News

Investments
Privacy-Protecting Search Engine DuckDuckGo Nets $100M After 55 Pct Traffic Increase
June 17, 2021

DuckDuckGo, the search engine which puts users’ privacy first, completed a $100 million funding round recently, a company blog says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Perch And Purina Team To Give In-Store Shoppers A Web-Like Product Experience
June 17, 2021

Computer vision is transforming the grocery store experience. It is revolutionizing the checkout experience, streamlining the order fulfillment workflow, and now changing the way we purchase products for our pets. Marketing platform Perch, which uses computer vision to create touch-responsive digital media in stores, announced...

IPO
Ant Could Go Public By Year-End With Valuation Slashed 60 Pct 
June 17, 2021

China’s Ant Group could go public before 2021 closes out, although the tech giant’s valuation is anticipated to be reduced by as much as 60 percent to roughly $120 billion, Bloomberg reported, citing a report from Bernstein analysts led by Kevin Kwek.  Get the Full...

IPO
FinTech Wise Plans Direct Listing On London Stock Exchange
June 17, 2021

FinTech payments startup Wise is planning to be the first direct listing on the London Stock Exchange (LSE) and is not raising any funds for it, Reuters reported on Thursday (June 17). Get the Full Story Complete the form to unlock this article and enjoy...

Risk Management
Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests
June 17, 2021

The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to work in a world on lockdown due to the pandemic. But as Avant CEO Matt Bochenek told Karen Webster in a...

Artificial Intelligence
Banks Turn To AI To ‘Get Serious’ About Credit Lifecycle Management
June 17, 2021

Although the total number of banks that use artificial intelligence (AI) to assess credit risk has tripled in the past three years, those gains have overwhelmingly been limited to the largest lenders. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Cloud Banking Platform 10x Future Technologies Raises $187M For International Expansion
June 16, 2021

London-based FinTech 10x Future Technologies has closed a Series C funding round with $187 million, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Emburse Expands Into B2B Payments With Integrated AP
June 16, 2021

Emburse has rolled out its Emburse Pay – B2B Payments integrated payables offering, which lets workforces control and monitor the invoice approval and payment workflow from start to finish, according to a Wednesday (June 16) announcement. Get the Full Story Complete the form to unlock...

Bitcoin
Bitcoin Daily: Digital Wallet Bakkt, Wyndham Team On Travel Rewards; Binance-Backed Travel Site Travala Debuts...
June 16, 2021

Bakkt Holdings, a digital asset marketplace known for its Bakkt app, will be working with Wyndham Hotels & Resorts’ loyalty program, Wyndham Rewards, in order to let users redeem resort points within the Bakkt app, according to a press release. Get the Full Story Complete...