Generative artificial intelligence (AI) is a tool — not a sentient sci-fi creature. But as the tool becomes increasingly commercialized across today’s operating landscape, and increasingly integrated into the workflows and outputs of various sectors, the risk that AI might run afoul of existing technology...
Earnings season has trailed off — and now come the headlines focused on technology, partnerships and entry into new markets as FinTechs continue to try and disrupt everything from lending to embedded payments. To that end, the FinTech IPO Index was down 0.9% in a...
The banking industry remained resilient while encountering a mix of challenges and positive developments in the second quarter, according to the Federal Deposit Insurance Corporation (FDIC). Despite a decrease in net income from the previous quarter, the industry maintained stable asset quality metrics and strong...
U.K.-based B2B FinTech firm Kriya (formerly MarketFinance) has announced a partnership with EU-based platform-specific payment infrastructure provider Mangopay. The partnership between Mangopay and Kriya will benefit both business customers and platforms, the companies said in a Thursday (Sept. 7) blog post, by giving B2B marketplaces and platforms...
Contactless payments are now coming into contact with federal consumer protection agencies. This, as the U.S. Consumer Financial Protection Bureau (CFPB) on Thursday (Sep. 7) published a new report entitled “Big Tech’s Role in Contactless Payments: Analysis of Mobile Device Operating Systems and Tap-to-Pay Practices,”...
Alloy.ai has added new predictive and generative artificial intelligence (AI) features to its software platform. The features aim to help consumer brands overcome the sales, inventory, forecasting and supply chain challenges they face in today’s uncertain economy and unpredictable demand, the company said in a Thursday (Sept. 7)...
In an effort to place itself at the center of grocers’ omnichannel businesses, Instacart is boosting its in-store capabilities in advance of its planned initial public offering (IPO). Announced in a Thursday (Sep. 7) press release, the new features include the option for grocers to...
CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has completed a $24 million Series C funding round, bringing its total funding to $60 million. With this latest funding, the company aims to enhance its platform’s AI capabilities, including generative AI,...
As aggregators compete to woo restaurants, Grubhub is offering more flexible features. The Chicago-based food delivery platform announced Thursday (Sep. 7) the launch of a new feature for restaurants, dubbed “On-Demand Delivery,” enabling eateries that leverage their own driver networks for deliveries to request additional courier...
