Innovation

Innovation
Firms Hope to Win With Receipt Data Solutions but Implementation Issues Abound
January 25, 2023

Leveraging the full value of item-level receipt data in a simple, secure way enables financial institutions (FIs), FinTechs and merchants to provide the rich, seamless commerce and banking experiences today’s digitally savvy consumers expect. For firms looking to integrate item-level receipt data, the potential to attract...

Innovation
Grocers Turn to Retail Media to Supplement Consumer Revenue
December 02, 2022

This week in grocery, grocers tapped retail media, and a U.K. grocer tested robotic delivery. BJ’s Wholesale Club, for one, a membership-only warehouse club chain with 234 locations across 18 states, announced Thursday (Dec. 1) that it is launching BJ’s Media Edge, a Microsoft PromoteIQ-powered...

Innovation
UK Launches New FinTech Innovation Center
November 11, 2022

A new private sector-led body has been launched in the United Kingdom to nurture the country’s FinTech ecosystem. The Center for Finance, Innovation and Technology (CFIT) announced in a Tuesday (Nov. 8) press release that Charlotte Crosswell, who will soon be stepping down as chair...

Innovation
Experts Say Digital Makeover of Receivables Yields Returns Beyond AR
October 11, 2022

The pandemic ushered in a receivables revolution as disruption forced an “innovate or perish” urgency in cash management, money movement, payout options and related fraud risk. As part of PYMNTS’ monthlong series of discussions around the digital transformation of business, we invited Abhishek, global head...

Innovation
US Banks Plan 2023 Investments in Receipt Data Innovation
October 06, 2022

Collaboration between retailers, financial institutions (FIs) and FinTechs powers the rich, seamless commerce and banking experiences today’s digitally-savvy consumers expect. Often, this includes leveraging the full value of item-level receipt data in a simple, secure way to better engage with merchants and consumers. PYMNTS’ research...

Innovation
B2B Marketplace Wasoko, Zanzibar Team to Build Innovation Hub
August 30, 2022

Aiming to make Zanzibar a home for tech companies from Africa and around the world, B2B eCommerce marketplace Wasoko has partnered with the Zanzibar government to open an innovation hub on the island.  The Wasoko Innovation Hub is a private-public partnership that is part of...

Innovation
Lithuania Pledges Roughly €600M to Promote Innovation, R&D
August 21, 2022

The Ministry of the Economy and Innovation of the Republic of Lithuania will make about €600 million ($602.5 million) available in the next few years to help bolster innovation, starting this autumn. In an agency blog post published Aug. 17, Minister of the Economy and...

Innovation
Instacart’s Catering Feature Helps Grocers Challenge Restaurants for Big Orders
August 04, 2022

As food prices skyrocket, consumers are shifting their meal spending from restaurants to grocery stores, and Instacart is doing everything in its power to accelerate that shift. Instacart announced Thursday (Aug. 4) that it is integrating catering software subsidiary FoodStorm’s technology into its app to...

Innovation
Synctera Launches Compliance Program Ground Control
August 03, 2022

FinTech platform Synctera has launched Ground Control, a banking and compliance program designed to help creators of financial products ensure they are meeting banking and financial regulatory obligations. Ground Control gives FinTech builders the choice of having compliance tasks managed by Synctera, including know your...