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Trend Lab Nabs $12.7M To Boost Corporate FinServ With AI

PYMNTS

Trend Lab, a startup developing artificial intelligence (AI) solutions for the FinTech market, has revealed it secured new funding. Trend Lab was established in less than three months by its Founder and CEO Tin Mok, reports said, who wants to enhance FinTech across Hong Kong and the Asia-Pacific region.

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Does Destination Maternity Chain Bankruptcy Signal Larger Trends?

PYMNTS

21), the latest commerce operator to be on the verge of extinction in this age of digital and mobile. According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” Larger Trends. The company owns 458 stores in the U.S.,

Trends 101
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Pandemic Aside, SoftBank-Backed Travel Platform Klook Raises $200 Million

PYMNTS

Hong Kong’s travel and leisure booking platform Klook has closed a $200 million Series E funding round led by Aspex Management , with participation by Sequoia Capital China , SoftBank Vision Fund, Matrix Partners China and Boyu Capital , according to a press release.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

They’re not equipped to manage the operational risks associated with these smaller businesses,” Shoihet told PYMNTS, especially when it comes to extending short duration credit lines, debt products or factoring. But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region.

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5 Actionable Insights From 2Q 2022 Bank Earnings

South State Correspondent

With 100+ public banks reporting, we have more than a representative sample to see 2Q 2022 bank earnings trends and derive some operational insights on bank performance. In this article, we put some data behind the trends and provide optimal targets to help you run your bank more successfully. Look for this trend to increase.

Trends 195
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Tech Center: EU’s Capital City Grows Tech Reputation

PYMNTS

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The region is also home to an active and fast-growing startup scene. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016).

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Open Banking Expands Into SMB Lending, Smaller Banks

PYMNTS

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. The regional bank also noted growing interest among smaller FIs to embrace the bank-FinTech collaboration trend.

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