The state of logistics is representative of the state of commerce. As shippers and carriers alike deal with spotty spot demand, inflation, and geopolitical tensions across key supply chain points, observers believe it’s time for a reset, one driven by digital innovation. And with the announcement Monday (Aug. 19) of Freightos’ acquisition of Shipsta, a freight-tender
The integration of financial products and services into digital ecosystems is transforming commerce. “With the advancements of technology and the platforms businesses rely on to run their operations, they are looking to integrate financial products to give their customer base more value,” Ben Griefer, COO at Maverick Payments, told PYMNTS for the series “What’s Next in
As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the industry, pushing banks to adapt or risk being outpaced by nimble competitors from the Big Tech and FinTech sectors. A recent PYMNTS Intelligence report, “Embedded
Toyota Financial Services Italy (TFSI), the financial arm of the Toyota Group, has partnered with Open Finance fintech Fabrick in a collaboration that will see embedded finance services integrated into the automotive sector. In addition, TFSI has become a corporate partner of Fintech District, which is an international reference community operating under Fabrick’s umbrella for the
Wind the clock back just a few years, and online transactions were a disjointed experience. After filling a cart at a merchant’s site, upon checking out a user would be directed to another website to enter the same payment details. Cart abandonment inevitably followed. Enter embedded payments. As Jim Colassano, senior vice president, RTP, product
It’s a challenging time at retail — both online and in-store. Merchants are grappling with a volatile economy and the fact that consumers, in at least some cases, are reining in their spending. Max Rieck, CFO at Versatile Credit; Chris Guido, head of TD Owned Brands, Sponsorships and Emerging Opportunities for TD Retail Card Services;
Lenders across major global economies offer embedded lending. However, data suggests that the typical lender that serves consumers or small- to medium-sized businesses (SMBs) has not fully embraced the potential of embedded lending. For example, nearly half of lenders serving SMBs have not entered this space. Roughly 1 in 5 lenders show high interest in
LendingClub noted in its latest results that deposits on its balance sheet grew as customers gravitated to high-yield savings products, credit quality was strong — and embedded finance solutions may offer a new avenue of future growth. As detailed in the most recent earnings materials, deposits of $7.5 billion represented an increase over the $7.3 billion in the