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Saks Fifth Avenue’s new “hyper-personalized” homepage in its online and mobile app experience has improved conversion by nearly 10% and boosted revenue per visitor by 7%, according to the luxury retailer’s parent company, Saks Global.
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The new homepage uses machine learning algorithms and real-time customer behavior to create an experience that is unique to each customer...
Growfin and Zuora partnered to offer enterprise companies a collections and cash flow management solution powered by artificial intelligence.
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The solution uses agentic AI to help enterprise finance teams adapt to each customer’s behavioral collection signals and enhance the end-to-end order-to-cash process, the companies said in a Thursday (Aug. 14) press release.
The...
The July retail sales report showed solid spending overall, but a deeper dive into category-by-category spending reveals a bit of give and take.
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The households budgets in the paycheck-to-paycheck economy are still pinched, and consumers used July to stock up in a few key discretionary categories while dialing back on dining out.
The Census Bureau’s data, released...
The cryptocurrency industry has matured from garage-hack experiments to a trillion-dollar asset class with global implications.
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Yet, behind the scenes, one stubborn obstacle, the institutional custody gap, remains.
This isn’t just about securing private keys. It’s about building a custodial system that institutional players can trust and that regulators can accept....
Citigroup is reportedly considering getting involved in stablecoins.
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The bank is exploring providing stablecoin-powered payments as well as custody services for the assets that back stablecoins and crypto-related investment products, Biswarup Chatterjee, global head of partnerships and innovation for Citigroup’s services division, told Reuters in a report posted...
Peloton plans to roll out new AI features as soon as October, OpenAI rival Cohere raises $500 million and Anthropic offers Claude to the federal government for $1. PYMNTS breaks it down.
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AI’s Reach Is Limited in Search for a Cancer Cure
Silicon Valley leaders like Google DeepMind’s Demis Hassabis and Anthropic’s Dario Amodei have predicted artificial intelligence (AI)...
Cognition reportedly raised $500 million in a funding round to support its artificial intelligence (AI) software code generation products.
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The round doubled the company’s valuation to $9.8 billion, The Wall Street Journal (WSJ) reported Thursday (Aug. 14), citing an unnamed source and a document filed with the State of Delaware.
Cognition did not immediately reply to...
Investors in Germany’s most valuable FinTech, N26, are pushing to remove its co-founders from executive roles and install the bank’s supervisory board chair as interim co-chief executive, the Financial Times reported, citing people familiar with the matter.
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According to the FT, under a proposed deal, co-CEOs Valentin Stalf and Max Tayenthal would step down by year-end,...
It was Aristotle who said: “The roots of education are bitter, but the fruit is sweet.” It could be a headline for the latest paycheck-to-paycheck study from PYMNTS, which found a mix of regret and pride among the parents and students who have gone into debt to finance their education.
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It’s an issue that has been in the headlines lately. Federal student-loan payments...
Amazon and Walmart occupy overlapping territory in retail but dominate in very different ways, largely because they’ve built their empires around different strategic identities.
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Amazon is viewed as a technology powerhouse that happens to sell products; Walmart is seen as an efficient and omnipresent retailer. One is rooted in code, cloud servers and literal satellite...