In response to market uncertainty, PayPal is pushing further into checkout to grow its in-store traction.
Wall Street’s biggest banks are likely to suffer from the slowdown in M&A, shrinking profits, and could set aside $4.5B to cover bad debt losses.
They see big opportunities in the cloud and with artificial intelligence. But big opportunities don’t come without big challenges.
After billions of dollars in losses, Marcus’ products will shift to the wealth and asset management businesses.
Colassano noted similarities between TCH’s RTP network pricing and FedNow’s and discussed real-time payment innovations.
The global economic downturn is putting pressure on FIs around the world. In the UK, firms are turning to tech and hiring to weather the storm.
It’s gained approval as a mutual savings bank, which means its commodity-dependent deposits are FDIC insured.
Despite the stalled IPO market, this one is expected in early 2023 at a valuation of $12 billion.
Director Rohit Chopra said he’s looking into issues like P2P payments fraud, which could lead to stricter regulation down the road.