Bank of America has unveiled a platform to help business clients digitize trade finance. The company’s CashPro Supply Chain Solutions tool is designed to offer supply chain participants “improved process efficiency and working capital optimization,” Bank of American said in a Monday (Sept. 18) press release. The...
Flexport, a tech-driven platform for global logistics, has launched a self-service, artificial intelligence (AI)-enabled supply chain solution designed specifically for entrepreneurs. This all-in-one solution provides instant access to financing, freight, fulfillment and replenishment to all major marketplaces and retail stores, the company said in a Tuesday...
The global trade sector may have an answer to supply chain hiccups: AI. As Bloomberg News reported Sunday (Sept. 3), generative artificial intelligence (AI) and large-language models have emerged to help governments and businesses identify both problems and opportunities in a trading system worth $32...
PSB Alliance, an entity formed by 12 state-owned lenders in India, has partnered with Veefin Solutions, a builder of white-labelled supply chain finance and digital lending solutions. This collaboration aims to introduce a unified cloud-based ecosystem for supply chain financing, streamlining and administering supply chain financing...
FarEye has unveiled an artificial intelligence-based dynamic routing solution for the trucking industry. This solution aims to tackle the pressing challenges faced by companies in the sector, offering a range of benefits including reduced miles driven and increased operational efficiency, the provider of delivery management solutions...
The historically fragmented industrial economy is getting a modern makeover. And while ecosystem needs are different from geography to geography, a fundamental shift in digital capabilities is reframing the possibilities — and efficiencies — of the global construction industry. That’s why PYMNTS sat down with Kaustubh...
Silo Technologies, a provider of financial technology for distributors and grower shipper businesses in the perishable food supply chain, has raised $132 million in new capital. This includes a $32 million Series C round and a $100 million funding facility from First Citizens Bank, Silo...
Raft has raised $30 million in Series B funding to further development of its artificial intelligence (AI)-powered logistics platform. The fresh capital will be put toward increasing the development and deployment of Raft core automation products, the company said in a Tuesday (July 11) press...
CADDi has raised $89 million in Series C funding for its solutions for the manufacturing sector. The company will use the new funding to enhance the capabilities of both its parts-procurement platform called CADDi Manufacturing and its cloud service for managing drawing data called CADDi Drawer,...