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What Is the Outlook for BaaS in 2023?
Date: January 13, 2023
By Nikhil Sengupta, Global Sales Director at Vodeno Banking-as-a-Service (BaaS) has empowered companies to embed financial products and services into their ecosystems – in turn, this has also enabled them to improve their customer experience and grow their business. According to a recent McKinsey report, the Total Addressable Market (TAM) of Banking-as-a-Service (BaaS) providers in...
Italian Watchdog Fines Online Retailer Ynap More Than $5 Million
Date: January 13, 2023
ROME (Reuters) – Italy’s antitrust agency has fined online fashion retailer YOOX Net-A-Porter (YNAP) 5.25 million euros ($5.69 million) over misleading pricing and its returns policy, the regulator said on Friday. The retailer advertised reductions on products on which the final sale price was “substantially the same” as the pre-discount price and blocked orders from...
Festive Cheer Boosts Profit Outlook for UK’s Card Factory
Date: January 10, 2023
By Aby Jose Koilparambil (Reuters) – UK greeting cards retailer Card Factory lifted its full-year earnings forecast on Tuesday after people flocked to its high street stores to buy Christmas cards as Royal Mail strikes deterred online sales. Shares of the FTSE SmallCap firm rose as much as 9.2% to 95 pence, their highest level...
Octopus Energy Targets 1 Million German Customers by 2025
Date: January 10, 2023
By Vera Eckert and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Britain’s Octopus Germany, a relatively new market entrant for retail electricity and gas, is seeking one million German customers by the end of 2025 after wholesale price surges caused a two-month stop in customer acquisitions last year. “We needed to pause our expansion for a while,” said...
An Exciting Year Ahead of the Payment Industry
Date: January 9, 2023
By Tim Annis, UK Managing Director at Bluechain Payment innovation accelerated globally in the past 12 months, and this year will be no different. The social and economic challenges of the coming year mean businesses will need to adapt to navigate an increasingly complex economic climate. From the competitive market and tightening regulations to changing...
Rolls-Royce Rides Ongoing Luxury Demand to Sales Record in 2022
Date: January 9, 2023
By Nick Carey LONDON (Reuters) – Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023. The British carmaker, which began as Rolls-Royce in Manchester, England nearly 120 years ago and is now owned...