News

Banking
Sopra Banking Software Launches AI-Enabled Core Banking System
October 10, 2023

Sopra Banking Software (SBS) has launched its artificial intelligence (AI)-enabled core banking system, the SBP Core Platform. The cloud-native platform harnesses the power of cloud technologies and artificial intelligence, the global FinTech company said in a Tuesday (Oct. 10) press release. The SBP Core Platform features an...

Delivery
Bringg Unveils Last-Mile Delivery Tool ROAD
October 10, 2023

Delivery management platform Bringg has debuted a tool to streamline last-mile delivery. The company’s ROAD offering, announced Tuesday (Oct. 10), is designed to help companies “mitigate the risk of change management within the last mile of delivery by dividing the process into three tiers, each serving a different stage...

eCommerce
Amazon UK Takes Instacart Approach With Third-Party Grocery Partnerships
October 10, 2023

With Amazon reportedly in discussions with Waitrose, eCommerce giant seems to be moving further into the grocery aggregator space, and if these efforts make their way to the U.S., the company could soon wage battle against Instacart. London-based publication The Telegraph reported that Waitrose, a...

B2B Payments
UnionPay and TripLink Unveil Virtual Card for B2B Cross-Border Payments
October 10, 2023

Global payment network UnionPay has partnered with FinTech company TripLink to introduce the UnionPay Virtual Commercial Card in Singapore. This collaboration aims to address the cross-border payment needs of businesses, particularly in the airlines and hotel industries, the companies said in a Tuesday (Oct. 10) press release. The UnionPay Virtual...

Investments
kennek Raises $12.5 Million for B2B Lending Platform 
October 10, 2023

London-based FinTech kennek has raised $12.5 million in a seed funding round to grow its operating system for lenders serving the private debt market.  The firm will use the new funding to build upon its existing traction in the United Kingdom, expand its reach into continental Europe,...

IPO
Report: PayU Indian IPO Could Value Company at $7 Billion
October 10, 2023

Payments company PayU is reportedly planning to go public in India next year. As Reuters reported Tuesday (Oct. 10), PayU plans to seek regulatory approval in February for an initial public offering (IPO) worth at least $500 million, according to sources with direct knowledge. The sources told Reuters...

Retail
Consumers Fuel Uber’s Newest Return Service 
October 10, 2023

Most people consider returns annoying. And by most people, we mean the 79% of shoppers under 30 the National Retail Federation surveyed who consider mail returns to be somewhat or very bothersome.  Responding to this finding is Uber, which last week launched its “Return a...

Retail
Kleinfeld Encourages Brides to Say ‘I Do’ to Debt-Free Weddings 
October 10, 2023

If you’ve planned a wedding or had the privilege of being a guest at one, you’re already aware of the substantial costs associated with such an event.  The cost of weddings in the U.S. has been rising, transforming them into not only celebrations of love...

Payments Innovation
How Existing Payments Infrastructure Drives Innovation at Scale
October 10, 2023

The way money moves is evolving at a rapid and exciting clip. Fueling its rocket-ship acceleration are the twin engines of behavioral expectations grounded in digital convenience, and an increasing boom in the technical infrastructure capable of supporting the realities of those growing expectations. “I...