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Wealth technology provider Envestnet plans to sell its open finance and data analytics subsidiary, Yodlee, to private equity firm STG.
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The transaction is expected to close in the third quarter, subject to customary closing conditions, the companies said in a Wednesday (June 25) press release.
STG is focused on investing in innovative software, data and analytics firms,...
Nvidia shares hit an all-time high Wednesday (June 25), surpassing the previous record intraday high that was set in January, Bloomberg reported Wednesday.
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The rise took the company’s market cap to about $3.75 trillion, making it the world’s most valuable company, ahead of Microsoft, CNBC reportedWednesday.
The increase in Nvidia shares was driven by the company’s...
PYMNTS Intelligence has long tracked the rise of the Click-and-Mortar shopper, the tech-savvy individual who traverses eCommerce and in-store shopping armed with mobile devices.
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The blurring of channel lines has been paving the way for platforms — eCommerce platforms, especially — to make inroads into tangible, in-person shopping experiences.
The Click-and-Mortar...
The Federal Reserve reportedly voted Wednesday (June 25) to advance a proposal that would ease the “enhanced supplementary leverage ratio” that determines the amount of capital banks must hold against relatively low-risk assets.
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The Fed board voted 5-2 to advance the proposal, Reuters reported Wednesday.
The board’s vote means that the proposal will now be open for...
Apple is reportedly set to propose making it easier for third-party developers to send customers outside of its App Store to make software purchases in order to avoid additional penalties being imposed by European Union regulators.
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The company’s proposal is due Thursday (June 26), Bloomberg reported Wednesday (June 25).
EU regulators ruled in April that Apple violated...
It’s easy to assume that every corporate problem has an AI-first solution just waiting in the wings.
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But as geopolitical unrest, tariff turbulence and continued volatility disrupt global logistics, many CFOs are finding that their biggest supply chain breakthroughs don’t come from artificial intelligence (AI). They come from a renewed focus on financial fundamentals....
Investment group Norrsken VC has pledged $348 million to AI startups focused on climate change.
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The venture capital firm, started by Klarna co-founder Niklas Adalberth, plans to invest in artificial intelligence (AI) companies alongside its early-stage funds Norrsken Accelerator and Norrsken Launcher, Bloomberg News reported Wednesday (June 25).
“We would love to see AI...
SoFi says it has added “crypto-powered capabilities” to its digital financial services.
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The company announced the new addition to its services Wednesday (June 25), saying it would be the first of many new cryptocurrency and blockchain-related offerings.
“More people are turning to crypto than ever before to pay, invest, and transfer money faster, safer, and for a...
The effects of the Sarbanes-Oxley Act (SOX) are being discussed Wednesday (June 25) in a hearing held by the House Financial Services Committee’s Capital Markets Subcommittee.
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The hearing is focused on how some provisions of SOX affect public companies and capital markets, the Committee said in a Wednesday press release.
Subcommittee Chair Ann Wagner, R-Mo., who is...
Finite opportunities in private credit are creating public, high-yield debt opportunities, J.P. Morgan Asset Management CEO George Gatch said, according to a Wednesday (June 25) Bloomberg report.
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Gatch made the comment as J.P. Morgan unveiled its J.P. Morgan Active High Yield ETF in a Wednesday press release. The fund will devote at least 80% of its portfolio to junk-...