News

Investments
37 Angels’ Lee: Angel Investing Has Evolved From Side Gig to Asset Class of Its...
August 01, 2023

Picture an entrepreneur pitching their business to a panel of investors to convince them that their idea is worth funding. That’s the concept of the popular TV series “Shark Tank,” which Columbia Business School professor and 37 Angels founder Angela Lee says has contributed to the rapid surge...

Mobile Payments
Weave Adds Mobile Tap to Pay to Healthcare Platform
July 31, 2023

Weave has added Mobile Tap to Pay to its customer experience platform for small- to medium-sized businesses (SMBs) in healthcare. The new feature expands the company’s payment suite, offering patients and clients another way to make payments, reducing transaction time and optimizing the overall customer experience, the...

Banking
Fed’s Senior Loan Officer Survey Signals Pressure as Small Businesses Seek Credit
July 31, 2023

The traditional avenues of lending are narrowing, signaling tougher times ahead for smaller businesses seeking access to credit. As detailed Monday (July 31) in the Federal Reserve’s Senior Loan Officer Opinion survey, which is issued quarterly, banks are tightening their underwriting standards. Drill down a...

Digital Banking
Treasury Prime Teams With Academy Bank to Expand BaaS Offerings
July 31, 2023

Treasury Prime has teamed with Academy Bank to bring embedded finance services to its customers. “This partnership addresses the increasing demand for flexible and scalable solutions that effectively meet the evolving needs of businesses and customers,” the companies said in a news release Monday (July 31). The goal...

Retail
Birkenstock Preparing for September IPO in the US
July 31, 2023

German footwear brand Birkenstock is reportedly getting set for a listing in the U.S. as soon as September. The brand’s owner, private equity firm L Catterton, which is backed by luxury French fashion house LVMH, is preparing to launch an initial public offering (IPO) with plans to...

Artificial Intelligence
Codoxo Introduces AI Tool to Automate Healthcare Claim Audits
July 31, 2023

Health-focused artificial intelligence (AI) company Codoxo has debuted a new tool to automate claim audits. In releasing its ClaimPilot product, the company can address the “most dire need” facing healthcare companies, according to a Monday (July 31) press release. “In-patient and facility claims account for a significant portion of...

eCommerce
BigCommerce and Google Team on AI-Powered Features for eCommerce
July 31, 2023

BigCommerce is leveraging Google Cloud’s artificial intelligence (AI) technologies to add new AI-powered features to its open Software-as-a-Service (SaaS) eCommerce platform. With these additions, which will begin their global rollout by the end of the year, enterprise merchants will gain the potential to improve their operational efficiencies, enhance the...

eCommerce
Amazon Doubling Same-Day Delivery to Address Need for Speed
July 31, 2023

Amazon will double its same-day delivery centers to hold onto its eCommerce dominance. That expansion will happen “in the coming years,” Doug Herrington, CEO of Worldwide Amazon Stores, wrote on the company’s blog Monday (July 31), as consumers continue to demand quicker deliveries. “Across the top 60 largest U.S....

Retail
Walmart Debuts ‘Sequel’ to Refurbished Merchandise Program
July 31, 2023

Walmart has unveiled an updated version of its refurbished product program, aimed at both consumers and sellers. Announced Monday (July 31), Walmart Restored Premium follows last year’s rollout of Walmart Restored, which sells used products the company claims are like new. “Like any strong sequel, Restored Premium expands...