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Working capital enables companies to avoid disturbances in operations in the short term and power growth in the long term. In the Central Europe, Middle East and Africa (CEMEA) region, 58% of Growth Corporates used working capital solutions last year. The region’s low usage rate relative to others implies that firms are not taking full advantage of available external financing.
CEMEA Growth...
Unexpected expenses can pack a financial punch for any consumer, but for those who are already dealing with credit-related issues, the blow can be especially devastating.
Take the credit marginalized, for instance: consumers who have been rejected for at least one credit product in the last year. PYMNTS Intelligence data shows they are on a bit of a collision course with financial danger, as...
Data modeling can guide businesses refine strategies and optimize outcomes in uncertain times, Franklin Madison CEO Robert Dudacek writes in the new PYMNTS eBook, “The Implications of Uncertainty.”
Confidently knowing where we’re going helps us navigate the unexpected. In times of uncertainty, we lean on data modeling as our compass. It’s the tool we use to inform major areas of our business...
Long-term success frequently results from businesses being agile, and prepared, in the short-term.
That’s why it is so heartening, Shaunt Sarkissian, founder and CEO of AI-ID, told PYMNTS for “What’s Next in Payments Series: Quarterly Scorecard,” that “the first quarter of 2024 is so far going according to plan.”
The end of last year brought forth several macroeconomic uncertainties, from...
Financial crime intelligence provider ComplyAdvantage has acquired tech company Golden.
As ComplyAdvantage noted in a Wednesday (April 23) news release sent to PYMNTS, Golden is “automating the construction of one of the world’s largest knowledge graphs,” which shows interconnected data points and their relationships for analyzing complex information.
“Golden’s data extraction and...
Mastercard is bringing an artificial intelligence (AI)-driven, partnership approach to detecting and preventing identity and payments scams before they can result in victimizing consumers.
The company announced on Wednesday (April 24) a new product suite and several cross-industry partners to combat the use of AI to deceive consumers, according to a news release emailed to PYMNTS.
Called “Scam...
Online lender Enova International reported growing lending volume and solid credit performance for the first quarter.
During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion, according to the press release.
Small and medium-sized business (SMB)...
Square has expanded the availability of offline payments to every hardware device, in every country.
The company has offered this no-connection-required solution for 10 years on some of its devices, expanding it to a growing number of units over that time, and now offers it across the entire Square hardware lineup, Square said in a Tuesday (April 23) press release.
With the latest expansion,...
Brightwell has launched a platform designed to let businesses deliver cross-border payments to their customers.
The new Latitude platform does so based on the customer’s currency, location and payment method, the global payments technology company said in a Tuesday (April 23) press release.
“Businesses across a variety of industries have made substantial investments in prioritizing the customer...
Shopify reportedly plans to base raises on numerical scores assigned to employees based on their skill level.
Employees will be eligible for a raise only when their score increases within a certain amount of time, Seeking Alpha reported Tuesday (April 23), citing a paywalled article by The Information.
Reached by PYMNTS, a Shopify spokesperson provided an emailed statement: “We’re kicking down...