China’s internet regulator has introduced regulations to keep kids from spending too much time online. The rules issued by the Cyberspace Administration of China (CAC) amount to some of the toughest restrictions on internet use on the planet, Bloomberg reported Wednesday (Aug. 2), and could...
Rho has unveiled new artificial intelligence (AI)-powered accounts payable (AP) automation capabilities. These capabilities will be added to the company’s all-in-one finance platform later this month, Rho said in a Wednesday (Aug. 2) press release. “As companies grow, their finance teams are under immense pressure...
Settle has introduced a purchasing and procurement solution designed for founders of eCommerce businesses. The new Settle Purchasing suite of tools automates bill pay, purchase order creation, auditing, reporting and other back-office tasks, the cash-flow management platform said in a Wednesday (Aug. 2) press release....
FIS Global posted second-quarter earnings results ahead of its pending sale of a stake in Worldpay that showed increasing demand from banks to digitize their services and capture accounts. The company’s earnings materials detailed that Banking and Capital Markets posted 2% organic revenue growth tied...
Both the value and the volume of European initial public offerings (IPOs) have dropped to their lowest level in 14 years. Companies raised 2.4 billion euros (about $2.6 billion) through stock market listings in the first half of the year, with the number of public...
Pinterest reported 8% growth in monthly active users (MAUs), reaching 465 million. Although this growth rate was similar to the previous quarter, the company noted that users were spending more time on the platform, thanks in part to improved post and ad recommendations made possible...
Amazon is reportedly overhauling its grocery operations to compete on that front with rival Walmart. Changes on tap include updated stores, a warehouse automation pilot and offering fresh food delivery to non-Prime members, Bloomberg News reported Wednesday (Aug. 2). Meanwhile, Amazon will also merge its eCommerce grocery offerings — Whole...
Pinterest says its efforts to become a shopping destination are bearing fruit. While releasing its earnings Tuesday (Aug. 1), the social media platform said click rates and saves on posts linked to shoppable items rose 50%, exceeding its first quarter’s growth rate. Whether people would...
Banking in the cloud might have once been a nice-to-have, but over time has become critical to enabling the changes that banks are trying to enact across the payments landscape. But despite the value financial institutions (FIs) can capture through cloud migration, moving and outsourcing...
