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Conveyor raised $20 million in a Series B funding round to expand the availability of its artificial intelligence agents that are designed to accelerate the B2B sales process by automating security reviews and requests for proposals (RFPs). [contact-form-7] The company will use the new funding to scale its AI research and engineering teams, expand its go-to-market initiatives and pursue...
The everything consumer requires an everything retailer, and that’s the pole position that retail giants Amazon and Walmart have been battling for over the past two decades. [contact-form-7] The rivalry between Amazon and Walmart is no longer just about who sells more. It’s about who builds the more intelligent, responsive and interconnected ecosystem. Once purely retail competitors,...
Blockchain firm Ripple launched a partnership with newly-public stablecoin issuer Circle. [contact-form-7] The collaboration brings Circle’s USDC stablecoin to Ripple’s XRP Ledger (XRPL) blockchain, according to a Thursday (June 12) press release. “Stablecoins are key entry points connecting traditional financial markets with the crypto space — essential for use cases focused on utility...
Online billing/payments service firm InvoiceCloud has debuted a new reporting tool. [contact-form-7] The company’s AI Report Generator, announced Thursday (June 12) is designed to offer utility, government and insurance billers real-time reporting using natural language processing. “Creating reports on overdue invoices or payment behaviors has historically required manually building...
Chase has launched a new online shopping experience that lets its cardholders pay with points, their card or both. [contact-form-7] Dubbed “The Shops at Chase,” this platform also offers cardholders exclusive promotions and a seamless shopping experience in which their shipping information is pre-filled, the bank said in a Wednesday (June 11) press release. The platform is now available...
European regulators say they will hold off on imposing new banking rules until 2027. [contact-form-7] The delay, announced by the European Commission (EC) Wednesday (June 11), revolves around a regulation known as the Fundamental Review of the Trading Book (FRTB). As the EC explained in a news release, this rule “aims to introduce more sophisticated risk measurement techniques, allowing...
Mattel reportedly teamed with OpenAI to weave artificial intelligence into its products. [contact-form-7] The toymaker, whose brands include Barbie and Hot Wheels, signed a deal to use OpenAI’s tools and could create digital assistants based on Mattel characters, Bloomberg reported Thursday (June 12). The technology could also be used to make products like the Magic 8 Ball or the card...
Berlin-based payment software FinTech Payrails has raised $32 million in new funding. [contact-form-7] The company’s Series A round, announced Thursday (June 12), will help the company speed product innovation and expand across Europe, the Middle East and Africa to meet growing demand from larger enterprises. “Enterprise payment operations are becoming increasingly complex and...
The traditional credit supply chain is showing signs of strain, leaving millions of consumers seeking alternatives to conventional banking products and opening new avenues for technologically driven lenders. [contact-form-7] Mainstream banks and credit unions are re-examining their underwriting standards across consumer and commercial lending. As Clive Kinross, CEO of FinTech Propel...
Early stumbles in self-checkout are giving way to a new era of self-service commerce powered by artificial intelligence and the Internet of Things, reshaping retail and unlocking new opportunities for businesses. [contact-form-7] The PYMNTS Intelligence report “Commerce Transformed: How AI and IoT Are Rebooting Self-Service Retail,” a collaboration with Cantaloupe, found that consumer...