article thumbnail

Top News In Payments: Chinese Tech Sector Faces Capital Crunch; US Prepares For Potential Iranian Cyberattack

PYMNTS

In today’s top news, China is facing a “capital winter” of venture funding slowdown, the U.S. Chinese Tech Sector Faces Capital Crunch. China is facing a “capital winter” — a significant funding slowdown and drop in fundraising activities — after a venture capital boom and fall. billion ($2.5

Capital 131
article thumbnail

As Rates Rise and Recession Threatens, Alternative Lenders Batten Down the Hatches

Bank Innovation

LAS VEGAS - The CEOs of Prosper Marketplace, Lending Club, and Social Finance Inc. all spoke to a common theme – preparing for the coming storm and choosing loans for quality, not quantity. JPMorgan Chase has predicted a 60% chance of recession by 2020, and it’s not clear how traumatic an event it will be […].

Las Vegas 210
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon Eyes Zoox Acquisition For Autonomous Cars

PYMNTS

Meeting all three of these goals would require vast capital, and Zoox lacks the automotive partners that facilitate other startups like Cruise (GM) or Argo AI (Volkswagen and Ford). In 2019, it participated in a $530 million funding round for autonomous technology firm Aurora Innovation.

Las Vegas 245
article thumbnail

Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

Automakers that want in on ridesharing, self-driving cars or innovative car financing options aren’t always developing their own technologies or starting their own ventures. As such, automakers are hitting the venture capital highway in droves. What’s next for automaker-backed venture capital firms? Ridesharing. What’s New.

Capital 109
article thumbnail

Retail Pulse: True Food Drives Menu Innovation, LVMH Agrees To Buy Tiffany & Co

PYMNTS

Restaurants that are driving food innovation with carefully chosen ingredients focused on health are seeking funding to help power their growth. True Food Kitchen , in one case, has created its menu around recipes that Dr. Andrew Weil inspired with anti-inflammatory ingredients and is mulling raising new private capital, Bloomberg reported.

Retail 101
article thumbnail

Kyriba Payments Network Tackles CFO Mandate

PYMNTS

“CIOs are challenged with finding ways to accelerate ERP projects and reduce payments transformation costs against a larger backdrop of increasing payments fraud and keeping up with market innovations, such as real-time payments,” said Kyriba Chairman and Chief Executive Officer Jean-Luc Robert.

Las Vegas 130
article thumbnail

Naveed Anwar on APIs and creating a win-win-win situation

BankNXT

JP Nicols hosts Breaking Banks from Money2020 at Las Vegas, talking to Naveed Anwar from Capital One about APIs and the importance of co-creation. Naveed Anwar on APIs and creating a win-win-win situation on BankNXT.