At first glance, it might seem incongruous to mention the PYMNTS FinTech IPO Index and banks and M&A in the same sentence. The index itself is up 32% year to date. And so the logic might follow that if stock is currency on Wall Street —...
Petco has teamed with dog nutrition brand Ollie to bring human-grade dog food to Petco customers. The partnership, announced Tuesday (Aug. 15), offers pet parents access to a service previously available only via online, direct-to-consumer subscription, making Petco the first nationwide pet retailer selling Ollie’s...
Google is ready to launch its next-generation artificial intelligence (AI) foundation model, Gemini, this fall. The tech giant aims for Gemini to become the force that powers chatbot Bard, which competes with the likes of ChatGPT from Microsoft-backed OpenAI, as well as enterprise applications such as Google Docs and Slides, Seeking Alpha reported Tuesday (Aug. 15), citing...
X, formerly known as Twitter, is ending its promoted accounts offering. Promoted accounts, which are also known as “Follower Objective” ads, are one of the platform’s oldest ad formats and generate $100 million of its annual revenue, Axios reported Tuesday (Aug. 15), citing an unnamed...
America’s banking sector is creeping closer to a wide-ranging downgrade. That’s according to Fitch Ratings analyst Chris Wolfe, who told CNBC Tuesday (Aug. 15) that such a downgrade could even touch seemingly untouchable giants like JPMorgan Chase. Wolfe said Fitch lowered its assessment of the banking sector’s health in June,...
7-Eleven Australia is gearing up to roll out frictionless checkout in an effort to meet convenience store customers’ need for speed. In an emailed press release, the Australian branch of the global convenience retail giant shared that it is partnering with checkout technology company Grabango....
Traxo, a provider of real-time corporate travel data capture, has partnered with small and medium-sized business (SMB) booking tool Booking.com for Business. The partnership’s offering will provide hundreds of thousands of Booking.com for Business clients with an expanded comprehensive travel visibility solution, the companies said in...
ClassWallet has raised $95 million to grow its digital wallet-based purchasing and reimbursement platform for public funds. The close of its first institutional growth capital funding round builds on ClassWallet’s growth and supports its efforts to help government agencies change how they do business, the...
As automation is increasingly taking over quick-service restaurant (QSR) occasions, it is not only restaurants looking to capitalize on the shift — Nestle’s frozen pizza brand DiGiorno is looking to get in on the action. The food giant is testing a pizza-making vending machine, selling...
