News

Retail
Macy’s Says Holiday Season Hiring ‘Consistent’ With Last Year
September 18, 2023

Macy’s plans to hire more than 38,000 seasonal full- and part-time positions for the upcoming holiday season. The positions will be available at Macy’s, Bloomingdale’s and Bluemercury stores, as well as the company’s distribution centers, the retailer said in a Monday (Sept. 18) press release....

Security & Fraud
From Clorox to Casinos to Banks, Hacks Highlight Advantage of AI in Anti-Fraud Toolkits
September 18, 2023

Hack by hack, the fraudsters are getting bolder. And for enterprises girding against the rising tide of disruption and ransomware, advanced technologies are integral parts of any line of defense. A spate of attacks detailed over the last several days and weeks underscores the urgency...

Banking
Oracle Adds Cash and Liquidity Management to Banking Cloud
September 18, 2023

Oracle has expanded its cloud banking portfolio to help lenders launch new transaction banking offerings. Those offerings, announced Monday (Sept. 18), include cash management, liquidity management, and virtual account management, part of a suite of services designed to help banks bolster visibility, forecasting, and better control liquidity to...

Delivery
DoorDash Adds 8 Grocers as Aggregators Step Up Non-Restaurant Offerings
September 18, 2023

DoorDash is expanding its grocery selection as, across the industry, restaurant delivery services add more retailers in the leadup to Instacart going public. The United States’ leading restaurant aggregator announced Monday (Sept. 18) the addition of eight new grocery partners — CUB, Eataly, El Super,...

Investments
Levelpath Secures $44.5 Million in Funding for AI-Powered Procurement Platform
September 18, 2023

Levelpath has raised $44.5 million to launch its artificial intelligence (AI)-powered procurement platform. The company aims to enhance the procurement experience by introducing a procurement platform that is AI-powered and mobile-first, the company said in a Monday (Sept. 18) press release. Levelpath was founded by CEO Alex Yakubovich and...

Investments
Report: Alibaba Plans to Invest $2 Billion in Turkey
September 18, 2023

Alibaba reportedly told Turkey’s president it plans to invest $2 billion in the country. Alibaba President Michael Evans made the remarks in a meeting with Turkish Head of State Tayyip Erdogan, Reuters reported Monday (Sept. 18). It is not clear when the investment would be...

Security & Fraud
Report: Solid Financial Accused of Faking Revenue Numbers to Entice Investors
September 18, 2023

FinTech-as-a-Service firm Solid Financial is being accused of falsifying its revenue numbers to woo investors.  A lengthy report published Monday (Sept. 18) by FinTech Business Weekly said the company appears to have undertaken a scheme to inflate its booked revenue to present a positive impression for potential...

B2B Payments
Citi Launches Digital Asset Solution for Cash Management, Trade Finance
September 18, 2023

Citi Treasury and Trade Solutions has unveiled a digital asset solution designed to enhance cash management and trade finance capabilities. By using blockchain and smart contracts, the new Citi Token Services aims to provide institutional clients with “always-on” and programmable financial services, including cross-border payments,...

Artificial Intelligence
Will Gen AI Replace Workers or Empower Them?
September 18, 2023

The artificial intelligence (AI)-driven workplace is taking shape. But as companies look to squeeze efficiencies out of the technology from departments as diverse as marketing, finance, legal and more, they are at times running into a bottleneck: their own human employees. More than 650,000 American...