And now, we’re back to the regularly scheduled stock market volatility. The short trading week is behind us, and so is Thanksgiving and Black Friday. And the initial read across is that buy now, pay later (BNPL) was a strong winner as consumers opted for...
Embedded finance has the potential to revolutionize the way software platforms and marketplaces operate. Yet for all its promise, certain barriers stand in the way of broader adoption by Software-as-a-Service (SaaS) platforms and marketplaces. Luke Latham, general manager of Australia and New Zealand at Airwallex,...
Microsoft is in talks with partners to launch a mobile gaming store that would compete with those of Apple and Google. Phil Spencer, the head of Microsoft’s Xbox video game division, revealed the company’s plans during an interview at the CCXP comics and entertainment convention...
For nearly a year, there has been one clear generative artificial intelligence leader: OpenAI. But now, with generative AI technology advancing rapidly — and hastily patched-up cracks showing at Sam Altman’s OpenAI — the marketplace is starting to get chippy. This week, Amazon, which industry...
The Consumer Financial Protection Bureau (CFPB) sends 20,000 complaints to companies for responses every week. “I am proud of the CFPB’s work in getting consumers the resolutions they deserve, often through referrals from local organizations, Congressional offices and many others,” CFPB Director Rohit Chopra said...
As Kroger continues to drive double-digit digital growth, the grocery giant is accepting a negative impact on profit margins for the time being, betting on its digital transformation to drive long-term loyalty and spending. In the grocer’s third-quarter fiscal 2023 earnings report released Thursday (Nov. 30), the...
Pluto, a provider of financial corporate spend management solutions in the United Arab Emirates (UAE), has partnered with Mastercard to provide B2B payment solutions in the Gulf Cooperation Council (GCC) region. This collaboration will leverage Mastercard’s expertise in payment technology to enhance Pluto’s existing suite of solutions,...
The number of payments and invoices that businesses must process can increase, especially for growing businesses. Firms are recognizing the need to automate accounts payable and receivable processes to ensure streamlined operations in their daily routines. With the proper automation in place, companies may reduce...
Kognitos, a builder of generative artificial intelligence (AI) for business automation, has completed a $20 million Series A funding round, bringing its total venture capital raised to $30 million. This company will use the new funding to enhance its platform capabilities, expand its partnerships and...
