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Fintech’s Power Grab — in The New York Times

Bank Innovation

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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Facebook Working On WhatsApp P2P Digital Currency

PYMNTS

Citing various sources with knowledge on the matter, The New York Time s reported that Facebook is currently working on a coin that users of its WhatsApp could instantly send to friends and family. The biggest messaging apps in South Korea and Japan, Kakao and Line, are planning to get in on the action with their own coins as well.

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L’Oréal, Instagram Lead Late-Year Social Commerce Push

PYMNTS

“So it’s no surprise that Instagram is making moves to replicate TikTok’s most popular features — especially in areas where TikTok hasn’t already amassed a strong foothold, like Brazil,” says social media fan site Later. “In In practice, that means turning customers into influencers via a social selling technology platform.

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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

PYMNTS

That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. It has a network of dry cleaners (40 currently in New York City) that are happy for the extra revenue.

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For Visa, She’s Next Is What’s Next

PYMNTS

15) that it has launched a global initiative, She’s Next, Empowered by Visa, which seeks to support the advancement of women-owned small businesses around the world through shared research, experience and technologies. These entrepreneurs would like to sharpen their social media skills to broaden reach and grow their firms.

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As Ant Financial Rises, So Does China

PYMNTS

The recent $14 billion worth of fresh capital for Ant Financial — the China-based firm that is now the most valuable privately held tech firm in the world, ahead of Uber — comes amid fresh fears among some banking professionals in the West that China is passing them by. Here comes China. That contrasts with the U.S.,

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Data’s Influence And Contactless Vending, In Style At Fashion Week

PYMNTS

This week, New York celebrated its 75th fall Fashion Week, with all the pomp, glamour, celebrity and hype that defines the event. In 1943, the fashion capital of the world at the time, Paris, was at war and under siege. Thus, New York Fashion Week was born. Even after the war came to an end, the idea stuck.

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