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Dutch FinTech Mollie could reportedly close an acquisition of U.K. FinTech GoCardless as soon as next month.
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GoCardless has had talks with multiple potential acquirers this year, and Mollie is the current frontrunner, Sifted FinTech Reporter Tom Matsuda wrote in a Friday (Aug. 8) LinkedIn post promoting the Sifted article that cited unnamed sources.
Reached by PYMNTS,...
Fast food chains are reportedly seeing a decline in their breakfast business as Americans cut back on spending.
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Executives from Wendy’s and McDonald’s said this week during earnings calls that their breakfast business is doing worse than other times of day, despite discounts offered by the companies, Bloomberg reported Friday (Aug. 8).
Wendy’s interim CEO and Chief...
Booking Holdings CEO Glenn Fogel reportedly said that the United States needs to invest in passport and immigration booths at airports to help reverse a decline in foreign tourists.
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“It can be very aggravating to come to the U.S. because the first thing you see is a long queue,” Fogel told the Financial Times (FT) in a report published Friday (Aug. 8).
Fogel added that...
Bank of England Gov. Andrew Bailey reportedly denied a media report that the central bank and the U.K. government had a “falling out” over delays in allowing Revolut a full banking license.
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“Actually, we have very good relations, and I think both the Bank and the Treasury have made that clear,” Bailey told CNBC in a report published Friday (Aug. 8).
The Financial Times ...
Like any busy scientist, Stanford University professor James Zou would like to explore hundreds of research ideas but only has time for two or three. So he thought of a novel approach: Create artificial intelligence (AI) agents modeled after his lab and let them tackle experiments he doesn’t have time to do.
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The result was the discovery — in a few days — of two novel...
Stablecoins would rather that the traditional financial sector forgot about the last decade of crypto.
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While the industry’s Wild West growth pains during its first dozen years of existence were defined by volatility, scams and regulatory standoffs, stablecoin proponents are eyeing a future where the next chapter of blockchain-based finance may be characterized by...
Blockchain company Ripple and the Securities and Exchange Commission (SEC) told a court Thursday (Aug. 7) that they have ended their appeals in a long-running legal battle.
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“Following the Commission’s vote today, the SEC and Ripple formally filed directly with the second circuit to dismiss their appeals,” Ripple Chief Legal Officer Stuart Alderoty said in a Thursday ...
PYMNTS Intelligence has long chronicled the challenges facing smaller firms navigating the storms of economic volatility. Capital, of course, offers up a buffer against the turbulence, and capital can be hard to come by.
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As a result, and as tariffs started to take root this spring, PYMNTS Intelligence found that across 560 firms surveyed, a minority, at 36%, had access...
Spanish bank BBVA is reportedly acting as an independent custodian for clients of cryptocurrency exchange Binance, helping those customers hold assets off the exchange.
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The bank recently began offering this service and became one of only a few independent custodians for Binance, the Financial Times (FT) reported Thursday (August 7), citing unnamed sources.
Neither BBVA...
From the release of GPT-5 to travel platform Expedia implementing artificial intelligence throughout its business to rental car companies using the tech to assess damage to rentals, here are this week’s top AI stories.
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ChatGPT Gets Boost in Capabilities With GPT-5
OpenAI released its much-anticipated and most powerful model, GPT-5, Thursday (Aug. 7).
The multimodal...