It has been a failure to launch for business travel coming out of the pandemic. The year 2019 is still the one to beat from a profit and volume standpoint, but many airlines and third-party firms are debuting a new strategy to spur growth: targeting...
Enterprise blockchain and crypto solutions provider Ripple is among the members of a cross-border payments task force recently formed by the Bank for International Settlements (BIS). As part of the cross-border payments interoperability and extension task force, Ripple will work with other organizations, including Mastercard and SWIFT, in fulfilling BIS’ goal to “enhance cross-border...
Hive AI, a San Francisco-based software company that uses artificial intelligence (AI) to moderate digital content, is reportedly working to raise $200 million in a funding round, with a valuation of up to $4 billion. The funding round comes two years after Hive was valued...
Retailers and trade associations across the country are pushing for state and federal laws to impose harsher penalties for those engaging in organized retail crime. Since 2022, at least nine states have passed laws to do just that, six of which have occurred this year,...
As aggregators seek to embed their offerings more deeply in consumers’ day-to-day routines, Uber is tapping Hy-Vee’s alcoholic beverage selection to drive adoption of its non-restaurant verticals while boosting basket size. On Friday (Aug. 11), the mobility and delivery company announced that Uber Eats is...
Starling Bank plans to make its first expansion outside of Europe, moving into the Asia-Pacific (APAC) region. The British neobank has been in talks with an Asian bank about taking its Banking-as-a-Service (BaaS) platform, Engine, into a country in Asia, although it declined to identify the country or Asian...
Personalization has become the norm, and retailers without this feature are considered obsolete and disconnected. Yet when exploring personalization, many strategies come into play. One approach, embraced by numerous retailers, is localization. Brands localize to extend their influence from eCommerce into brick-and-mortar retail, or dial...
Generative artificial intelligence (AI), particularly OpenAI’s ChatGPT, has become a major trend in retail. Brands and retailers are integrating it due to consumer demand for interactive experiences. In recent forays, the use of plug-ins has emerged, necessitating a monthly subscription fee of $20. Brands and retailers are already...
Seemingly everywhere you looked this past week, earnings were the sole arbiter of how stocks performed. And no matter the earnings, almost across the board, the performance was decidedly to the downside. The FinTech IPO Index sank 6.6% through the past five sessions, led by...
