6+ hour, 30+ min ago   (448+ words) Apollo Global Management is reportedly shuttering some parts of its Eliant Trade Finance platform. That’s according to a report Friday (Sept. 11) by Bloomberg News, which says the move comes after a difficult year for the previously hot inventory financing market....

8+ hour, 23+ min ago   (447+ words) American consumers are facing added strain as inflation continues to outpace wage growth. “A substantial number of Americans are worse off, their incomes are not keeping up with the price increases right now,” Heather Long, chief economist at Navy Federal…...

1+ day, 2+ hour ago   (146+ words) PYMNTS.com 48% of FinTechs Plan to Pursue Credit Union Deals FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth PYMNTS Intelligence surveyed 100 FinTech executives and found a sharp shift toward credit union partnerships. A market with nearly 146 million…...

3+ day, 5+ hour ago   (265+ words) FinTechs once saw credit unions as a hard market to crack. Now the door is crowded, and many providers want a way inside. “FinTechs Want In: How Credit Unions Can Turn Partnerships Into Growth” is a PYMNTS Intelligence and Velera…...

2+ day, 9+ hour ago   (709+ words) Revolut, Ramp and Adyen are extending their reach with large companies through banking, financial operations and global payments, respectively. PYMNTS Intelligence found that companies approaching enterprise scale can free up more cash when financing, supplier payments and treasury operations work…...

3+ day, 5+ hour ago   (910+ words) Revolut and Upstart are pursuing national banks that can take insured deposits and originate loans, while Circle and Block are using national trust charters for custody and other specialized activities. The OCC received 40 de novo charter applications in 18 months, including…...

3+ day, 11+ hour ago   (458+ words) Adding higher-priced products and catering to middle- and high-income consumers helped drive sales growth across the Macy’s, Inc. brands in the second quarter, executives said Thursday (Sept. 10) during an earnings call. Macy’s, Inc. saw growth across all its brands, including…...

3+ day, 11+ hour ago   (375+ words) Experian has added an artificial intelligence-enabled decisioning engine called Experian Activate to its consumer comparison shopping platform for credit cards, personal loans and car insurance, Experian Marketplace, the company said in a Thursday (Sept. 10) press release. With these resources, Experian…...

3+ day, 12+ hour ago   (478+ words) According to Reuters’ account of the New York Times report, the Justice Department began examining the arrangement shortly after it was announced in December and subsequently issued Nvidia a formal request for information. The investigation is focused on whether the…...