News

Digital Banking
Revolut Rolls Out Latest App to 35 Million Global Accountholders
October 10, 2023

Revolut has launched the latest version of its app — Revolut 10 — for its more than 35 million global accountholders. “You asked for all things money made easy, so we challenged ourselves to see how easy we could make Revolut 10,” the neobank said in a Tuesday...

Retail
Consumers More Cost-Conscious During Amazon’s Prime Big Deal Days
October 10, 2023

Shoppers are reportedly opting for affordable items during Amazon’s fall sale for Prime subscribers. Early data from the retailer’s Prime Big Deal Days event reveals that price-conscious shoppers are primarily gravitating towards low-cost kitchen gadgets and apparel instead of splurging on big-ticket items, Bloomberg reported Tuesday (Oct....

Investments
Plenful Raises $9 Million for AI-Powered Healthcare Workflow Automation
October 10, 2023

Plenful has raised $9 million to continue bringing its artificial intelligence (AI)-powered workflow automation platform to healthcare and pharmacy operations. With more than 20 health systems and pharmacy customers utilizing its platform, Plenful aims to improve efficiencies in patient care while combating staff burnout, the company...

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...