremy Allaire reportedly said Friday (June 13) that the stablecoin issuer sees opportunities to partner with a wide range of companies.
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“It’s a tremendous opportunity as the world connects to this new form of currency on the internet,” Allaire told Bloomberg Television Friday in an interview. “We see tremendous opportunities to collaborate...
A bill that would prohibit food stores and retail establishments from refusing to accept cash payments is on its way to the New York governor’s desk after being passed both houses of the state legislature.
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The bill — S4153-A in the state senate and A7929-A in the house — aims to ensure that unbanked individuals and others can access goods and services at a time when...
With the CLARITY Act set to be considered by the full U.S. House of Representatives after being advanced by committee votes on Tuesday (June 10), members of the House Financial Services Committee issued press releases outlining their opposing views ahead of the next vote.
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The CLARITY Act (H.R. 3633) aims to establish a regulatory framework for digital assets in the U.S...
Amazon reportedly aims to boost its efforts in the healthcare field by simplifying the structure of its health business.
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The company is reorganizing Amazon Health Services into six units, CNBC reported Friday (June 13), citing its interview with Neil Lindsay, senior vice president of Amazon Health Services.
“Our leadership team has been focused on simplifying our...
There has been a moderate rebound in consumer sentiment, but overall, consumers’ attitudes are below pre-tariff levels.
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Preliminary June data from the University of Michigan released Friday (June 13) found that consumer sentiment improved from recent nadirs. The initial estimates showed that sentiment improved 16% in June relative to May, although it was 18% below its...
Payment Assist is now offering business lending to automotive businesses across the United Kingdom via an embedded finance partnership with Groov.
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The new offering joins the buy, now pay later (BNPL) and retail finance solutions Payment Assist already offered for the U.K.’s automotive sector, the company said in a Thursday (June 13) blog post.
Payment Assist’s business...
PairSoft has added artificial intelligence (AI) agents to its accounts payable (AP) automation and eInvoicing solutions for mid-market and enterprise organizations.
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The AI agents are designed to reduce manual work in general-ledger (GL) coding, purchase-order (PO) matching and invoice-approver functions, the company said in a Tuesday (June 10) press release.
They do so...
Ripple CEO Brad Garlinghouse reportedly said Wednesday (June 11) that the company’s XRP cryptocurrency could account for 14% of the cross-border payment volume currently handled by SWIFT within five years.
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Noting that SWIFT handles messaging while banks handle liquidity, Garlinghouse said, “I think less about the messaging and more about liquidity,” Seeking Alpha...