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As brands face increasing challenges driving direct-to-consumer engagement, Chamberlain Coffee is seeing Amazon’s Subscribe...
Hawk AI, a provider of artificial intelligence (AI)-powered technology for fraud and anti-money laundering (AML) surveillance, has appointed Robin Lee as general manager for the Asia-Pacific (APAC) region.
This appointment highlights Hawk AI’s commitment to expanding its operations in the APAC market, the company said in a Friday (Feb. 16) press release.
“I’m very pleased to welcome Robin Lee to...
The Reserve Bank of India (RBI) reportedly wants to take a “hands-off” approach to regulating FinTechs.
At the same time, the central bank expects these firms to follow rules on customer verification and data protection, RBI Executive Director P. Vasudevan said Friday (Feb. 16), Bloomberg reported Friday.
There are “no harsher measures coming on FinTech,” Vasudevan said, according to the report....
For many sports betting companies, the Super Bowl is, well, their Super Bowl.
But daily fantasy sports contest and sports betting company DraftKings is more focused on winning the lottery, announcing Thursday (Feb. 15) that it has reached an agreement to acquire Jackpocket, a leading digital lottery app in the United States, for total consideration of approximately $750 million.
On Friday’s (Feb...
OpenAI CEO Sam Altman is reportedly seeking approval from the U.S. government for an initiative aimed at enhancing the global manufacturing of artificial intelligence chips.
The venture has the potential to raise national security and antitrust concerns in Washington, Bloomberg reported Friday (Feb. 16).
Altman has been actively engaging with potential investors and partners in the United States...
Toast’s latest quarterly earnings were marked by the announcement of a 10% headcount reduction, even as subscription revenues increased but growth across some metrics slowed.
As reported Thursday (Feb. 15) after the markets closed, the company said it was trimming 550 positions.
CEO Aman Narang said on the call that staffing cuts came because the company grew its team “too quickly” in some areas...
As DoorDash looks to grow from a restaurant delivery platform to something more like a super app, the aggregator is expanding its retail offerings by orders of magnitude each year.
On a call with analyst Thursday (Feb. 15) discussing the San Francisco-based delivery company’s fourth quarter and full-year 2023 financial results, CEO Tony Xu spoke to the rapid pace of the aggregator’s growth in the...
Apple is reportedly working on a new artificial intelligence (AI)-powered coding tool for XCode, its flagship programming software.
The company has reportedly been working on the project for the last year as part of the next major version of Xcode, Bloomberg said in a Thursday (Feb. 15) report. Apple is expanding internal tests of the features and has sped up development ahead of a plan to...
RockWallet, a self-custodial, multicurrency wallet, has announced the acquisition of the customer base of Wyre, a crypto payment platform that shut down in June 2023.
This development allows former Wyre clients to seamlessly use cryptocurrency on RockWallet’s platform without the need for redoing the know-your-customer (KYC) process or going through the inconvenience of onboarding again,...
Online payment processing platform Checkout.com has reportedly recorded a $126 million loss in its U.K. business.
The company was hit by reduced consumer spending and higher inflation, which led to stalled revenue growth, according to a Thursday (Feb. 15) report from Tech.EU, which cited unnamed sources.
Checkout.com’s revenue from the U.K. amounted to $246 million in the year ending December...