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NYC Commission Votes to Limit Municipal Deposits at Capital One, KeyBank BY PYMNTS | MAY 26, 2023 | Capital One The New York City Banking Commission has voted to limit new municipal deposits in the city’s accounts at Capital One and KeyBank. The three members of the commission voted to do so after the banks “failed to...

Restaurants Push Back on Flatlining Digital Growth With Rewards Upgrades BY PYMNTS | MAY 26, 2023 | Restaurants Reevaluate Free Food Loyalty Incentives After a surge in digital engagement with restaurants in the early stages of the pandemic, consumers around the world, it seems, have been pulling back, prompting restaurants to step up their technology efforts. According...

Gainbridge to Launch B2B Insurance-as-a-Service Platform for FinTechs BY PYMNTS | MAY 26, 2023 | insurance Gainbridge Insurance Agency will launch a B2B insurance-as-a-service platform for FinTechs later this year. The platform will offer turnkey savings and retirement solutions for FinTechs’ customers, the InsurTech subsidiary of Group 1001 said in a Thursday (May 25) press release. “The world...

Chipotle Founder Reportedly Creating Robotic Restaurant as Eateries Tap Automation BY PYMNTS | MAY 26, 2023 | restaurant robot With restaurants testing out different automated technologies, trying to get a sense of how much labor they can outsource to machines without compromising on quality or alienating consumers, Chipotle founder and former CEO Steve Ells is reportedly...

Report: JPMorgan Chase Cuts 500 Technology and Operations Roles BY PYMNTS | MAY 26, 2023 | JPMorgan Chase has reportedly cut 500 positions, most being technology and operations roles. The cuts were made this week and across the bank’s divisions, CNBC reported Friday (May 26), citing unnamed sources. At the same time, JPMorgan Chase is looking to...

Less than 40% of Gen Z Consumers Agree That Bank Authentication Is Strong Enough BY PYMNTS | MAY 26, 2023 | When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade security. This topic is analyzed in Consumer Authentication Preferences for...

Analysis The West will be disappointed with Erdogan's likely electoral success Mr Erdogan's rival Kemal Kilicdaroglu promised a reset in relations. He might have fallen short but, for allies, the direction of travel would have been refreshing. Dominic Waghorn International Affairs Editor @DominicWaghorn Saturday 27 May 2023 04:26, UK Listen to this article 0:00 / 3:56 1X BeyondWords Audio created using AI assistance Turkish President Tayyip Erdogan, accompanied by his...

Explainer F-16s are heading to Ukraine - but will they pose a credible threat to the Russian Air Force? Military analyst Sean Bell takes a closer look at the F-16 Fighting Falcon jets being sent to Ukraine and what else Zelenskyy's troops can expect to receive in the coming months. Sean Bell Military analyst Saturday 27 May 2023 03:55, UK Listen to this article 0:00 /...

POLITICSUNITED STATES OF AMERICA Political visionary or warmonger? Henry Kissinger turns 100 Michaela Küfner Washington 8 hours ago8 hours ago At 100, Henry Kissinger is both hailed for his diplomatic brilliance and condemned for his decisions that cost many lives. He is America’s most experienced statesman and firmly focused on the future rather than the past. https://p.dw.com/p/4RnKt After a visit to the Palace of Versailles...

SOCIETYPAKISTAN Pakistan: Poor suffer as cash crunch hits charity projects Jamila Achakzai in Islamabad 15 hours ago15 hours ago With Pakistan's economic turmoil worsening, those in poverty are suffering most. The country is in the midst of a serious financial crisis caused by a long delay in the $1.1 billion bailout from the IMF. https://p.dw.com/p/4RqWt With Pakistan in dire straits due to loan delays by...

POLITICSUNITED STATES OF AMERICA US: Yellen extends debt default deadline to June 5 5 hours ago5 hours ago US Treasury Secretary Janet Yellen warned that inaction on the debt ceiling would "cause severe hardship." The previous estimate for a potential debt default was June 1. https://p.dw.com/p/4RsdV US Treasury Secretary Janet Yellen on Friday updated the nation's debt default deadline to June 5, later than...

Digital Wallets and Networks Shake Up the $630 Billion Global Remittance Market BY PYMNTS | MAY 25, 2023 | The global remittance market — where hundreds of billions of dollars flow across borders annually — is being reshaped by digital disruption. Late last year, the World Bank estimated that remittances last year grew by 5% in...

FinTech IPO Index Slips 2.4% as OneConnect, Lufax Decline After Earnings Reports BY PYMNTS | MAY 25, 2023 | The last of the earnings reports are trickling in across the FinTech IPO Index, with more decliners than gainers, which in turn helped send the index down 2.4% for the week. OneConnect posted results that showed...

Nvidia’s Chips and OpenAI’s Cash Help Fast Track Generative AI’s Future BY PYMNTS | MAY 25, 2023 | Among the best ways to gauge the interest in, and evolution of, new technology is to follow the money. A few data points, measured in dollars through the past several days underscore the fast tracking that’s...