A roundup of the most newsworthy financial press releases from PR Newswire this week, including Workday's report on federal human resources inefficiencies and a new credit card from PNC Bank.
NEW YORK, May 16, 2025 -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Outdated HR Systems Cost Government $1 Billion Annually, New Workday Report Shows
The report highlights a critical inefficiency: Federal HR leaders dedicate almost half their time (48%) to system workarounds, error correction, data reconciliation, and manual tasks. - Climate risk threatens to widen the racial wealth gap
Nationally, 25% of homes owned by Hispanic households are at major risk of wildfire. That's significantly higher than the 18% of white-owned homes facing the same level of risk. Among homes owned by Black households, 60% face major wind risk, compared to just 32% of white-owned homes. - Chainlink, Kinexys by J.P. Morgan, and Ondo Finance Team Up to Bring Bank Payment Rails to Tokenized Asset Markets
The demonstrated cross-chain solution is a testament to what can be achieved through strong collaboration across diverse segments of the Web3 ecosystem, and we are pleased to have worked with Ondo and Chainlink to bring this to life as the first transaction on Ondo Chain testnet," — Nelli Zaltsman, Head of Platform Settlement Solutions, Kinexys Digital Payments at Kinexys by J.P. Morgan. - DeFi Technologies Begins Trading on Nasdaq, Announces Shareholder Call to Discuss Q1 2025 Financial Results
Upon commencement of trading on Nasdaq, the Company's Common Shares will cease to be quoted on the OTC Markets. DeFi Technologies will continue to trade on the CBOE Canada and the Börse Frankfurt exchanges. - PNC Bank Introduces PNC Spend Wise℠, A No Annual Fee Credit Card Offering A Purchase APR Reduction to Encourage Responsible Credit Habits
This unique credit card is built to encourage responsible financial management through its associated purchase APR reduction program for eligible cardholders who meet timely payment and spend requirements. - First-Party Fraud Surpasses Scams to Become the Leading Form of Global Attacks
LexisNexis® Risk Solutions released its annual Cybercrime Report, revealing a significant swing in the composition of global fraud attacks, with first-party fraud now the leading type globally, representing a third (36%) of all reported fraud in 2024, up from 15% the year before. - HUB Secures Significant Minority Investment and Reaches New Milestone with $29 Billion Valuation Demonstratin g Confidence in the Company's Sustainable Top Tier Organic Growth
Hub International Limited (HUB), a leading global insurance brokerage and financial services firm, has entered into a definitive agreement for a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. - The future of banking is intelligent - but riskier than ever, study reveals
New SAS-sponsored research by Economist Impact reports near universal generative AI adoption. However, nearly 80% of surveyed executives expect cyberattacks, fraud and financial crimes to have major operational impacts in the decade ahead. - Chime Enterprise Launches PayTV™ Providing a Purpose-Built, Real-Time Employee Pay Visibility Solution for Payroll
PayTV empowers payroll teams with new insights and data, bridging the gap between payroll processing and bank deposits and proactively identifying and addressing pay delivery risks. - J.S. Held Experts Release Action Plan for Senior Management Teams to Manage Tariff Uncertainty
J.S. Held published the first in a multi-part video series designed to help businesses and their investors navigate tariff uncertainty. The three-video Tariffs and Trade Series builds upon intelligence, insights, and action plans shared in J.S. Held's Tariffs and Trade resource center. - Over Half of Americans Don't Know About 529 Plans for Education Savings, Edward Jones Study Finds
New research highlights a declining interest in higher education: Given inflation and high interest rates, 41% of Gen Zers and 29% of Millennials are more likely to consider skipping higher education and beginning to look for full-time employment or an internship. - Progressive Drives Small Business Forward with $1 Million in Commercial Vehicle Grants
Progressive Insurance®, in cooperation with Hello Alice, has committed $1 million in grants to empower small businesses across the United States. Twenty recipients will be awarded $50,000 each to go toward the purchase of a commercial vehicle and related expenses. - More Painful Than Combat: 91% of Veterans Say Debt Worsens PTSD In a New Study from National Debt Relief
The study polled 1,000 U.S. veterans ages 21 and older who are no longer in military service, offering a sobering look at the challenges faced after service. According to the findings, 91% of veterans who have completed their service believe debt can worsen military-related PTSD and that nearly 4 in 10 veterans (37%) face constant stress over paying bills. - Yardi Introduces the RentCafe CRM IQ Mobile App
CRM IQ is an advanced customer relationship management platform that streamlines applicant, prospect and resident workflows. The CRM IQ Mobile App will give leasing teams access to features such as inbound and outbound communication via text, call and email, and easy search for residents and prospects. - Dominari Holding's Strategic Interest in Bitcoin Mining Set to Go Public
The strategic stock-for-stock transaction will result in American Bitcoin becoming a publicly traded entity on Nasdaq in which former American Bitcoin stockholders, including Dominari Holdings, will own approximately 98% of the combined company.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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